Sam Bankman Fried, the son of Two Stanford professors and the ex-CEO of FTX exchange, painted himself as the Robin Hood of crypto. SBF’s motto was effective altruism, but in…
Binance CEO Changpeng Zhao warns about the “cascading effects” following FTX’s collapse on a recent conference in India as reported by Financial Times. CZ believes that the full impact of…
Summary: FTX has filed for bankruptcy after pausing withdrawals earlier. The chapter 11 bankruptcy filing includes FTX US, Alameda, and around 130 other affiliated entities. Founder and CEO Sam Bankman-Fried…
Summary: FTX stands to lose its crypto license issued by financial regulators in Cyprus, Bloomberg said on Friday. The license allowed Sam Bankman-Fried’s exchange digital asset services across European markets…
Summary: Sam Bankman-Fried posted a 15-tweet thread apologizing to users and investors alike. The former crypto billionaire also claimed that FTX U.S. users are fine despite turbulence linked to the…
Summary: Tron DAO Reserve tweeted plans to scoop up $1 billion USDT, crypto’s largest stablecoin token issued by Tether. The Justin Sun-backed decentralized autonomous organization upped its USDT deployment from…
Tron founder Justin Sun tweeted that a solution was being put together with FTX to “initiate a path forward.” He did not offer any more details and analysts are skeptical…
Senator Warren has called for a strict regulatory framework to be established in the crypto industry. Coinbase’s Brian Armstrong and Ripple CEO Brad Garlinghouse have also blamed a lack of…
The SEC has expanded its investigation into the dealings of troubled crypto exchange FTX. The regulator believes that some assets on FTX may qualify as securities. SEC officials have contacted…
Changpeng Zhao, CEO of Binance, shared how user confidence in the sector has declined as a result of the near collapse of FTX. CZ later added that Binance’s acquisition of…
Summary: Changpeng Zhao’s Binance may pull out of the deal to buy FTX, CoinDesk reported citing sources close to the matter. Zhao previously said the acquisition was “non-binding” and subject…
Summary: Contagion from FTX insolvency and FTT price crash spread to financial services giant Galaxy Digital. The company’s Q3 2022 earnings report showed exposure to the troubled crypto exchange launched…
On-chain data shows some unusual transactions relating to FTT. Some analysts say the nature of these could indicate that FTX bailed Alameda out. The basic premise of the speculation is…
Summary: State-backed venture capital fund Temasek entered talks with FTX, the crypto exchange led by Sam Bankman-Fried that is possibly insolvent following recent developments Temasek was an investor in SBF’s…
Coinbase CEO Brian Armstrong clarifies that the exchange has no material exposure to FTX, FTT, or Alameda. FTX is now owned by Binance, one of the largest cryptocurrency exchanges in…
