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Ex-regulator Bair said that the FTX crash shares some parallels with what happened to Ponzi schemer Madoff.
US cryptocurrency exchange FTX’s CEO Sam Bankman-Fried has resigned after the company’s collapse. Several former FTX employees have claimed they didn’t recognise that the exchange transferred funds to his hedge fund Alameda Research to cover its losses, the New York Times reported. Bankman-Fried held a meeting with several executives in Nassau to determine how much…
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No one is going to save the industry.
Sam Bankman-Fried, Founder and CEO of cryptocurrency exchange FTX US, held a meeting with executives in Nassau last Sunday to calculate how much outside funding he needed to cover FTX’s shortfall. Bankman-Fried showed several spreadsheets to the heads of the company’s regulatory and legal teams that revealed FTX had moved around $10 billion in client…
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SamBankman-Fried’s fortune disappeared in less than a week.
Sam Bankman-Fried, the CEO of FTX, the world’s biggest cryptocurrency exchange, has announced that he’s filing for bankruptcy. “FTX, Inc. or its former CEO are not involved in my personal bankruptcy,” he wrote. “I ampiecing together what has happened at FTX…I’m confident that FTX will emerge stronger, and better, than ever before,” Bankman-Fried added.
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FTX will collapse, predicted Larry David.
FTX, the world’s biggest cryptocurrency exchange, has been shut down by its founder Sam Bankman-Fried. The Miami Heat NBA franchise, which owns FTX, said it was forced to shut its doors as it couldn’t open its accounts due to liquidity constraints. Bankman-Fried had put up $1 billion to bail out firms and shore up assets…
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The hunt for the biggest kingpin on the dark web has two parts.
Cryptocurrency exchange Celsius, facing bankruptcy, released data of over five lakh users. Nicholas Bax, head of research at security consultant and asset recovery firm, said that this is the biggest cryptocurrency exchange data leak since the Japan-based Mt Gox exchange’s data was leaked online. He added that it’s the “worst exchange data breach since Mt…