FTX
Description
FTX is a cryptocurrency exchange built by traders, for traders.
FTX’s leveraged tokens provide a clean, automated way for users to get leverage. The BULL and BEAR tokens automatically manage their exposure, rebalancing daily to maintain their target leverage and prevent liquidations.
FTX is a cryptocurrency exchange built by traders, for traders.
FTX’s leveraged tokens provide a clean, automated way for users to get leverage. The BULL and BEAR tokens automatically manage their exposure, rebalancing daily to maintain their target leverage and prevent liquidations.
The Bahamas Regulator Denies Requesting FTX To Manufacture New Tokens
The allegations made by FTX debtors have been rejected by the Securities Commission of The Bahamas (SCB), which also expresses worry over the fact that the inquiry has been hampered. The Securities and Exchange Commission (SCB) had to issue a statement on January 3 clarifying that it had to address significant misstatements made by John J. Ray III. According to the attorneys for FTX, the government of the Bahamas is said to have demanded that Sam Bankman-Fried, the former CEO of FTX, launch a new cryptocurrency that would be controlled by local authorities.
Alameda Research Problems Precede FTX For Sam Bankman-Fried
Alameda lost over two-thirds of its assets owing to the XRP token price drop and was close to bankruptcy. Sam Bankman-Fried allegedly saved the trading company by promising lenders and investors 20% profits. Alameda funded his failed trading company by sponsoring the first Binance Blockchain Week conference in January 2019.
Non-US FTX Customers Want Bankruptcy Files Suppressed
A group of non-U.S. FTX customers wants court records to redact their identities and sensitive information. FTX.com's $1.9 billion frozen assets are represented by the Ad Hoc Committee. On December 12, the U.S. Trustee objected to the initial motion.
Investors Sell FTX, Celsius, BlockFi, Voyager
A number of investors who lost money as a result of the recent failures of FTX, Celsius, BlockFi, and Voyager Digital are considering transferring their claims to other parties. Nearly 10,000 claims were posted at the time this article was written, including 9,072 claims on Celsius Network, 93 claims on Voyager, 67 claims on FTX, and 23 claims on BlockFi. It has been alleged that former FTX CEO Sam Bankman-Fried has cashed out a total of $684,000 since he was released on bail.
Bankman-Fried May Plead Next Week Before Judge Lewis Kaplan In NY Federal Court
Former FTX CEO Sam Bankman-Fried will appear in court on January 3. He faces two wire fraud charges and six conspiracy charges for the FTX bitcoin exchange crash. His close circle at FTX and Alameda Research pled guilty and cooperated.
Thai SEC Will Strengthen Crypto Regulations And Safeguard Investors
Thailand joins the list of nations rethinking crypto legislation. It will strengthen industry rules and safeguard investors. Crypto advertising tendencies worried authorities. The digital asset business was "vulnerable" and needed control.
Bankruptcy Threatens $75M In FTX Political Contributions
The collapsed exchange's creditors may demand $73 million in political contributions. Many politicians who received FTX's largesse are now at a loss. Bankruptcy attorneys call campaign finance recovery "a difficult and protracted procedure".
SBF's Dark Money Contributions Prompted FEC Investigation
A watchdog wants Sam Bankman-political Fried's contributions investigated. The former FTX CEO acknowledged to illegally giving millions to Republicans. CREW filed the FEC complaint on December 8.
Caroline Ellison hires former top SEC crypto regulator
A former top crypto regulator will defend former Alameda Research CEO Caroline Ellison in a federal inquiry. WilmerHale Securities and Financial Services chair Stephanie Avakian. She enhanced cryptocurrency monitoring as SEC Enforcement Division director. Federal prosecutors are investigating whether former FTX CEO Sam Bankman-Fried caused Terra ecosystem collapse.
SBF Wishes To Create A Company, Formally Added As Hearing Witness
According to Nov. 14 bankruptcy documents, FTX may have "more than 1 million creditors" and lost $10 billion to $50 billion. FTX's ex-CEO wants to launch a firm to compensate them. On his media apology tour, Bankman-Fried again denied fraud. FTX founder William Bankman-Fried has been confirmed as a witness for the House Committee on Financial Services hearing on Dec. 13. He missed the Dec. 14 Senate Committee hearing on the FTX collapse. The other witness is FTX CEO John Ray.