Search Results for: bankruptcy protection

Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians

par

Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such…

Crypto Exchange Bitfront s'arrête en raison des défis de l'industrie

par

Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. Les Etats Unis. Plateforme d'échanges, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported…

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

par

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…

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

par

Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that…

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

par

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…

FTX Execs Gave $70 Million to Both Democrats and Republicans Heading Into the 2022 US Midterms

par

After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cycle leading up to the U.S. midterms in 2022, rapports…

Australia Suspends Financial Services License of Local FTX Entity

par

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…

Le régulateur des Bahamas nomme l'auditeur des «quatre grands» PWC en tant que liquidateur provisoire conjoint de FTX

par

On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude”…

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

par

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…

Bitget Prepares 5 Million USD Builders Fund to Help Users Distressed by FTX Collapse

par

COMMUNIQUÉ DE PRESSE. Nov 14th, 2022 – Leading global cryptocurrency exchange Bitget announces that it has set aside a 5 Million USD worth of Builders’ Fund, aiming to help those affiliates, influencers and professional traders who are distressed by the FTX collapse….