FTX News
US Democrats Decide to Pay Back SBF’s $1 Million Political Fund
Subsequent to the arrest of Sam Bankman-Fried, the former CEO of the recently collapsed crypto exchange FTX, the three top US Democrats, namely, the Democratic National Committee (DNC), the Democratic...
These Are the Three Reasons the Crypto Markets Are Down This Week
The global crypto market cap is down 5.37% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. There are three main driving factors that have dragged...
Solana Development Continues Even After Recent FTX Drama
Solana (SOL) has been tangled in FUD ever since rumours surfaced that the Solana ecosystem was linked to the FTX drama, and this has drastically affected the price of the...
“Binance Put FTX Out of Business Intentionally”: Kevin O’Leary
The Shark Tank judge, Kevin O’Leary, recently spoke at a Senate hearing and addressed the crash of the FTX crypto exchange. Senator Patrick Joseph Toomey Jr. of the United States...
Authorities Accuse SBF of Diverting FTX Funds to Political Campaigns
Federal officials accuse Sam Bankman-Fried, the founder of FTX, of committing unlawful political contributions totaling tens of millions of dollars to both Republican and Democratic leaders. According to the prosecution,...
Busan Seeking to Become Blockchain Hub; Faces Difficulties
Busan, South Korea, is adamant about becoming a central hub for blockchain technology. The Korean city seeks to create a “global digital information ecosystem” and intends to incorporate blockchain technology...
Judge Denies Bankman-Fried’s Bail Request Due to Flight Risk
A Bahamanian judge has ordered that the ex-FTX exchange CEO Sam Bankman-Fried be held in jail while his legal team battles to keep him out of the United States. The...
U.S. Senator Pleads for New Legislation After FTX Collapse
U.S. Senator Cynthia Lummis, a strong proponent of bipartisan crypto legislation, tweeted on December 13 that the Lummis-Gillibrand Responsible Financial Innovation Act could have prevented the fall of FTX and...
Court Testimony Reveals Alameda Used FTX Funds Without Limitation
Shining light on FTX’s misdeeds, the court testimony of the new CEO of FTX John Ray III has been released to the public today. One of the shocking truths among...
SBF, Former CEO of Bankrupt FTX, Arrested in The Bahamas
According to the latest reports, the founder of the bankrupt cryptocurrency exchange FTX Sam Bankman-Fried (SBF) was arrested on Monday in The Bahamas. The arrest was made after Sam was...
Chinese Regulator Drafts New Requirements for Licensed Crypto Firms
A Chinese digital asset regulator has expressed contempt at the recent bankruptcy of the FTX crypto exchange, given that it affected other virtual asset businesses in China. It also described...
SBF’s Parents Withdraw from Teaching at Stanford Law School
The monumental failure of the FTX crypto exchange may have started telling on the families of its founder Sam Bankman-Fried (SBF). According to a university press, Stanford Law professors Joseph...
FTX to Submit Financial Details: Bahamian Attorneys File Motion
Bahamian lawyers filed an emergency motion to a Delaware Bankruptcy Judge. The motion requested the judge to force FTX to surrender the financial details of the company. The details are...
CNBC Trader Wants To Team with Binance CEO To Issue New FTT Coin
Crypto trader suggests a new FTT token issuance for affected FTX creditors and depositors. He calls CEOs of Binance and Bybit to support the cause. Sam Bankman-Fried, former CEO of...
FTX Japan Gets Three Months Deadline to Sort Customer Withdrawals
Japan authorities gave FTX Japan approval to work for three months more. FTX Japan’s previous business suspension order will take effect from March 2023. The Japanese subsidiary is one of...
Aussie Crypto Exchange Starts Recovery From Downfall After FTX Crash
The effects of the FTX crash spread to the shores of Australia, as a Brisbane-crypto exchange, Digital Surge, has fallen into administration. KordaMentha, an advisory and investment firm, has been...
Sam Bankman-Fried Fails To Respond To Testimony Request
FTX founder Sam Bankman-Fried failed to respond to a testimony request. The deadline was set by the Senate Banking Committee to confirm his appearance at the Committee hearing regarding FTX...
SEC Posts Sample Letter Regarding Crypto Asset Markets to Companies
The SEC issued a guideline mandating companies to disclose to investors their exposure to potential risk. The advice was released approximately a month after FTX declared bankruptcy. The exchange’s failure...
Kevin O’Leary Reveals He Got Paid $15 Million to be FTX Spokesperson
Shark Tank judge and Canadian entrepreneur Kevin O’Leary speaks about FTX’s demise. O’Leary was paid $15 million to be the spokesman of the now-defunct exchange. Post the collapse, he lost...
Crypto Lender Genesis To Consult Advisors for Liquidity Strengthening
Genesis CEO told customers it may take weeks to resolve the withdrawal ban. The firm pledged to be transparent while consulting with highly experienced advisors for solutions. A more detailed...
Coffeezilla Grills Sam Bankman-Fried To Confess and Admit Fraud
Crypto detective riled up Bankman-Fried for a confession to fraud on Twitter Space. Bankman-Fried revealed that user assets became “fungible” during the collapse. Coffeezilla informed that “the withdrawals weren’t segregated....
SBF Tapped Taylor Swift for a Deal, Months Before FTX Crash
Bankman-Fried had approached Taylor Swift for a sponsorship deal before the FTX crash. The sponsorship deal was estimated to be worth more than $100 million. Taylor Swift backed out from...
FTX’s Sam Bankman-Fried to Face Market Manipulation Inquiry
The federal prosecutors in Manhattan have launched an investigation into Sam Bankman-Fried. The prosecutors seek to know whether Bankman-Fried deliberately inflated the price of two cryptos. The SEC and federal...
Jake Chervinsky Applauds Crypto Media For Vocalizing About FTX
Jake Chervinsky has applauded the crypto media community for vocalizing about FTX. Chervinsky further added that the crypto media did a great job of speaking the truth. Stockbroker Bruce Fenton’s...
Analyst Designs More Detailing Charts about FTX Group Investments
The chart reveals over 15 significant firms own more than $2.7 billion equity in FTX. BAYC, Polygon, and Near protocol invested $50 million in FTX. Previously, Bankman-Fried framed FTX’s collapse...
