The cryptocurrency exchange FTX was one of the largest in the world until it collapsed in spectacular fashion over the course of a week. Helmed by CEO Sam Bankman-Fried, whose fortune peaked at $26.
5 billion last year, the exchange appears to have failed in part because of its close ties to Bankman-Fried’s trading firm, Alameda Research, and the fact that the bulk of its assets had been created from thin air. Read’ coverage of the resulting catastrophe, which sent ripples through the crypto market as FTX and Alameda filed for bankruptcy and SBF’s vast wealth evaporated nearly overnight.
'Gone in 60 Seconds: The Sequel'
This guy needs to be put in an orange jumpsuit. I wonder if all the Dems who took money from him will give it back?
Takes about 30 seconds.
Great 👍
Cat shit wrapped in dog shit
Forbes is garbage....you won't report the truth. You tried reporting the FTX alt-right connection while FTX and cohorts donated millions upon millions to democrats.
Exactly how much was funnelled to the democrat party though FTX and his mother?
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The fall of FTX and Sam Bankman-Fried might be good for cryptoLet's ensure that the companies replacing FTX in the public eye understand what cryptocurrency is about and want to get back to its core values. IBWT Sam is fraıd an just a tricky burglar itself! Dont bother me of it! Ya the good that came out is that the world now knows Gary Gensler, Bill Clinton, Tony Blair Jo Biden are all associated to the mishandling of FTX's customer funds by association.They accepted money 4m FTX that probably belonged to FTX customer's. Fraudsters by association. BTC
Source: Cointelegraph - 🏆 562. / 51 Read more »
Ether drops 4% in a week, and Bahamas regulator confirms FTX asset seizure: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Arca CIO Jeff Dorman discusses how long the crypto contagion could last.
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Brazil Based FTX Customers Organizing to File Class-Action Lawsuit – Exchanges Bitcoin NewsThe group, led by Ray Nasser, CEO of Arthur Mining, a Brazilian-led cryptocurrency mining company, will bring the class-action lawsuit against FTX. GordonBZhang WOW!.
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FTX market aftershock reportedly causes Genesis Block to cease trading in Hong KongThe company cut any ties with FTX before the scandal, and the CEO says closing the company now can help the company gain some liquidity before it's too late. Sorry OmniCrypt Don't miss this token, it will be listed today No doubt there’s more to fall
Source: Cointelegraph - 🏆 562. / 51 Read more »