Browsing:FTX

SBF founder of FTX exchange
2 years ago 1 min read

FTX founder SBF reveals why FTX is yet to list Cardano

FTX’s founder challenged people who believe he is lying to wager on whether FTX would list Spot ADA within the next three months. According to SBF, FTX International currently lists ADA perpetual contracts, and adding spot ADA is on the exchange’s agenda. SBF made the statement in response to a Cardano investor who claimed that FTX refused to list the digital asset because it is “a danger to everything they want to control.” According to Bankman-Fried, the exchange did not purposefully avoid listing ADA. In addition, he stated that the exchange did not offer the token because it was easier

FTX crypto exchange
2 years ago 1 min read

FTX will compensate phishing victims with a ‘one-time’ $6 million payment

According to FTX creator Sam Bankman-Fried, the exchange will not “make a habit of rewarding” users who have been “phished by phony versions of other enterprises.” FTX crypto exchange said it will compensate victims of a phishing scam that allowed hackers to perform unauthorized trades on select FTX users’ accounts. On Oct. 23, FTX founder and CEO Sam Bankman-Fried stated in a Twitter thread that the exchange typically does not provide compensation to users “phished by phony copies of other organizations in the space,” but that in this situation, it would. Bankman-Fried stated that this was a “one-time incident” and

Crypto Community Slams FTX CEO Over Proposed Centralized Industry Standards
2 years ago 1 min read

SBF, the CEO of FTX, releases a draft that proposes cryptocurrency regulation

The CEO of the FTX crypto firm, Sam Bankman-Fried, has issued a document containing a draft of a set of standards that might be implemented in the crypto industry. The “Possible Digital Asset Industry Standards” document aims to provide clarity and protect clients while complete federal regulatory regimes are developed. Bankman-Fried moved to Twitter to let his followers know that he had sent the document as promised. The document provides an outline of sanctions compliance on blockchain platforms; what must be done if a hack occurs; who must be held accountable; and, most significantly, how to avoid scams and protect

Texas investigates FTX for securities violations after objecting to Voyager auction
2 years ago 1 min read

Texas objects to the Voyager auction and launches an investigation into FTX for security laws

Using his own information, the Texas State Securities Board enforcement director downloaded an FTX trading app (not an FTX US app) and was able to earn interest on it. In a supplemental declaration submitted on October 14 in the Voyager Digital case, the Texas State Securities Board, or SSB, and the Texas Department of Banking stated that the SSB is looking into FTX Trading, FTX US, and their principals, including co-founder and CEO Sam Bankman-Fried, for allegedly offering unregistered securities in the United States. This comes as FTX US prevailed in the auction for the last of the Voyager Digital

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