Tag: Sam Bankman

  • FTX: Over $3 Billion in Exposure from Lenders

    FTX: Over $3 Billion in Exposure from Lenders

    FTX’s bankruptcy proceedings begin with disturbing news: The top 50 creditors of Sam Bankman-Fried’s companies have more than $3 billion in claims. Among these there are two who are entitled to more than 200 million dollars, while the others have assets of more than 20 million dollars. Customer names have been withheld for now, and…

  • “Get out of all markets”: the alarming recommendation made by this Bitcoin specialist

    “Get out of all markets”: the alarming recommendation made by this Bitcoin specialist

    Despite the fall of FTX, other factors torment the price of Bitcoin according to this crypto specialist The price of Bitcoin (BTC) has fallen sharply in recent days due to the news that the FTX exchange filed for bankruptcy and its value is at a floor of USD 16,000. Although the day of this Sunday,…

  • Is it convenient to buy Bitcoins right now?

    Is it convenient to buy Bitcoins right now?

    Bitcoin continues to lose ground in the cryptocurrency market, still reeling from the failure of FTX. In just over a week, the leading digital currency has lost around 20% of its value from a price of $21,000. A series of tragic financial events in 2022 helped plunge the price, which just a year ago had…

  • Cryptocurrencies: FTX Fault Infects Genesis and Gemini. Withdrawals Blocked

    Cryptocurrencies: FTX Fault Infects Genesis and Gemini. Withdrawals Blocked

    The contagion of the FTX bankruptcy does not stop and now also involves the cryptocurrency lender Genesis Trading. The New York-based company halted the recalls due to “unprecedented market turbulence,” he said. The bankruptcy filing of the Sam Bankman-Fried group resulted in “abnormal withdrawal requests that exceeded current liquidity,” Genesis said in a statement. The…

  • Who are Cameron and Tyler Winklevoss, the Gemini twins?

    Who are Cameron and Tyler Winklevoss, the Gemini twins?

    In addition to causing great embarrassment in the Democratic Party that supported him and in the media that received large donations, the bankruptcy of FTX, the mega-platform of young billionaire Sam Bankman-Fried, has unleashed a domino effect that involves all its partner decentralized companies. . , including the Gemini Earn of twins Cameron and Tyler…

  • Nouriel Roubini warns about cryptocurrencies

    Nouriel Roubini warns about cryptocurrencies

    “Totally Corrupt”: Popular Economist Nouriel Roubini Fiercely Attacked the Crypto Ecosystem

  • FTX Bankruptcy Trustees Can’t Find Firm’s Cryptocurrencies

    FTX Bankruptcy Trustees Can’t Find Firm’s Cryptocurrencies

    The advisers assigned to carry out the bankruptcy proceedings of FTX have found only a fraction of the company’s cryptocurrencies. Harsh criticism of Sam Bankman-Fried from the new CEO of the exchange.

  • Binance Launches Recovery Fund to Avoid Sector Apocalypse

    Binance Launches Recovery Fund to Avoid Sector Apocalypse

    The Binance CEO has announced the creation of a recovery fund to “help projects that are solid but in a liquidity crisis.” The objective is to prevent a domino effect derived from the bankruptcy of FTX, which filed for bankruptcy last Friday. To reduce further cascading negative effects of FTX, Binance is forming an industry…

  • FTX officially files for bankruptcy

    FTX officially files for bankruptcy

    Less than a week after being embroiled in a liquidity crisis, FTX filed for bankruptcy. Additionally, Sam Bankman-Fried resigned as CEO. The FTX debacle adds a new chapter. The cryptocurrency exchange has filed for bankruptcy in the United States, less than a week after being embroiled in a scandal over a liquidity crisis. Additionally, Sam…

  • What happens to your cryptocurrencies if the entity where you keep them goes bankrupt?

    What happens to your cryptocurrencies if the entity where you keep them goes bankrupt?

    “If something can go wrong, it will go wrong”. It is one of the best known formulations of Murphy’s Law, a paradigm of pessimism, and it perfectly represents how the year 2022 is unfolding for the world of cryptocurrencies. Just a year ago, the global cryptocurrency market accumulated a capitalization of almost 3 trillion dollars…