FTX Debtors Attempt To Seal Corporate Identities to Obfuscate Bankruptcy Proceedings
According to documents filed on Dec. 12, the Debtors of FTX are attempting to obfuscate the bankruptcy hearing by continuing to insist all individual and corporate client identities are sealed unless specifically requested to be revealed.
Sam Bankman-Fried arrested in the Bahamas, expected to be extradited to U.S.
Sam Bankman Fried, founder and former chief executive officer of the bankrupt FTX.com exchange, was arrested and taken into custody by the Royal Bahamas Police on Monday at the request of the U.S. government, Damian Williams, the U.S. attorney for the Southern District of New York, said on Twitter.
Breaking: New FTX CEO John J. Ray Blasts SBF Ahead Of Congressional Hearing
<a href="https://coingape.com/sbf-resigns-john-ray-iii-joins-as-new-ftx-ceo/">John J. Ray III</a>, the official who is responsible for reorganizing the fallen cryptocurrency behemoth FTX informed lawmakers that the catastrophic collapse of the company was due to failings on the part of its former management. The new CEO of FTX has released his prepared remarks ahead of tomorrow’s <a href="https://coingape.com/just-in-sam-bankman-fried-to-testify-before-house-committee-on-december-13/">Congressional hearing</a>, which SBF has confirmed to testify, although virtually.
Former SEC Chairman Calls SBF Handling of FTX “Bad Behavior”
Former U.S. SEC Chairman and American attorney Walter “Jay” Clayton III has condemned how Sam Bankman-Fried, the founder of now-bankrupt exchange FTX, handled the firm. According to Clayton, there was a <i>great deal</i> of bad behavior regarding how SBF handled customer funds from a general perspective.
FTX’s SBF Says He Hopes to Make Money to Pay People Back
Disgraced founder and former CEO of FTX, Sam Bankman-Fried (SBF), told the BBC that he hopes to start a new business to make money to pay people back.
Alameda-Genesis Relationship Risks DCG Bankruptcy, Claims Messari Founder
Crypto research firm Messari’s founder Ryan Selkis on Monday said Genesis and Alameda had bad loans and intertwined crypto borrower-lender relationships. FTX and Alameda bankruptcy could risk Genesis liquidation and may cause its parent Digital Currency Group (DCG) to go bankrupt.
Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians
According to a new study, residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer new users. (Bitcoin.com)
The Block CEO Resigns After Reports of Undisclosed Loans from Alameda Research
Michael McCaffrey, the chief executive officer of cryptocurrency news outlet The Block, resigned after media website Axios reported early Saturday, Hong Kong time, that he had received three undisclosed multi-million dollar loans from Alameda Research, the brokerage arm of failed digital assets exchange FTX.com. (forkast)
Ripple Is Bullish on Gaming NFTs and Carbon Credit
In a report by The Block, David Schwartz, the CTO of Ripple, adds that while payments are what excite him the most, he is also interested in carbon credits and non-fungible tokens (NFTs) for use in video games.
Crypto Spam Bots go Silent While Musk Promises to Prosecute Scammers
Elon Musk's latest salvo in his war against crypto spam bots on Twitter appears to have made some real impact, with the crypto community reporting a vast reduction in the number of responses on their posts from bots. In a Dec. 11 post, the Twitter CEO hinted that “bots are in for a surprise tomorrow” and later explained that they've found a small number of people behind a large number of bot/troll accounts and that the platform will be shutting down IP addresses of “known bad actors.” (Cointelegraph)
![[2025 Annual Guide] Crypto Data Engineering Guide](https://img.cointime.com/images/rWNk2dKKxkbIZHo0tclX8DsjdovJwQKo2b5kMDYP.jpg)
