Kenneth C. Griffin, the CEO of US-based hedge fund company Citadel LLC, has slammed the struggling cryptocurrency exchange FTX and its founder Sam Bankman-Fried. During a recent interview at the Bloomberg New Economy Forum, Citadel CEO termed FTX’s collapse as one of the biggest “travesties,” in the history of the
BlockFi, a cryptocurrency lender, stated on Monday that it will “consider all possibilities” to reduce its “significant exposure” to FTX’s bankruptcy. After the biggest blowup in the cryptocurrency industry prompted calls for stricter regulation, FTX founder Bankman-Fried also resigned as CEO. BlockFi stated: We do have significant exposure to FTX
The financial behemoth JPMorgan shared insight into the complete scenario of the demise of the prominent cryptocurrency exchange FTX. JPMorgan stated that the centralized player is the cause of the recent crypto collapse. Also, the banking giant believes FTX’s failure might eventually make way for more strong regulations for cryptocurrencies.
It was revealed on Sunday that Visa will no longer work with the defunct cryptocurrency exchange FTX. FTX-branded Visa debit cards will be discontinued, which was extended only last month. A Visa representative stated: “The situation with FTX is unfortunate and we are monitoring developments closely. We have terminated our
Following Sam Bankman-Fried’s FTX insolvency proceedings, Binance CEO and co-founder Changpeng Zhao (CZ) stated solid and clear laws are needed for the cryptocurrency sector. CZ, a crypto billionaire thinks that it’s not only the government’s job to ensure consumer safety; it’s everyone’s. According to Bloomberg, during a meeting of G20
Famous Bitcoin maximalist El Salvador President, Nayib Bukele, showed up on Twitter to solidly express the cruciality of Bitcoin amid the ongoing chaos in the crypto market. He penned down that the bankrupted crypto exchange FTX is unlike Bitcoin. FTX’s non-transparency and unfair handling of users’ funds triggered him to
The collapse of one of the leading crypto exchanges, FTX, is the current trending news in the global cryptocurrency market. On Friday, FTX filed for bankruptcy amid facing an $8 billion liquidity shortage and a lack of resources. Reportedly, Sam Bankman-Fried, the CEO of the exchange platform has also stepped
As the tale of his defunct cryptocurrency exchange played out in near real-time on Twitter, FTX founder Sam Bankman-Fried refuted reports that he had fled to Argentina. On November 12, Bankman-Fried (SBF) texted Reuters to confirm that he was still in The Bahamas. He told Reuters, “Nope,” when asked directly
Dogecoin (DOGE) had a little price increase when Tesla CEO Elon Musk mentioned it. In an interesting twist, the new Twitter boss declared “Dogecoin (DOGE) To The Moon” at his Twitter space on Saturday. Musk made the remarks in a Twitter space created by Mario Nawfal, the Founder of the
At least $1 billion in customer deposits have reportedly vanished from the defunct cryptocurrency exchange FTX, according to a report by the news agency Reuters. Two former high-ranking FTX employees who talked with Reuters have revealed some interesting details about the company. The sources informed that FTX founder and ex-CEO
