Over the past few weeks, a lot of catastrophic events have taken place in the global cryptocurrency market. Also, the crypto exchange FTX fallout alarmed several big-shot companies and many people in the cryptocurrency community, and the global crypto industry faced cold selling pressure. While the crypto lending platform BlockFi
According to court documents filed on Thursday, the bankrupt crypto exchange FTX claims the government of the Bahamas ordered unlawful access to the firm’s systems so that assets could be taken out after the company filed for Chapter 11 bankruptcy in the U.S. “Unauthorized” FTX Transactions by the Bahamas The
The entire crypto industry is gossiping about everything related to Sam Bankman-Fried’s FTX. Also, the global crypto community and regulator bodies are constantly keeping a close eye on the bankrupt FTX and its trading company Alameda Research. In the aftermath of the crypto exchange collapse, the overall cryptocurrency market witnessed
The prying eyes of the crypto community and off-chain regulators are 24/7 on everything and everyone related to Sam Bankman-Fried’s FTX. Lately, the alleged involvement of wallets linked to Alameda Research, the sister company of the FTX, in initiating crypto transfers and SBF’s Twitter strategy raised high speculations. The recent
The current scandal over Sam Bankman Fried’s crypto exchange FTX and his trading company Alameda Research resulted in a significant loss on Solana’s SOL token. The worst-case scenario is SBF’s Alameda Research holding a significant amount of Solana tokens. The so-called Ethereum killer Solana (SOL) which supports the rapid layer-1
FTX exchange plans to create stablecoin. FTX Token traded at $24.55 with a price surge of over 8% in the previous week. FTX one of the prominent cryptocurrency exchange CEO Sam Bankman-Fried stated, in a recent interview that the company is presently working to create a stablecoin. Stablecoin is known
The CEO has no preference for whatever government agency oversaw the sector. Some of the rescue investments were successful, according to Bankman-Fried. FTX CEO Sam Bankman-Fried has said that the crypto winter might have been considerably worse in terms of asset values. The sector, according to the billionaire investor, requires
First launched in 2019 as a derivatives exchange, FTX has since branched out. The cryptocurrency exchange completed the purchase of Ledger Holding in 2021. FTX CEO Sam Bankman-Fried insists that his focus remains on LedgerX (now rebranded as FTX US Derivatives). In October 2021, the cryptocurrency exchange completed the purchase
FTX and FTX US have collected funds of $400 million as of Jan 2022. Voyager rejected FTX’s proposal as it seemed biased toward the borrower. Sam Bankman-Fried (SBF), the CEO of FTX, has been the rescuer for various exchanges and firms in the crypto catastrophe. He is either a lender,
SBF confirmed that FTX is not open to acquire crypto mining firms. Earlier, FTX had provided more than $240 million credit line to BlockFi. Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, declined the latest rumor surrounding the company. On Saturday, SBF cleared the speculation through a tweet that
