The casualties of the FTX collapse are not seemingly slowing down. Evidently, the bankrupted crypto exchange’s fall caused the global crypto market cap to plunge to $780 billion on Monday. Popularly, November 2021 turned out to be the crypto summer when the crypto market cap rose to $3 trillion. Notably,
As per Semafor, Sam is said to be associated with Twitter. The publication mentioned Sam to be holding a $100 million stake in the micro-blogging social media. Twitter chief Elon Musk completely declines this statement. Elon tweeted: No. He may have owned shares in Twitter as a public company, but
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
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
Sam Bankman-Fried, the creator of the defunct cryptocurrency exchange FTX, is scheduled to speak on November 30 at the New York Times DealBook Summit. Bankman-Fried revealed on Twitter on November 23 that he will be chatting with Andrew Sorkin, a reporter for The New York Times, “next Wednesday” at the
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
In the aftermath of FTX’s bankruptcy, SafePal, the Binance-backed decentralized wallet brand with software, hardware, and extension wallet products, has announced record levels of new customers. Since November 11, the platform has seen a 10x surge in traffic, and over the same time, SafePal’s web3 hardware wallet has had record-breaking
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.
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
New problems have arisen in the Bahamas, the former home of the collapsed crypto exchange FTX. After the ailing cryptocurrency exchange filed for bankruptcy on November 11. The Supreme Court of Bahamas issued an order in favor of the Securities Commission on November 21. The ruling required the exchange to
