More than six governmental regulatory bodies, including the U.S. SEC, CFTC, DOJ, California and other municipal governments in the US, the Bahamas, and the Japanese Financial Services Agency, have stated that they are looking into FTX occurrences. The Bahamas Securities Commission freezes FTX’s assets According to a statement released by the Bahamas Securities Commission on Thursday, the…
Bitcoin.com is throwing a lifeline to folks burned by the recent wave of crypto exchange flops, rolling out a new program to cushion the blow from centralized giants like FTX, BlockFi, Celsius, and Voyager going bust. Dubbed the CEX Education Program, it’s dishing out compensation to victims who sign up at getverse.com—while giving a big…
Amid the recent FTX crypto company bankruptcy troubles, Bybit reportedly hopes to rescue FTX by offering relief funds to cater to the employees affected. Employees who have lost by a specific threshold can apply and will receive a certain amount monthly for the following year. Bybit lends a hand to FTX employees According to reports…
According to the latest reports, Sam Bankman’s bankrupt exchange (FTX) is presumed to have held serum assets worth $2 billion. Moreover, his organization accumulated $900 million in liquid assets. Sam Bankman’s exchange continues its drama Amid FTX’s crucial drownings and surprise to its users, investments components reports suggest that Sam Bankman Fried’s trading exchange had…
After it was claimed that El Salvador’s president, Nayib Bukele, was holding part of the country’s Bitcoin on the FTX cryptocurrency exchange, Changpeng Zhao (CZ), the CEO of Binance, seemed to update the crypto community on the purported rumors. After billionaire Mike Novogratz, a proponent of the Terra (LUNA) ecosystem before its collapse, said during…
FTX, Alameda, and 130 affiliated companies have commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Sam Bankman-Fried has resigned from his role as Chief Executive Officer. FTX files for bankruptcy as SBF resigns Striving Crypto Exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda…
According to recent reports, FTX has spoken to American crypto exchange Kraken about a possible rescue arrangement. However, FTX and Kraken declined to comment, citing the ambiguity of the talks’ specifics and their potential for success or failure. The details emerged in public after Binance backed out Binance, already a sizable investor in FTX, was visited by…
Binance is backing out of its plans to acquire FTX, the company said Wednesday, leaving Sam Bankman-Fried’s crypto empire on the verge of collapse. The reversal comes one day after Binance CEO Changpeng Zhao announced that the world’s largest cryptocurrency firm had reached a nonbinding deal to buy FTX’s non-U.S. businesses for an undisclosed amount, rescuing…
