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” FTX Australia’s license suspended as 30K Aussies left in the lurch “ Australia’s financial markets regulator has suspended FTX Australia’s financial license following the appointment of a voluntary administrator to help nearly 30,000 Australians and 132 Australian companies get their funds back from FTX. The announcement was made by the Australian Securities and Investments…
“Michael Lewis eyes FTX’s Sam Bankman-Fried as subject of next book” Michael Lewis, the best-selling author of “The Big Short” and “Moneyball,” plans to spill the drama behind the downfall of Sam Bankman-Fried. Lewis — whose books were turned into blockbuster films — has been “traveling with and interviewing” Bankman-Fried for six months, and was planning to…
” FTX fallout continues: BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits “ In an official update sent to clients on Nov 14, BlockFi admitted to having “significant exposure” to FTX and its affiliated companies, but insisted it had “the necessary liquidity to explore all options”. The news came as somewhat of a surprise…
” FTX bankruptcy filing speculates over 1M creditors “ The FTX liquidation crisis turned bankruptcy saga continues as a recent filing reveals additional information on Sam Bankman-Fried’s leadership and the exchange’s final days. On Nov. 14, a new document was filed in a United States federal court in Delaware, where FTX US is based. It…
” Sam Bankman-Fried denies rumors that he fled to Argentina “ FTX founder Sam Bankman-Fried has denied speculation that he’s fled to Argentina as the saga surrounding his collapsed cryptocurrency exchange continued to unfold in near-real time on Twitter. In a text message to Reuters on Nov. 12, Bankman-Fried, who also goes by SBF, said…
” FTX reportedly hacked as officials flag abnormal wallet activity “ Collapsed cryptocurrency exchange FTX reportedly faced a series of unauthorized transactions over the weekend, prompting several warnings from users and analysts against interacting with its mobile app or website. Wallets associated with FTX saw roughly $266.3 million worth of outflows on Nov. 11, according…
” FTX funds on the move: bankruptcy proceedings, insider threat or a hack? “ The recent tensions between the two major crypto exchanges FTX and Binance, which was accompanied by a massive selloff of FTX Token (FTT), resulted in the collapse of roughly 130 companies linked to FTX Group — including FTX Trading, FTX US,…
” ‘Need to update my LinkedIn’ — FTX Ventures head resigns: Report “ Amy Wu, an investor in FTX and the head of the firm’s venture capital arm, FTX Ventures, has reportedly resigned her position. According to a Nov. 11 report from The Information, Wu resigned as head of FTX Ventures following the announcement FTX…
“FTX files for bankruptcy as CEO Sam Bankman-Fried resigns” FTX filed for bankruptcy and announced the resignation of CEO Sam Bankman-Fried on Friday, marking a stunning downfall for the 30-year-old billionaire seen as one of the cryptocurrency sector’s most prominent figures. FTX.com, FTX’s US operations, and Bankman-Fried’s cryptocurrency trading firm Alameda Research are among about 130 FTX…
” FTX ex-exec floats ‘cool token’ idea amid warning rebound may take years “ Bitcoin (BTC) and cryptocurrency may “take years to recover” from the FTX scandal, one industry analyst warns. In a Twitter thread on Nov. 11, Filbfilb, co-founder of trading suite Decentrader, said that the Terra LUNA debacle was itself still playing out….