Tag: FTX
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Binance hires Mazars to verify its cryptocurrency reserves
Mazars, a global audit, accounting and consulting group, was hired by Binance. We tell you why! Crypto exchange Binance has appointed accounting giant Mazars to verify its cryptocurrency reserves. Since the collapse of FTX caused a greater demand for transparency from exchanges. Either way, while the FTX crash forced exchanges to be more transparent to…
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The founder of FTX speaks clearly: “I have had a very bad month”
Sam Bankman-Fried, founder of FTX, has spoken publicly and uncensored about everything that happened with his crypto company. On very few occasions, a founder in the middle of a serious crisis shows up before the media. He has been through the unthinkable. A founder of a startup at the center of the hurricane of the…
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BlockFi says it’s the antithesis of FTX!
BlockFi tells US bankruptcy court that it is “the antithesis of FTX.” We explain their allegations! Lawyers for BlockFi, another victim of the FTX collapse, made their appearance in US bankruptcy court. Emphasizing that the United States crypto lender was “the antithesis of FTX.” And that you would seek to return customer funds as quickly…
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Lawrence Wong vows to improve the process, after FTX collapse!
Singapore Deputy Prime Minister Lawrence Wong Calls FTX’s Loss ‘Disappointing’, Is His Position in Jeopardy? The Deputy Prime Minister of the Republic of Singapore since 2019, Lawrence Wong, said on Wednesday that the state’s sovereign wealth fund, Temasek Holdings, has launched an internal review of its investment in FTX, now bankrupt. Temasek had invested some…
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The FTX Hackers
The hackers who stole over $600 million from FTX continue to mobilize the stolen funds. According to records in the Blockchain, the hackers responsible for the millionaire hack of FTX in November continue to mobilize the assets. The group of hackers who stole more than $600 million from the FTX and FTX USA cryptocurrency exchange…
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The US Congress will hear from FTX on December 13
The US House Committee on Financial Services has set a date for a hearing on the FTX collapse. The meeting will take place on December 13 of this year. Following the fall of FTX, the urgent need for legislation has never been greater. @FSCDems anticipated this need & have already been working for several months…
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BlockFi bankruptcy
BlockFi, another crypto firm filing for bankruptcy after the FTX disaster
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Binance creates a donation committee for politicians, will it follow in the footsteps of FTX?
Binance could raise and donate money to candidates, as FTX did with its Political Action Committees. As a pair of senators call on the US Department of Justice (DOJ) to open a criminal investigation into what they call FTX’s “fraudulent tactics”, the US arm of the Binance exchange is creating its own Political Action Committee…
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FTX: These are the 4 highlights of the bankruptcy process so far
This week the bankruptcy process of the Sam Bankman-Fried FTX exchange began in Delaware, which will probably mark the cryptocurrency market for some time. No one expected it to reach this point, mainly because FTX was now considered the benchmark capable of saving the cryptocurrency industry from the disasters that followed this year, with the…
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An FTX lawyer assures that a large part of its assets have been stolen
At the first court hearing after FTX filed for bankruptcy, one of the firm’s lawyers claimed that a “considerable amount” of the company’s assets had been stolen. Bad news for FTX’s creditors: they are less and less likely to get their funds back. That was implied by one of the cryptocurrency exchange’s lawyers, who claimed…
