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” Bahamian securities regulator ordered the transfer of FTX’s digital assets “ The Securities Commission of The Bahamas (SCB) said it had ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the commission on Nov. 12. In a Nov. 17 statement, the SCB said it exercised…
” FTX names Kroll as claims agent, to update users on bankruptcy developments “ Bankrupt crypto exchange FTX has appointed restructuring administration firm Kroll as its agent to track all claims against FTX and ensure interested parties are notified of developments throughout its Chapter 11 bankruptcy case. Known as the “claims and noticing agent,” Kroll…
” Crypto industry was ‘judge, jury and executioner’ for FTX: Pompliano “ Prolific podcaster and cryptocurrency investor Anthony Pompliano has not lost faith in people or the crypto industry despite the disappointing conduct of former FTX CEO Sam Bankman-Fried. Bankman-Fried, once widely regarded as crypto’s “white knight” is now a pariah in the crypto industry…
” FTX will be the last giant to fall this cycle: Hedge fund co-founder “ While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange’s fall from grace should be the last catastrophic event — at least in this market cycle. CK Zheng, the former head of…
” Here’s how the CFTC could prevent the next FTX “ FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many customers are unable to withdraw their deposits. Its holdings of Serum’s SRM,…
” Jump Crypto denies rumors that it intends to wind down due to FTX losses “ Jump Crypto, a division of the Jump Trading Group, has denied rumors circulating online that it intends to wind down operations due to its exposure to FTX losses. According to a tweet shared by the company on Nov. 17,…
” $600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K “ No one can blame Bitcoin (BTC) bulls for placing bets at $20,000 and higher for the $600 million weekly options expiry on Nov. 18. After all, this level had provided a solid resistance since Oct. 25 and held…
” FTX and Alameda likely colluded from the very beginning: Report “ According to a new report published by blockchain analytics firm Nansen on Nov. 17, bankrupt cryptocurrency exchange FTX was allegedly intertwined with that of crypto trading firm Alameda Research from the very beginning. Both entities were created by crypto businessman Sam Bankman-Fried, who…
“FTX-linked Caroline Ellison was into ‘Chinese harem’ polyamory” Disgraced Alameda Research CEO Caroline Ellison penned graphic blog posts about polyamory and masochism before the implosion of her FTX-linked cryptocurrency hedge fund. Ellison — who dated FTX founder Sam Bankman-Fried — wrote candidly about her “‘foray into poly” on her now-deleted Tumblr account back in February…
“Winklevoss twins’ Gemini crypto exchange caught up in FTX meltdown” More signs of trouble have surfaced at the Winklevoss twins’ embattled cryptocurrency exchange Gemini after FTX’s sudden collapse into bankruptcy sparked fears of a sector-wide contagion. CoinDesk reported on Wednesday that Gemini had experienced a $563 million rush in customer outflows in the last 24…