The company had disclosed the investment on Dec. 2, but had previously not committed to returning the funds. Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The…
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Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the presentation published by litigation firm Sullivan & Cromwell is “extremely misleading” and that FTX US is solvent…
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As more and more crypto companies face scrutiny – and some throw in the towel after a rough bear market – questions are being raised whether that could be a good thing for crypto after all…. Read More: Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital Asset…
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The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so. Unregulated crypto exchanges will continue to fall like dominoes post-FTX, with plenty more “meltdowns” to come, warns Shark Tank star and investor Kevin O’Leary. O’Leary, a former spokesperson and proponent for the now-bankrupt FTX exchange, told Kitco anchor…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Digital Yuan Used to Buy Securities, Monex Group Interested in FTX Japan, Bitget Launches Copy Trading in Spot Market Read more »Sign up for e-EUR – the progressive…
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Debtors said they had identified $1.7 billion in cash, $3.5 billion in crypto assets and $0.3 billion in securities following FTX filing for Chapter 11 bankruptcy. The debtors behind FTX have identified $5.5 billion in liquid assets but reported a “substantial shortfall of digital assets” at the bankrupt crypto exchange and its U.S. arm. In…
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Investor and Shark Tank star Kevin O’Leary has said crypto is getting “very interesting” as the recent events have forced lawmakers to push for a solid regulatory framework…. Read More: Kevin O’Leary Says Crypto is Getting “Very Interesting” – Here’s Why Read more »Sign up for e-EUR – the progressive stablecoin
The SkyBridge founder opened up about his trust in FTX founder Sam Bankman-Fried which was ultimately broken after the exchange collapsed. SkyBridge Capital managing partner Anthony Scaramucci has opened up about the “betrayal” he felt by the actions of FTX founder Sam Bankman-Fried, whom he said he once considered a friend. Speaking at Casper Lab’s…
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While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia. The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program. The Commodity Futures…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Digital Assets Subcommittee in the US, Iran’s and Russia’s Gold-Backed Stablecoin, UK Sentences Four to 15 Years in Prison Read more »Sign up for e-EUR – the progressive…
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