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” ‘I knew he was desperate’ — Binance CEO CZ opens up on SBF relationship “ Binance CEO Changpeng “CZ” Zhao knew Sam Bankman-Fried was in a desperate situation when the former CEO of the now-bankrupt FTX exchange called him for a bailout. CZ opened up on the events that nearly saw Binance come to…
” SBF received $1 billion in personal loans from Alameda: FTX bankrupty filing “ Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange. A formal declaration in ongoing Chapter 11 bankruptcy filings from FTX’s new CEO John…
” Binance, OKX and Bybit suspend USDT and USDC deposits on Solana “ Binance crypto exchange announced on Nov. 17 that deposits of Solana-based USDT and USDC have been “temporarily suspended until further notice” on the platform. The exchange referred to the tokens as “USDT (SOL)” and “USDC (SOL),” as USDT and USDC stablecoins remain…
” Esports team TSM suspends $210M sponsorship deal with FTX “ Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week. The United-States-based esports organization made the announcement in a Nov. 16 tweet…
” US reportedly considering Bankman-Fried extradition for questioning “ In the aftermath of the FTX exchange liquidity crisis and bankruptcy, the United States and Bahamian authorities are reportedly discussing the possibility of extraditing Sam Bankamn-Fried, former CEO of the company, back to the U.S. for questioning. According to a Bloomberg report citing people familiar with…
” FTX crisis could extend crypto winter to the end of 2023: Report “ The FTX crisis has deterred investor confidence and created a liquidity crisis in the crypto market, which could very well extend the crypto winter until the end of 2023, according to a new report. A research report from Coinbase analyzing the…
” Paradigm co-founder feels ‘deep regret’ investing in SBF and FTX “ The co-founder of asset management firm Paradigm says they feel “deep regret” for having invested in FTX amid recent revelations involving FTX, Alameda Research, and Sam Bankman-Fried. In a Twitter post on Nov. 15, Matt Huang, co-founder and managing partner of Paradigm said…
” Exchanges delist FTX Token pairs from trading platforms “ As the FTX collapse continues to cause turmoil in the crypto industry, various crypto exchanges have delisted FTX Token (FTT) on their platforms. In an announcement, crypto exchange Binance highlighted that it had removed the FTT/BTC, FTT/BNB, FTT/ETH and FTT/USDT trading pairs on its platform…
” 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…
” Visa terminates debit card program with FTX “ Only a month after payments giant Visa announced a partnership with FTX to roll out a debit card program in 40 countries worldwide, Visa has abruptly ended the program due to FTX’s recent insolvency and bankruptcy issues. FTX’s liquidity issues were triggered last week when Binance…