When FTX raised $420 million from investors in October 2021, $300 million of that amount reportedly went to the cryptocurrency exchange’s then-CEO Sam Bankman-Fried. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Elizabeth Holmes, one of Silicon Valley’s most celebrated and subsequently vilified startup founders, has been sentenced to 135 months, or more than 11 years, in prison for defrauding investors out of hundreds of millions of dollars. Get the Full Story Complete the form to unlock...
Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday (Nov. 18) in a tweet that cryptocurrency has no use and is just a device for speculators. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Raja Krishnamoorthi, chairman of the House Oversight Committee’s Subcommittee on Economic and Consumer Policy, has requested FTX turn over documents and information as part of its investigation into the crypto exchange’s collapse, Bloomberg reported on Friday (Nov. 17). Get the Full Story Complete the form...
Hong Kong-based cryptocurrency retail service provider Genesis Block has reportedly ceased trading, asked its customers to withdraw their funds and told them it would close its over-the-counter (OTC) trading portal on Dec. 10. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Around the world, FinTechs that enable their customers to invest or trade in crypto assets are reassuring their customers after cryptocurrency exchange FTX filed for bankruptcy last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Whistleblowers who report wrongdoing in the cryptocurrency industry will be performing a valuable service and will be eligible to receive a substantial reward, a Commodity Futures Trading Commission (CFTC) commissioner reportedly said. Get the Full Story Complete the form to unlock this article and enjoy...
FTX’s meltdown and crypto’s whipsaw gyrations continue to shake retail investors, many of whom will be wiped out. Institutional investors are shying away from the space, writing down their FTX investments to zero. Hackers have siphoned hundreds of millions of dollars from the paralyzed exchange....
By most accounts, Sam Bankman-Fried (SBF), the ex-CEO of what only weeks ago was the third largest crypto exchange in the world, has precipitated a moment in the cryptocurrency industry comparable to 2008’s financial crisis. Get the Full Story Complete the form to unlock this...
