FTX

FTX Unearths More Than $5B in Cash and Assets

FTX Unearths More Than $5B in Cash and Assets
FTX Unearths More Than $5B in Cash and Assets
January 11, 2023  |  Cryptocurrency

FTX has found more than $5 billion in cash and liquid assets, company attorneys said. In a hearing Wednesday (Jan. 11) in U.S. Bankruptcy Court...

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Blue Chip FTX Crypto Investors Face Probe Into Sloppy Due Diligence
Blue Chip FTX Crypto Investors Face Probe Into Sloppy Due Diligence
January 11, 2023  |  Cryptocurrency

The U.S. Securities and Exchange Commission (SEC) is reportedly investigating FTX investors’ due diligence approach. This, as high-profile investors who gave the bankrupt crypto exchange...

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High-Profile FTX Shareholders’ Investments Likely Worthless 
High-Profile FTX Shareholders’ Investments Likely Worthless 
January 10, 2023  |  Cryptocurrency

Tom Brady is reportedly among the customers and shareholders likely to lose money in the FTX collapse. The NFL star and his supermodel wife Gisele...

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As Crypto Contagion Spurs Coinbase Layoffs, Bitcoin is Remarkably Steady
As Crypto Contagion Spurs Coinbase Layoffs, Bitcoin is Remarkably Steady
January 10, 2023  |  Bitcoin

As the crypto industry contagion continues to spread and add casualties, bitcoin is conversely looking steady. Bitcoin, the first and most widely recognized virtual currency,...

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FTX Court Filings Highlight Key Crypto Industry Risk Management Lessons
FTX Court Filings Highlight Key Crypto Industry Risk Management Lessons
January 09, 2023  |  Cryptocurrency

The FTX collapse provides a master class in caveat-emptor crypto industry risk management and accounting failures. This, as court documents confirm that the world’s one-time...

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Justice Department Wants to Hear From Possible Victims in Bankman-Fried Case
Justice Department Wants to Hear From Possible Victims in Bankman-Fried Case
January 09, 2023  |  Cryptocurrency

U.S. prosecutors want to hear from anyone who thinks they’ve been defrauded by Sam Bankman-Fried. The U.S. Attorney’s Office for the Southern District of New...

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Report: Binance Hemorrhages $12B in Under 2 Months
Report: Binance Hemorrhages $12B in Under 2 Months
January 09, 2023  |  Cryptocurrency

Cryptocurrency exchange Binance’s losses following rival FTX’s collapse are reportedly worse than its CEO suggested. That’s according to an analysis Monday (Jan. 9) by Forbes,...

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France’s Market Regulator Aims to Speed Mandatory Licensing of Crypto Services
France’s Market Regulator Aims to Speed Mandatory Licensing of Crypto Services
January 09, 2023  |  Cryptocurrency

France’s market regulator wants to accelerate the mandatory licensing of cryptocurrency service providers. Marie-Anne Barbat-Layani, the head of the Autorite des Marches Financiers (AMF), said...

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