Crypto News
The Legal and Compliance Team at FTX allegedly resigned
Shortly after Binance announced that it was terminating the acquisition agreement, the legal team reportedly left. Following news that the majority of…
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Sam Bankman-Fried, the CEO of FTX, reportedly requests $8 billion emergency funding from investors
Sam Bankman-Fried, the CEO of FTX, reportedly requested emergency funding from investors on a November 9 investor call to cover an $8…
Crypto News
Sequoia Capital claims that its FTX investment is now worthless
Sequoia Capital, a leading venture capital firm, stated in a letter to its limited partners that the value of all its investments…
Crypto News
Binance stops pursuing the acquisition of FTX exchange
Binance CEO Changpeng Zhao has backed out of acquiring the bankrupt FTX exchange. Zhao provided numerous reasons to support his decision to…
Crypto News
The US Justice Department joins the SEC in its investigation of FTX
The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are collaborating to investigate FTX’s subsidiary in the United States.…
Market News
Binance could control more than 80% of the global crypto market if it fully acquires FTX exchange
Research has shown that the deal to acquire FTX might benefit Binance much more than just gaining a sizable portion of the…
Market News
Lack of FTX buyer would leave “giant hole” in crypto markets, claims Circle CEO
According to Circle CEO Jeremy Allaire in an appearance on CNBC on Wednesday, the collapse of FTX was “sort of a shock”…
Market News
Binance’s acquisition of FTX.com throws the market into disarray
The consequences of Binance’s acquisition of FTX shook the crypto market in general, and FTX-backed crypto in particular. The crypto market is…
Crypto News
Some Crypto Exchanges Already Secretly Insolvent, says Bankman-Fried on June 28, 2022
According to Forbes, after bailing out shaky digital currency platforms BlockFi and Voyager Digital, Sam Bankman-Fried, the 30-year-old billionaire creator of FTX,…
Crypto News
FTX’s FTT token drops following Binance controversy
The price of FTX’s FTT token, a cryptocurrency, has dropped significantly over the last hour. According to data from CoinMarketCap, the token’s…
Market News
Binance to sell FTX token holdings amid questions over trading arm Alameda finances
CZ said Binance will liquidate its remaining FTT tokens issued by the second-largest crypto exchange FTX on November 6. This decision comes after CoinDesk reported November…
Market News
FTX CEO Bankman-Fried says their strength was unnecessary in Musk’s vision for Twitter
According to Bankman-Fried or SBF, their strength was unnecessary in Musk’s vision for Twitter. SBF, the CEO of the FTX exchange, explained…