Class Action Lawsuit Against FTX’s Celebrity Promoters and Sam Bankman-Fried Is Quietly Dropped
A class action lawsuit filed against former FTX CEO Sam Bankman-Fried and a host of paid celebrity promoters for the now-defunct crypto exchange has been dropped.
SBF Willing to Testify Before US House Committee of Financial Services Next Week
The former CEO of FTX – Sam Bankman-Fried – said he is “willing” to testify before the relevant US authorities on December 13.
Sam Bankman-Fried to Binance CEO: You Won, Stop Lying
Today, alluding to the investment relationship Binance and FTX had (which <a href="https://decrypt.co/76584/ftx-ceo-sam-bankman-fried-why-bought-out-binance-investment-shares-exit" target="_blank">ended in 2021</a>), SBF wrote: “You threatened to walk at the last minute if we didn't kick in an extra ~$75m.”
Crypto Brokerage FalconX Disclosed It Suffered Losses in the Collapse of FTX
According to the company, its assets locked on FTX represent only 18% of its “unencumbered cash equivalents.”
Genesis Block Customer Funds Sent Directly to Alameda Accounts Before FTX Fall Out
There is data to suggest that the customer funds sent to Genesis Block were processed and received by Alameda, according to emerging reports from Mike Burgersburg of Dirty Bubble Media. Burgersburg recently provided critical insights into the space, such as the <a href="https://dirtybubblemedia.substack.com/p/is-alameda-research-insolvent">flawed</a> tokenomics of FTX’s FTT token ahead of CZ’s decision to sell its tokens.
FalconX Says Finances Strong Despite FTX Exposure
FalconX, the crypto prime broker, told clients its finances are strong despite the exposure it had to collapsed crypto exchange FTX.
Three Arrows Capital Co-Founder Says It Wasn’t Luna That Took It Out, but FTX
It wasn’t the collapse of the cryptocurrency luna that ultimately caused the downfall of Three Arrows Capital, according to 3AC co-founder Kyle Davies. Instead, it was the firm’s final position being liquidated on FTX.
FTX's Sam Bankman-Fried to Testify in Front of US House Financial Committee
Sam Bankman-Fried, the former chief executive of bankrupt crypto exchange FTX, has said he'll testify at a December 13 meeting of the House Financial Services Committee.
U.S. SEC Issues New Disclosure Guidelines Regarding Cryptocurrency
About a month after the FTX collapse, the United States Securities and Exchange Commission (SEC) has released new regulatory guidelines requiring firms which issue securities to inform customers of their risks and exposures to the crypto market.
FTX Japan Receives Three-Month Extension To Suspend Business
Failed crypto exchange FTX's Japanese subsidiary, FTX Japan, received approval from regulators to postpone the deadline for its business suspension by three months.
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