An unexpected turn was revealed in Sam Bankman-Fried’s FTX disaster despite U.S. representatives summoning SBF to testify at a hearing on December 13, the House Committee on Financial Services. Federal prosecutors and the Securities and Exchange Commission (SEC) opened an investigation into whether the former FTX CEO manipulated the market’s
The Japanese unit of the insolvent crypto-empire FTX announced that it is striving to allow users to withdraw their funds. FTX Japan opens the door in the mid of the extremely unprecedented circumstance in which investors withdraw funds back from the bankrupt exchange. Sam Bankman Fried’s FTX Japan momentarily halted
The notorious founder of the bankruptcy cryptocurrency exchange FTX, Sam Bankman-Fried, denied committing fraud while admitting significant managerial faults. At the same time, SBF claimed that he was unaware of any wrong transactions that includes funds from FTX and his trading company Alameda Research. Mystery surrounds the disappeared billions, which
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
The effects of Sam Bankman-Fried’s FTX crypto empire demise have drawn further scrutiny from the Singapore government. On Nov 11, the FTX exchange filed for bankruptcy, and it’s unclear whether the platform obtained money from users for sister trading company Alameda Research. Following that, Big-shot firms are still separating themselves
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
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
Sam Bankman-Fried, the former CEO of the bankrupt cryptocurrency exchange FTX is shedding the firm’s support as he impeding bankruptcy efforts through “incessant and disruptive tweeting.” Paul Weiss, the legal attorney for FTX, announced on Friday that it had stopped defending Bankman-Fried, who is facing high regulatory difficulties related to
When the world learned about the deception Sam Bankman-Fried (SBF) committed to creating his FTX empire, business associates, investors, and ardent supporters agreed that the crypto ecosystem had suffered. On the other hand, mainstream media, which had previously used unfavorable speculative attacks to attack crypto, now appears to be siding
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
