FTX Says Sam Bankman-Fried Does Not Speak On Its Behalf
FTX is trying to do damage control in the midst of a bankruptcy process that has sent shockwaves throughout the whole crypto industry. In a small Twitter thread, the official…
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dYdX Could be Among Largest Beneficiaries From FTX Collapse: Report
The unforgivable mishandling of customer funds has left millions of users with trapped funds, crippled years of constructive industry reputation, and triggered new credit contagion risks. Amidst this chaos, the…
Charlie Munger Bashes Bitcoin Again, Says It’s Good for Kidnappers
The American billionaire investor Charlie Munger reiterated his negative tone on the crypto sector, saying bitcoin stimulates child prostitution, kidnappings, and other criminal affairs. He also argued that the FTX…
FTX Investors Sue Bankman-Fried Over Yield-Bearing Crypto Accounts (Report)
FTX investors have sued the company’s ex-CEO Sam Bankman-Fried for illegally offering yield-bearing crypto accounts at the now insolvent exchange. The lawsuit, filed in Miami on Tuesday, alleges that FTX’s…
Former FTX CEO SBF Faces Possibility of Extradition to US for Questioning
Amidst speculation over Sam Bankman-Fried’s whereabouts, the authorities are mulling over extraditing the former CEO of the bankrupt crypto exchange, FTX, back to the United States. According to the latest…
Genesis Halts Withdrawals for its Lending Arm Following FTX’s Collapse
Crypto brokerage firm Genesis Global Trading has paused withdrawals for its lending business, which has been impacted by the FTX crisis. The company blamed large withdrawals from customers due to…
VanEck: FTX Crash Not Important for a Bitcoin ETF (Exclusive)
The past couple of weeks has shaken the cryptocurrency industry to its core. FTX filed for bankruptcy after a massive liquidity crunch and an inability to honor their customers’ withdrawal…
FTX’s Bahamas Entity Files for Chapter 15 Bankruptcy Protection in the US: Report
FTX’s Bahamas unit – FTX Digital Markets Ltd – has filed for Chapter 15 bankruptcy seeking protection from creditors in the United States. Chapter 15 bankruptcy essentially enables a foreign…
Binance Scraps FTT-USDT Trading Pair From Both Spot and Perpetual Contracts
Binance, the world’s leading cryptocurrency exchange, has halted trading for the FTT/USDT trading pair following the FTX fallout. The exchange has also removed FTT from its derivatives platform. The move…
Binance Shares Six Commitments and Principles for Centralized Exchanges
Industry leader Binance has shared its principles on how the fiasco can be avoided in the future. On Nov. 15, Binance CEO Changpeng ‘CZ’ Zhao tweeted the most important requirements…
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