The new FTX management has located $1B in assets, including $720M cash
Poor record keeping is making the unwinding of the collapse FTX exchange difficult. The new FTX management is trying to trace millions of dollars from several bank accounts. So far,…
FTX collapse hearing: Kevin O’Leary says Binance caused the FTX implosion
Investor Kevin O’Leary is a hired FTX spokesperson in the ongoing FTX hearing. O’Leary has asserted that Binance was behind the collapse of FTX. Kevin however told the committee that…
FTX seeking to auction its functioning businesses including LedgerX
FTX lawyers are seeking permission from a US bankruptcy court to be allowed to sell their businesses. The businesses that FTX seek to auction were only acquired recently. FTX wants…
US Senator Toomey on FTX and SBF: ‘the code committed no crime’
FTX filed for bankruptcy in November and Senator Patrick Toomey says Congress should move to provide regulatory clarity on crypto, adding that FTX’s collapse has nothing to do with cryptocurrency.…
Bitcoin shrimps defy FTX implosion to add a record BTC to their holdings
Bitcoin price plummeting after FTX’s implosion in November provided shrimps – people with less than 1 BTC an opportunity to add to their balances at low prices. According to new…
FTX to File for Bankruptcy as Metacade (MCADE) is Set to Skyrocket in Presale
Crypto markets were shaken to the core by the recent news that the world’s second-largest crypto exchange FTX was to file for bankruptcy in US courts. An $8 billion black…
Testimony from the new FTX CEO John J Ray III is false, says Sam Bankman-Fried
SBF claims that some of the testimony made by John J Ray III were false. The former FTX CEO said the new team in charge didn’t communicate with him about…
A net flow of 200,000 bitcoins leaves exchanges following FTX collapse, as trust broken
Key Takeaways Exchanges balances are lower by nearly 200,000 bitcoins compared to pre-FTX, as customers have lost all trust in exchanges This trumps the Celsius insolvency of June, where 128,000…
GMX benefits from FTX collapse and breaks from consolidation. Should you buy it?
GMX token has more than doubled in price The DEX has witnessed increased activity in November GMX broke from consolidation and is a buy on a retracement GMX token (GMX/USD)…
FTX hacker may be a former employee, says Sam Bankman-Fried
Ex-FTX CEO Sam Bankman-Fried said the exchange’s hacker might be a former employee. The crypto exchange lost $650 million in a hack a few hours after it filed for bankruptcy.…