FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated

According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda

Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals

Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX teamto prioritize the preservation of franchise value as best we can in these difficult

Financial Guru Dave Ramsey Weighs in on FTX Collapse — Reiterates His Crypto Warning

Personal finance guru Dave Ramsey has weighed in on the collapse of cryptocurrency exchange FTX. “I told you so,” he repeatedly said, reiterating his long-standing advice that investors should not put money into crypto. Dave Ramsey on Bitcoin, Crypto, et le…

Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’

Ontario TeachersPension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” les…

Australia Suspends Financial Services License of Local FTX Entity

Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate

Onchain Data Reveals Alameda Acquired Specific Tokens a Month Before FTX Listings

According to a report stemming from the blockchain analytics firm Argus, Sam Bankman Fried’s trading firm Alameda Research obtained tokens ahead of FTX.com listings. The report claims that Alameda acquired roughly $60 million worth of tokens before the digital assets were scheduled

Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’

A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct occurred.”

Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud

Ancien États-Unis. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons from the collapse

Fichiers FTX Crypto Exchange en difficulté pour le chapitre 11 Protection contre la faillite, Le PDG démissionne

L'échange cryptographique en difficulté FTX a informé le public que la société mère de FTX, West Realm Shires Services, Recherche Alameda, et environ 130 des sociétés affiliées supplémentaires ont déposé une demande de chapitre 11 protection contre la faillite dans le Delaware. Société mère de FTX, Recherche Alameda, et…

Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million

On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 machines d'extraction de bitcoins depuis le début de l'hiver crypto en juin. Achats Cleanspark…