FTX’s vast web of entities had a total of around $1.24 billion in cash balances as of Nov. 20, according to a new court filing out late Monday.
Category: Crypto
Disgraced FTX boss Sam Bankman-Fried looks distressed as he is seen for the FIRST time since collapse of his $32billion crypto empire at his $40M penthouse hideaway in the Bahamas
The former CEO of crashed crypto exchange FTX was seen anxiously running his hands through his trademark mop of curly dark hair at the end of what appeared to be a 45-minute meeting on the expansive balcony of his $40million penthouse in the Bahamas.
Grayscale, the world’s largest bitcoin fund, refuses to share proof of reserves due to ‘security concerns’
Grayscale, the asset manager running the world’s largest bitcoin fund, said in a statement that it won’t share its proof of reserves with customers.
FTX suggests Bahamas Government ordered fallen crypto CEO Sam Bankman-Fried to hack FTX systems and transfer assets to the island nation after he filed for bankruptcy
The collapsed cryptocurrency exchange platform FTX claims former CEO Sam Bankman-Fried ‘hacked’ its systems after filing for bankruptcy to transfer ‘digital assets’ to Bahamian regulators. FTX lodged the motion in the US Bankruptcy Court…
Lawyer Overseeing FTX Fallout: ‘Never In My Career Have I Seen Such A Complete Failure’
By Ben Zeisloft, DailyWire John Ray III, the lawyer who represented plaintiffs after the collapse of Enron and is now overseeing the bankruptcy proceedings of defunct cryptocurrency exchange FTX, revealed that the company…
Banking giants and New York Fed start 12-week digital dollar pilot
NEW YORK, Nov 15 (Reuters) – Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday. Citigroup Inc ,…
FTX faces criminal probe in Bahamas after company collapses, loses $1 billion in crypto
The cryptocurrency exchange FTX is facing a criminal inquiry in the Bahamas after the company filed for bankruptcy and essentially collapsed last week.