Tag: Sam Bankman

  • The founder of FTX speaks clearly: “I have had a very bad month”

    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 […]

  • Binance creates a donation committee for politicians, will it follow in the footsteps of FTX?

    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 […]

  • FTX: These are the 4 highlights of the bankruptcy process so far

    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 […]

  • An FTX lawyer assures that a large part of its assets have been stolen

    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 […]

  • FTX: This is what happened to the fallen crypto giant

    FTX: This is what happened to the fallen crypto giant

    The failure of FTX has left a deep groove in the cryptocurrency market. Investor doubts about the sector had already risen after the implosion of the TerraUSD stablecoin and its related LUNA token, followed by the bankruptcies of digital currency lender Celsius, Digital Voyager exchange, and hedge fund Three Arrows Capital. The wound inflicted by […]

  • Cryptocurrency crack

    Cryptocurrency crack

    Cryptocurrencies in decline. The great fall and crack of cryptocurrencies. The market fears the bankruptcy of Genesis Sales on the cryptocurrency market do not stop. Bitcoin plunges below $16,000, hitting a new low of $15,500 on reports that crypto lender Genesis is about to file for bankruptcy, following the fate of Sam Bankman-Fried’s FTX. The […]

  • 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 […]