FTX fiasco – Miami Crypto Coin

Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022

Post author:MiamiCrypto
Post published:December 5, 2022
Post category:Alameda Balances Alameda CEO Caroline Ellison Alameda Research Alameda trading Balances Caroline Ellison debt debt over collateral Ellison Balances Frank Chaparro FTT ftx FTX collapse FTX fiasco Interviews Liquidation Locked Coins Locked Sums margin Margin Position Negative $1.3 Billion Negative Balance New York Magazine News Sam Bankman-Fried SBF Serum SRM

In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In…

Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of ‘Cascading Effects’

Post author:MiamiCrypto
Post published:November 14, 2022
Post category:2008 Financial Crisis Binance cascading effects Changpeng Zhao crypto industry CZ Economics ftx FTX cascading effects FTX crisis FTX fiasco

Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think…

SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project

Post author:MiamiCrypto
Post published:November 13, 2022
Post category:Altcoins Anatoly Yakovenko ftx FTX Bankruptcy FTX Exchange FTX fiasco Sam Bankman-Fried SBF Serum Serum devs SOL Solana Solana (SOL)SRM upgrade authority upgrade authority compromised upgrade authority tainted

According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was…