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Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that…

Continue ReadingReports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’

On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and “should have done better”…

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FTX Reportedly Sent $4B to Alameda, Got Close to Losing Gibraltar License Because of Binance in 2021

FTX had reportedly reached out to several other large exchanges, including Coinbase and OKX, but was turned down. Its finances were one of the factors after the reviewal of which,…

Continue ReadingFTX Reportedly Sent $4B to Alameda, Got Close to Losing Gibraltar License Because of Binance in 2021

From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival…

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Binance-FTX Botched Acquisition: A Timeline of High-Profile Bailout That Never Happened

Binance initially nurtured FTX. Today, it is being speculated as a reason for FTX’s imminent vanquish. This makes a great tale. But its CEO assured the community that he had…

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