Auto Added by WPeMatico

Wells Fargo Fined for $3.7B But the World is Still Fixated on FTX Collapse, Ripple CEO Chips In

The spectacular collapse of FTX warrants every bit of attention that it has garnered so far. The bosses of the once high-flying business were allegedly involved in shady business operations…

Continue ReadingWells Fargo Fined for $3.7B But the World is Still Fixated on FTX Collapse, Ripple CEO Chips In

FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per…

Continue ReadingFTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

FTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies (Report)

The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money. In an interview for The Block, Joseph Femenia…

Continue ReadingFTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies (Report)

Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department…

Continue ReadingReport: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request