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Search Results for: Sam Bankman-Fried

Amazon and Avengers Director to Release Mini Series on FTX

The directors of Marvel’s “Avengers” franchise have been engaged by Amazon to create a mini-series on the demise of crypto exchange FTX. Film trade publication Variety reports that “Avengers: Infinity War” and “Avengers: Endgame” filmmakers Joe and Anthony Russo, as well as the directors of Netflix’s “The Gray Man,” will

November 24, 2022 2 mins read

Turkish Authorities Freeze Assets of FTX CEO SBF Amid Investigation

The Turkish Treasury and Finance Ministry said on Wednesday that an investigation into allegations of fraud against Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, had begun. To aid with their investigation, Turkish authorities have frozen the accounts of Bankman-Fried and its subsidiaries. The Minister of Treasury and

November 24, 2022 1 min read

Tron Founder Justin Sun Working Towards Buying FTX Assets

Known cryptocurrency advocate Justin Sun recently revealed that he and several investors were looking into buying assets from Sam Bankman-Fried’s failed FTX company. “We are willing to negotiate any kind of a deal.”  Mr. Sun said on Tuesday in Singapore to reporters that he thinks they should weigh all of

November 23, 2022 1 min read

Will the Downfall of CeFi Lead to DeFi Adaptation?

Kanye West has blamed Adidas for suspending four of his bank accounts, totaling $75 million. And he added that he will meet the former president again in 2024. He stated that his decision was influenced by Adidas reportedly breaking into his bank accounts and locking away all of his money.

November 23, 2022 1 min read

FTX Lawyer Claims Substantial Assets Stolen or Missing During Hearing

During the bankruptcy proceedings, the lawyer for FTX claimed that much of the company’s assets had been stolen or vanished. Unfortunately, the FTX debtors were not adequately governed, according to attorney Bromley. The attorney said the FTX case was “unprecedented” in his opening statement. He further claimed that Sam Bankman-Fried

November 23, 2022 1 min read

Texas Probes Into the Endorsements of FTX by Celebrities

The Texas State Securities Board began investigating FTX’s operations last month to see whether the exchange’s yield-bearing crypto accounts were providing people with unregistered securities. Since the company’s demise on November 11, the board has dramatically broadened its investigation into the consequences of this multibillion-dollar bankruptcy. Promotions of FTX by celebrities

November 22, 2022 2 mins read

FTX Japan Reportedly To Resume Withdrawals by Year End

The Japanese branch of cryptocurrency exchange FTX Trading, FTX Japan, is working toward resuming withdrawals by the year’s end. While FTX Japan has temporarily halted withdrawals, an official there indicated on Monday that work is already underway on a new withdrawal procedure. Also, FTX Accounts Drainer keeps transferring crypto assets

November 21, 2022 1 min read

Ripple CEO Interested in Buying Assets From Bankrupt FTX

According to reports, Ripple CEO Brad Garlinghouse is looking into buying assets from defunct cryptocurrency exchange FTX. The conversation, according to Ripple’s CEO, focused on whether or not there were any firms held by FTX that Ripple “would want to own.” Garlinghouse told The Sunday Times on the sidelines of

November 21, 2022 1 min read

U.S President Calls For Stringent Regulations Post FTX Crisis

FTX, a cryptocurrency behemoth crumbled recently. Due to financial embezzlement and other circumstances, the billion-dollar enterprise has disintegrated. Sam Bankman-Fried provided the audience with an extraordinarily rich picture of FTX.  Following the FTX disaster, worldwide officials were apparently in negotiations to adopt global cryptocurrency laws. The waves of the FTX’s

November 21, 2022 1 min read

FTX Owns More Than $3 Billion To The Top 50 Creditors

Crypto Exchange FTX has filed for bankruptcy in the United States, and CEO SamBankman-Fried has stepped down, following a liquidation issue at the cryptocurrency group that sparked action from regulators around the world. According to the records filed with the Delaware bankruptcy court, the exchange owes 3.1 billion to its

November 21, 2022 1 min read