FTX’s Collapse Was a Crime, Not an Accident
Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times. Original Source
Read More
FTXs
What a Securities Lawyer Would Ask FTX’s Bankman-Fried
As a securities litigator for over 30 years, I have cross-examined a host of conmen and fraudsters. Most of my cases have been concentrated in the financial services field where I represented Wall Street, securities brokerage firms, commercial banks and national stock and derivatives exchanges – in other words, traditional
Read More
Sam Bankman-Fried Interview Reveals Dark Donations to Republicans, FTX’s ‘Poorly Labeled Accounting’ – Bitcoin News
On Nov. 29, 2022, the crypto supporter and reporter, Tiffany Fong, published an interview with the former FTX CEO Sam Bankman-Fried (SBF) that was recorded 13 days before the interview was released. During the interview, SBF discussed who he thinks may have hacked FTX and he further denied he had
Read More
EU’s MiCA Crypto Law Would Have Stopped FTX’s Malpractice, Officials Say
“I wouldn’t comment on individual cases, but generally speaking, the industry has many signs of weaknesses across all key functions,” said Steffen Kern, head of ESMA’s risk analysis and economics department, citing poor management and failures to segregate client funds. “MiCA, had it been in place, would have been extremely
Read More
SBF reveals what was behind FTX’s reopening of Bahamian withdrawals
FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users. In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen
Read More
Binance Makes Multi-Billion Dollar Transfers Following FTX’s Collapse
Binance has made transfers worth several billion dollars since the downfall of FTX.Many of these transactions are associated with proof of reserves demonstrations undertaken by centralized exchanges.A recent transaction of $2 billion caught the attention of on-chain whale watchers.Changpeng Zhao has stated that the transaction was to prove ownership of
Read More
JPMorgan: Push to Regulate Crypto to Accelerate After FTX’s Collapse
Crypto derivatives trading is likely to shift to regulated venues, and the Chicago Mercantile Exchange is expected to emerge as a winner, the bank said. Source
Read More
BlockFi sues FTX’s Bankman-Fried over shares in Robinhood
Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November.The suit was filed on Nov. 28 in the United States Bankruptcy Court for the District of New Jersey just hours
Read More
A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse – Markets and Prices Bitcoin News
At the time of writing the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, Nov. 27, 2022. Bitcoin prices consolidated since the start of the week, as seven-day stats indicate the price of bitcoin has dropped by 0.02% this week. Meanwhile, while bitcoin prices remain static, a
Read More
Vitalik on Suspect Centralization, FTX’s ‘Absolute Fraud,’ Coinbase Confirms Bitcoin Holdings — Week in Review – The Weekly Bitcoin News
Cryptox.trade Since 2015, Cryptox.trade has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. (function(d, s, id)
Read More