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SBF's legal battle still has "a lot to play out," according to legal commentators
15.12.2022
Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years
Bitcoin Santa Claus rally, unlikely according to on-chain and derivatives data
15.12.2022
Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
15.12.2022
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people
Rodents and Lack of Toilets Reported at Bahamas Detention Center Where Sam Bankman-Fried Is Being Held
15.12.2022
Fox Hill, the Bahamas detention facility where former FTX CEO Sam Bankman-Fried is held, is known for overcrowding, a lack of toilets, and generally harsh conditions.
Bankman-Fried spent the night at the prison on Wednesday, after appearing in court in the Bahamas on Tuesday. During the court...
Shark Tank Star Kevin O’Leary Slams Binance, Says the Exchange Caused FTX to Collapse on Purpose
15.12.2022
Well-known Shark Tank investor Kevin O’Leary slammed Binance in comments given during a Senate hearing on Wednesday, saying a “war” between FTX and Binance ultimately caused FTX’s collapse.
During the hearing, Kevin O’Leary said Binance and FTX were “at war with each other and one put the other...
Time for Serious Global Crypto Regulation, Germany Says
15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...
Kevin O’Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It
15.12.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake...
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried
15.12.2022
Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research
Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape
15.12.2022
Tom Emmer is considering reintroducing a bill that removes the requirement for entities to be registered as money transmitters if they don’t handle customer assets
FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF
15.12.2022
A former FTX employee has revealed details regarding the lavish expenditures of the exchange as well as its intense company culture
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....
SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept
14.12.2022
Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents."
Binance 'put FTX out of business' — Kevin O'Leary
14.12.2022
A US Senate committee heard details of the investor's conversations with Sam Bankman Fried before the collapse
Senate FTX hearing: calls for regulation and crypto criticisms aplenty
14.12.2022
"Short of enacting draconian authoritarian policies, cryptocurrency cannot be stopped," said Senator Pat T
SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’
14.12.2022
On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents...
Will FTX’s ill wind reach the Global South? Maybe not
14.12.2022
In Latin America, "crypto is functional, it has a real utility." It can hedge inflation, provide access to dollars and internationalize wealth
Alameda had 'unfair' trading advantage, special access to FTX funds: CFTC filing
14.12.2022
CFTC court filing outlines a murky relationship between FTX and Alameda Research, highlighting the latter’s unfair trading advantage and misappropriation of user funds
Binance Sees Over $3 Billion in Customer Withdrawals in 24 Hours – Here’s What’s Happening
14.12.2022
Binance, the world's largest cryptocurrency exchange, has seen more than $3 billion of net withdrawals over the past day as rumors about alleged problems at the platform spread like wildfire.
According to DeFi TVL aggregator DefiLlama, Binance saw over $4 billion in withdrawals on Tuesday. Prior...
Sam Bankman-Fried Has Bail Denied, Remains in Custody of Bahamian Department of Corrections
14.12.2022
Sam Bankman-Fried, the disgraced founder and former CEO of cryptocurrency exchange FTX, has been denied bail by a judge in the Bahamas.
On Tuesday, a Bahamian judge denied SBF bail hours after U.S. prosecutors alleged the crypto boss defrauded customers, misappropriated billions of dollars,...
New FTX CEO: $1 Billion Worth of Assets Have Been Recovered – This is What You Need to Know
14.12.2022
John Ray III, the new CEO of collapsed crypto exchange FTX, has revealed that the new leadership has managed to recover $1 billion worth of assets.
On Tuesday, Ray, a bankruptcy expert who previously oversaw the aftermath of the collapsed energy giant Enron, testified with the US House Committee...