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The document, filed to the federal court database system PACER late Monday, provided the first true glimpse of the crypto exchange's last day prior to filing for bankruptcy and its first few days going through the process. FTX's new CEO, veteran insolvency overseer John J. Ray III, is working with
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“His childhood, early success on Wall Street, embrace of effective altruism and the creation of a crypto empire that catapulted him in record time into the ranks of the richest people in the world seemed more than sufficient for a signature Michael Lewis book,” the letter said. “The events of
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Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11.Along with FTX, the agency will look into people and institutions related to the platform — including banks, electronic money institutions and crypto-asset providers — according to
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Lawmakers, regulators and criminal investigators are looking into FTX’s collapse, and Sam Bankman-Fried’s tweets aren’t helping. Original Source
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Crypto exchange CrossTower is working on a revised offer for the assets of bankrupt crypto lender Voyager Digital, a spokesperson told Cryptox. Voyager announced the reopening of its bidding process after FTX US, the original winner in the bid, filed for bankruptcy in the United States on Nov. 11."We are
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FTX’s collapse may turn off some investors from putting money into crypto altogether, but it could be an opportunity for Coinbase to pick up market share. Original Source
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On the night of Nov. 11, several wallet addresses linked to FTX were found transferring millions of dollars worth of cryptocurrencies without an official notice — sparking speculations ranging from the commencement of FTX’s bankruptcy proceedings to the involvement of hackers. Within hours, FTX confirmed on Telegram that the fund
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Bitcoiners certainly take up a few unapologetic, uncompromising stances. Tomer Strolight, editor in chief at Swan Bitcoin, has argued that bitcoin maximalists’ perceived toxicity is really just principled opposition. When maximalists criticize centralized crypto exchanges, curse the altcoin ecosystem or call creators of new tokens scam artists, they are actually
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Voyager Digital is ending the deal to sell itself to FTX US after the latter also declared bankruptcy on Friday. Source
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Venture capital giant Sequoia, which wrote off the entirety of its $150 million investment in FTX this week, justified its investment in the company by citing FTX’s strong 2021 financials. The venture fund touted FTX’s $1 billion in revenues and $250 million in operating income as evidence of the company’s
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