Genesis & Huobi Forced to Cut Workforce as Market Struggles

According to a company representative, Genesis Global Trading laid-off employees on Thursday. Derar Islim, the interim CEO, stated publicly prior to the announcement that the company needs more time to find an appropriate solution to its current problems. 30% of…

Mister Wonderful Says Binance and FTX Were at War

Kevin O’Leary, a popular Canadian businessman, said that Binance is at fault for the collapse of FTX. This was part of Kevin’s statement when he appeared to testify at a Dec 14 US Senate Committee hearing about FTX’s implosion. Below…

Embattled FTX Founder Reportedly Cashes out $684K Shortly After Bail Release

According to on-chain data, FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail. Violation of Bail Terms? According to the on-chain investigation by DeFi educator BowTiedIguana, SBF cashed out $684,000 in…

Crypto Twitter Is Bewildered By SBF’s $250M Bail and Return to Riches.

Crypto Twitter appears to be upset with Sam Bankman-Fried’s $250 million bail bond, which allows him to spend Christmas in his parents’ Palo Alto home without paying a single dime. The former FTX CEO arrived in New York from the…

FTX’s Sam Bankman-Fried Finally Extradited to the US to Face Criminal Charges

A plane carrying Sam Bankman-Fried, the former CEO of FTX, has arrived in the United States from the Bahamas, where he is facing fraud charges related to the collapse of the crypto exchange, which wiped out billions in valuations. Wednesday…

FTX Fallout Affecting Sports Sponsorships

4 Billion people all over the world watched the world cup final on Sunday for the love of the sport The pomp and color made for a great showing as fans screamed their lungs out every time Lionel Messi or…

BlockFi Petitions the U.S. Bankruptcy Court to Let Clients Withdraw From Blocked Accounts

BlockFi, the bankrupt cryptocurrency lender, has petitioned the United States Bankruptcy Court to allow clients to withdraw cryptocurrencies held in their BlockFi Wallet Accounts. Step Closer to Client Refunds This request has no effect on withdrawals or transfers from BlockFi…

Democrats Want to Return Over $1 million of SBF’s Donations to FTX Victims

Three well-known Democratic organizations have resolved to return over $1 million to investors who lost their money as a result of misappropriation following the arrest of former FTX CEO Sam Bankman-Fried (SBF). FTX’s Campaign Contributions After the businessman was charged…

Billionaire Investor Mike Novogratz Says Not All Crypto Exchanges Are Criminal Like FTX

According to Mike Novogratz, CEO of the cryptocurrency investment firm Galaxy Digital, not all cryptocurrency exchanges are run like the now-defunct FTX. Novogratz stated that not all cryptocurrency platform managers are out to steal users’ money in an interview with…

Bahamian Securities Regulator Chastises FTX CEO For Making Misstatements

The Bahamas Securities Commission has chastised FTX’s new CEO for his comments about the ongoing investigation into the bankrupt cryptocurrency exchange. The Bahaman regulator, in a press release did not directly address the specific statement of John J. Ray III…

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