-
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…
-
How FTX left a hole in the corporate overlord.
US-based cryptocurrency startup FTX’s CEO Sam Bankman-Fried has said he’s “piecing together” what has happened at FTX. In a tweet on Friday, he said his priority would be “radical transparency” or “giving as close to on-chain transparency as it can: so that people know exactly what’s happening on it”. The startup was founded by Bankman-Fried…
-
The collapse of the FTX is believed to be the last one.
US Securities and Exchange Commission head Gary Gensler said on CNBC on Thursday that while the crypto space is regulated, investors “need better protection”. Gensler said this while speaking about FTX CEO Sam Bankman-Fried. The SEC and Justice Department are looking into FTX. Bankman-Fried put up $1 billion to bail out companies and shore up…
-
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.
-
It took Sam Bankman-Fried less than a week to lose his fortune.
FTX has filed for bankruptcy in the US, a day after its entire staff of the FTX Future Fund, which says it has committed $160 million in grants, publicly quit. The group said they have ” fundamental questions about the legitimacy and integrity of business operations that were funding the FTX Foundation and the Future…
-
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…