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” 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…
“Charle Munger blasts crypto after FTX meltdown: ‘Good for kidnappers’” Billionaire and noted bitcoin critic Charlie Munger took a victory lap Tuesday after FTX’s recent meltdown – blasting cryptocurrencies as a “demented” enterprise rife with “fraud” and delusion.” When asked about FTX’s collapse into bankruptcy, the 98-year-old Berkshire Hathaway vice chairman referred to digital currencies…
“Crypto CEO Caroline Ellison tweeted about ‘regular amphetamine use’” Disgraced Alameda Research CEO Caroline Ellison talked about “regular amphetamine use” in an April 2021 Twitter thread – more than one year before the FTX-linked crypto hedge fund imploded. Ellison, the close business associate and confirmed ex-girlfriend of FTX founder Sam Bankman-Fried, has been under intense…
” Bahamas supreme court approves ‘provisional liquidators’ for FTX “ The Supreme Court of the Bahamas — where FTX Digital Marketsis headquartered — has approved two provisional liquidators to oversee the crypto exchange’s assets. According to a Nov. 14 announcement from the Bahamas’ Securities Commission, the country’s supreme court approved the appointments of PricewaterhouseCoopers advisory…
“NY Times ripped for ‘softball article’ on FTX’s Sam Bankman-Fried” The New York Times got blowback over an article it published on Sam Bankman-Fried, with critics slamming it as a puff piece on the accused crypto fraudster. The Times quoted Bankman-Fried extensively for a story whose headline reads: “How Sam Bankman-Fried’s Crypto Empire Collapsed.” The…
” 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…
” FTX collapse is Trust Wallet Token’s gain — Why did TWT price soar 150% in six days? “ Trust Wallet Token (TWT) has surged by nearly 150% in the last six days, bucking the downturn in the cryptocurrency market, whose net capitalization has crashed by almost $100 billion in the same period. TWT whale…
” FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing “ The FTX hacker that drained over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continues to drain assets from the exchange, four days after the hack was first flagged. Crypto analytic firm…
” Trezor reports 300% surge in sales revenue due to FTX contagion “ Amid growing concerns over centralized cryptocurrency exchanges in the wake of the FTX crisis, investors are increasingly moving to hardware crypto wallets. A major hardware wallet provider, Trezor, has recorded a major uptick in wallet sales in the aftermath of the FTX…