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…
SBF Wants to Start New Business to Repay Aggrieved FTX Investors
With over a million FTX creditors owed up to $50 billion, FTX’s former CEO has expressed interest in starting a business to repay them all. Repaying Aggrieved Customers The founder and former CEO of the bankrupt cryptocurrency exchange FTX have…
Paxful CEO Promotes Self-custody and Warns Against Crypto Exchanges
While some executives chose to double down on ensuring the security of funds on their platforms, Ray Youssef, CEO of crypto exchange Paxful, backed the idea of self-custody. Case For Self-custody The case for self-custody strengthens as investors demand proof…
Crypto Firm Amber Group Ends $25M Chelsea Deal Due to Bearish Conditions.
The bearish trend in the cryptocurrency market is precipitating job losses and biting cash crunches. The overall decline is affecting crypto assets and firms in various ways. Following the demise of the FTX crypto exchange, many individual and institutional investors…
Canadian Billionaire Kevin O’Leary Reveals $15M Payment to Become FTX Spokesman
Canadian business person, Shark Tank judge, and contributor to CNBC Kevin O’Leary admits he lost a $15 million payment made to him by FTX. In an interview with CNBC, he disclosed that the now-defunct cryptocurrency exchange FTX had paid him…
FTX Was Lining Up $100M Liverpool and Manchester United Sponsorship Deals
According to sources, Sam Bankman-Fried’s FTX exchange held discussions earlier this year about sponsoring Manchester United and Liverpool of the English Premier League. FTX’s Broad Ambitions Those conversations highlight how eager the now-bankrupt corporation was to spend a sizable quantity…
Amber Group Denies Insolvency Allegations
There may still be a spread of FTX’s collapse contagion. The crypto trading and asset management company Amber Group, according to on-chain expert Lookonchain, appears to be on the verge of bankruptcy. Only $11.1M In Assets Amber boasts on its…
FTX Founder to Appear In Congress After Congresswoman Maxine Water’s Request
The founder of FTX has said he will eventually testify before a congressional panel looking into his business. Financial Services Committee Hearing Sam Bankman-Fried responded to Rep. Maxine Waters’ request to come before the House Financial Services Committee on December…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
