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FTX, which now faces insolvency, is seeking nearly $10 billion in external funding a week after CryptoX first reported how funds were spread between the exchange and Alameda. The report led to a cascade of events – with crypto markets tanking, Alameda winding down trading, and FTX founder Sam Bankman-Fried
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Cryptocurrency exchange FTX has had its EU license suspended by Cyprus' regulator. Original Source
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The founder of the Chain blockchain infrastructure company, who goes by the internet pseudonym Deepak.eth, took to Twitter to announce the sale of their nonfungible token (NFT) collection.Deepak.eth tweeted that the collection will either be sold to the highest bidder, or else placed in a “fractional DAO” in which they would
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Bankman-Fried is one of the three directors of FTX Australia. The local directors put the operations in the hands of administrators from KordaMentha, who have begun examining the crypto exchange's books to see whether there are enough assets to pay back local customers. Original Source
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The crypto community continues to be bombarded with rumors and conspiracy entering into the fifth day of FTX's fall.From reports that Sam Bankman-Fried (SBF) was arrested on the tarmac at the Bahamas airport to rumors that employees of the exchange are trying to sell the company’s assets, it has been
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The Department of Financial Protection and Innovation (DFPI) in the state of California announced on Nov. 10 that it will open up an investigation as to the “apparent failure” of the cryptocurrency exchange FTX. California regulators said in the announcement that the DFPI takes this oversight responsibility “very seriously” and that
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En su hilo, Bankman-Fried intentó explicar la situación de su empresa y dijo que FTX etiquetó internamente “mal” a las cuentas vinculadas a bancos, por lo que juzgó mal el margen de los usuarios. El domingo, clientes retiraron US$5000 millones en activos, pero solo tenía liquidez para el 80% de
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United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s shocking collapse.For a short time, the cryptocurrency community wasn’t sure how the senators would respond to the
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"We remain committed to working towards building regulation that protects users and safeguards innovation, in order to bring about real change," she said. "The news this week has been shocking, but we’ve also seen the community come together.We have an historic opportunity to get the policies right and the Crypto
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Cryptocurrency exchange FTX has lost at least one potential rescuer as it battles to fill a reported multi-billion dollar hole in its balance sheet.The CTO of stablecoin issuer Tether, Paolo Ardoino on Nov. 10 confirmed the company does not have “any plans to invest or lend money to FTX/Alameda.”Tether does
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