Auto Added by WPeMatico

US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse

The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry.…

Continue ReadingUS House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse

Tom Brady, Gisele Bündchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action Lawsuit

Former FTX CEO Sam Bankman-Fried (SBF) and a number of celebrities including Tom Brady, Gisele Bündchen, Stephen Curry, and Shaquille O’Neal have been named in a class-action lawsuit involving the…

Continue ReadingTom Brady, Gisele Bündchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action Lawsuit

Crypto skeptic Brad Sherman: federal financial regulators ‘sound like Sam Bankman-Fried’

The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.

Continue ReadingCrypto skeptic Brad Sherman: federal financial regulators ‘sound like Sam Bankman-Fried’

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that…

Continue ReadingReport: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations