SBF Supports Restarting FTX and Issuing New FTT Token to Creditors
Bankrupt crypto trading platform FTX’s exchange token FTT is still trading above $1 per unit. It’s uncertain why FTT has risen more than 20% this week, but it might be because there’s been talk of issuing a new FTT token.
Binance CEO Worried SBF Was Trying to Destabilize Crypto Market to Save FTX
Tether executives and Binance CEO Changpeng “CZ” Zhao worried that Sam Bankman-Fried (SBF)was attempting to destabilize the crypto market aiming to save FTX.
FTT Traders Stand in a High-Risk Zone Amid SBF’s Plans to Relaunch Token
<a href="https://ambcrypto.com/?s=ftt" target="_blank">FTX Token [FTT]</a> recorded a 30.39% increase in less than 24 hours after embattled founder Sam Bankman-Fried (SBF) consented to a recovery plan. His agreement was in response to a proposal by CNBC’s crypto trader, Ran Neuner.
What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List
Alameda invested in two Chinese media outlets Odaily($5 million) and BlockBeats($3.56 million), Trustless Media($1.2 Million), and Dune Analytics($625K).
The Block Fully Owned by SBF? Crypto Titans in Twitter Spat; Staked ETH to Release Soon | Cointime Weekly Dec.04 – Dec.10
CZ V SBF: Crypto Titans in Twitter spat; tether launches offshore Chinese yuan (Cnh₮); Japan, South Korea and UK want to police stablecoins; understand how Merkle trees benefit blockchains.
The Block Has Been De Facto Wholly Owned by SBF for Years, Says Three Arrows Capital Co-founder
CEO of The Block resigned immediately after his $43 million in personal loans from Alameda Research was disclosed.
Bahamian Attorneys Pursue Access to FTX Data of International Customers
The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations. The <a href="https://www.cnbc.com/2022/12/09/bahamas-files-emergency-motion-in-ftx-case-for-access-to-customer-data.html" target="_blank">motion</a> highlighted previous failed attempts to access the defunct crypto exchange’s database. As a result, the lawyers claimed that FTX employees and counsel prevented authorities from getting critical financial information.
Arthur Hayes: Bitcoin Likely Already Hit the Lows of This Cycle During FTX Catastrophe
At some point in 2023, I expect the Fed will turn the printer bank on, and then boom shaka-laka — Bitcoin and all other risk assets will spike higher.
Congressional Committee Confirms SBF As FTX Hearing Witness
Bankman-Fried’s panel was added to the list of witnesses for a hearing on Tuesday, Dec. 13, the committee said. Before Bankman-Fried testifies, the committee will call upon current FTX CEO John J. Ray III.
News Organizations Seek to Unmask Anonymous FTX Creditors
The Financial Times, The Wall Street Journal, The New York Times and Bloomberg have filed a suit seeking to unseal who the creditors of the collapsed crypto exchange FTX are. The news organizations want at least the creditors' names.
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