The Financial Times has published new evidence linking bankrupt cryptocurrency exchange FTX to hedge fund Alameda Research, owned by FTX founder and former head Sam Bankman-Fried. The crypto exchange is accused of illegally using the funds of its...
cryptocurrency
Bitcoin surpassed $17,000 on Wednesday, which is the highest level for the largest cryptocurrency in the market in the last two weeks. After that, the price of bitcoin fell to $16,875. The head of the European Central Bank noted that the current...
Crypto lending platform BlockFi announced bankruptcy under Chapter 11 of the US Bankruptcy Code to stabilize the business and complete the reorganization process. BlockFi has $256.9 million in its accounts, which is expected to provide the company...
Cryptocurrency exchange Binance informed in his blog about the allocation of $1 billion to the cryptocurrency industry’s recovery fund, whose funds will be used to support market participants struggling following the collapse of crypto...
The collapse of the FTX exchange made regulation of the crypto sector urgent, explained in an interview with Reuters, the new chairman of the International Organization of Securities Commissions (IOSCO), Jean-Paul Servais (Jean-Paul Servais). He...
Cryptocurrency broker Genesis, which has come under pressure from creditors due to liquidity problems following the collapse of crypto exchange FTX, turned to investment bank Moelis & Company for help in exploring options to exit the crisis...
It has emerged that crypto exchange FTX, which is now in bankruptcy proceedings, was under the surveillance of federal prosecutors from New York in the months leading up to the collapse. This was first reported by Bloomberg, citing sources familiar...
Clients of the cryptocurrency exchange FTX, which had initiated bankruptcy proceedings, began to lose hope that one day they would get back their money left on the platform, writes Wall Street Journal newspaper. In early November, the company...
FTX on Thursday in case of emergency Posted issued a statement in a court in Delaware, USA, alleging that regulators in the Bahamas ordered former CEO Sam Bankman-Fried to gain “unauthorized access” to FTX systems, which prompted him to...
US crypto investors are suing FTX founder and former CEO Sam Bankman-Fried, as well as a host of celebrities, including NFL player Tom Brady and comedian Larry David, for promoting crypto exchanges. writes Agency Reuters. The lawsuit accuses them of...
Sam Bankman-Fried, founder and former CEO of crypto exchange FTX, whose bankruptcy caused the collapse of the cryptocurrency market, said he developed his business too quickly and sees no signs of further trouble for the company, Reuters writes...
Popular Singapore-based crypto exchange Crypto.com has vowed to prove its balance of payments stability against skeptics who claim the platform is in financial trouble. According to his leader Chris Marszalek (Kris Marszalek), there are no risks...
Hong Kong cryptocurrency exchange AAX official on Sunday informed Customers to suspend payouts due to a planned system update to protect users. Withdrawals from accounts on the AAX platform will be suspended for 7-10 days. About that reported...
Cryptocurrency exchange Binance has stopped accepting FTT token deposits on its platform from its competitor FTX, which filed for bankruptcy on Friday. About that explained On Sunday, Binance CEO Changpeng Zhao urged other competing exchanges to...
Earlier this week, cryptocurrency exchange FTX filed for bankruptcy and its CEO, Sam Bankman-Fried, resigned. It has now been revealed that $1-2 billion in client funds have disappeared from crypto exchange accounts. Image Source: REUTERS/Dado Ruvic...
Sam Bankman-Fried, head of the FTX cryptocurrency exchange, is now busy looking for ways to avoid bankruptcy and close the arrears created by investor outflows. Reuters sources say Bankman-Fried is looking to raise about $9.4 billion from investors...
The world’s largest crypto exchange Binance has refused to bail out a struggling competitor FTX, threatening a complete collapse for the troubled company. Binance is reported to have changed its mind about the acquisition after assessing a...
After it was revealed that the deal to acquire crypto exchange Binance from competitor FTX, which was in a zone of turmoil due to a massive outflow of investors, had fallen through, FTX CEO Sam Bankman-Fried told employees that he consider all...
Bitcoin (BTC) fell to $15,625 on Wednesday, following crypto exchange Binance’s refusal to bail out competitor FTX through its acquisition, the most popular cryptocurrency falling below $16,000 for the first time in two years . informed...
The cryptocurrency market collapsed on Tuesday after it was announced that the world’s largest cryptocurrency exchange, Binance, will acquire one of its main competitors FTX, which is facing a liquidity crisis. According to Coin Desk, Bitcoin...
