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” 3 reasons why the FTX fiasco is bullish for Bitcoin “ The “Bitcoin-is-dead” gang is back and at it again. The fall of the FTX cryptocurrency exchange has resurrected these infamous critics that are once again blaming a robbery on the money that was stolen, and not the robber. “We need regulation! Why did…
” ‘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…
“Binance CEO Changpeng Zhao slams FTX boss Sam Bankman-Fried” Binance CEO Changpeng Zhao, a key player in the dramatic collapse of rival cryptocurrency exchange FTX, called Sam Bankman-Fried a “liar” who had knowingly misappropriated customers’ money. “Sam knows that he was using the user funds to do trading for Alameda,” Zhao said, referring to FTX’s…
“New FTX CEO says crypto disaster worse than Enron” FTX’s new boss said the firm’s corporate governance under disgraced ex-CEO Sam Bankman-Fried was the worst he’s seen in his career — including his stint cleaning up the mess at Enron. FTX CEO John Ray III — an insolvency expert who steered energy firm Enron through…
” 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…
” Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases “ Collapsed crypto exchange FTX and 130 affiliates filed for bankruptcy in Delaware on Nov 11. Chaos followed as a number of FTX creditors, investors and industry experts began to question what would happen next. Laura Shin, crypto journalist, author and host…
” The FTX contagion: Which companies were affected by the FTX collapse? “ While the FTX collapse may have had a severe effect on the broader crypto market, some companies bore the brunt of the impact and were directly hit by the storm that the embattled crypto exchange brought. Here are some of the affected…
“FTX boss Sam Bankman-Fried slams regulators, admits mistakes” Disgraced FTX founder Sam Bankman-Fried unleashed a tirade against regulators, called “ethics” a “dumb game we woke westerners play,” and insisted his biggest mistake was filing for bankruptcy in a wild, wide-ranging interview. “I f—ed up. Big. Multiple times,” the fallen 30-year-old cryptocurrency mogul admitted to Vox…
” FTX acquisition no more: Canadian exchange Bitvo backs off the deal “ The Canadian cryptocurrency exchange Bitvo has terminated its expected acquisition agreement with FTX to continue operating independently. Bitvo’s shareholder, Pateno Payments, has discontinued the acquisition deal with FTX Canada and FTX Trading in accordance with the agreement terms, Bitvo announced on Nov….