FTX CEO Sam Bankman-Fried has revealed that he donated millions of dollars to support bipartisan politicians in a bid to lure more crypto allies. In a Saturday tweet, Bankman-Fried said that he was “a significant donor” in both Republican and Democrat primaries, “supporting constructive candidates across the aisle to prevent pandemics and bring a bipartisan…
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FTX CEO Sam Bankman-Fried proposed a blueprint for regulators to look into decentralized finance — with nary a word about centralized exchanges like his own. Last month’s proposal from Sam Bankman-Fried, CEO of crypto exchange FTX, for regulators to establish a litany of standards for the cryptocurrency industry poses an existential threat to decentralized finance…
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The FTX director of engineering reportedly contributed $500,000 to the Democratic Party of the American state of Oregon. A senior FTX executive has been revealed as the reported mystery donor behind a massive $500,000 contribution to the Democratic Party of the American state of Oregon. According to local reports, the Oregon Democrats initially told state…
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FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin. In an interview with The Big Whale, Bankman-Fried said “it is very likely” FTX will launch a stablecoin, joining most other major exchanges in having launched a crypto token whose value is tied to fiat currencies. He added that they…
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The Yearn Finance founder suggested that several cracks have shown in the crypto sector this year, and that regulation is needed to “reign in irresponsible actors.” Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion…
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FTX founder Sam Bankman-Fried said the exchange won’t be “making a habit of compensating” users that are “phished by fake versions of other companies.” Cryptocurrency exchange FTX will provide around $6 million in compensation to victims of a phishing scam that allowed hackers to conduct unauthorized trades on certain FTX users’ accounts. FTX founder and…
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Major crypto trading platform FTX.US and its founder Sam Bankman-Fried are being investigated by the securities regulator in Texas, USA, for selling an investment product that may have violated state law. The investigation concerns allegations that FTX offers US residents unregistered securities products through its yield-bearing service, per a filing by the Texas State Securities…
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FTX CEO Sam Bankman-Fried has made a U-turn on his statement to spend up to or even more than $1 billion in political donations in the run-up to the 2024 United States presidential election. Back in May, the 30-year-old billionaire said he plans to give “north of $100 million” in the next presidential election and had a…
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Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File Objection Against FTX Buying Voyager Digital According to a bankruptcy…
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The Texas State Securities Board enforcement director downloaded an FTX Trading app – not an FTX US app – in Texas using his own information and was able to earn interest on it. The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) filed a supplemental declaration Oct. 14 in the Voyager…
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