FTX presentation shows ‘massive shortfall’ in firm’s assets
FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO.
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FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO.
Singh’s former colleagues Ellison and Wang consented to stays in their CFTC cases; Singh has agreed to submit a consent order proposal in the CFTC case.
Despite Hodlnaut creditors insisting on the firm’s liquidation, the founders keep trying to save the business and sell it to potential investors.
Nishad Singh has reportedly agreed to plead guilty to one count of wire fraud, one count of conspiracy to commit wire fraud on FTX customers, and one count of conspiracy…
Wrapped Bitcoin garnered DeFi traders' support in the 2021-22 bull season, but the demand started to fade post numerous crypto contagions led to redemptions.
Numerous community members received their funds as FTX investors in other countries remain hopeful of a similar outcome.
According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert.
According to the crypto exchange, 7,026 FTX Japan account holders had moved funds from the firm to Liquid Global — a requirement in order to withdraw assets.
The CEO of crypto exchange Kraken, Jesse Powell, says U.S. regulators “let the bad guys get big and blow up because it serves their agenda.” The executive explained: “Bad guys…
The report suggests that whales with Binance, FTX and Coinbase “probably cashed out at the expense of smaller holders” by reducing their BTC stockpiles as retail investors bought.