Senate Committee to Subpoena FTX’s Sam Bankman-Fried if He Does Not Testify
Senators Sherrod Brown (D-Ohio) and Pat Toomey (R-Pa.), respectively the chair and ranking member of the committee, wrote a public letter to Bankman-Fried, who resigned from the exchange the same day it filed for bankruptcy last month.
FTX Hires Forensic Team to Help Track the Billions of Dollars That Have Gone Missing
FTX’s new management has hired a team of forensic investigators from advisory firm AlixPartners to help track the billions of dollars that have gone missing from the failed cryptocurrency exchange, people familiar with the matter said.
Mad Money’s Host Advises Investors to Get Out of Crypto, Says ‘Never Too Late to Sell’
The host of CNBC’s Mad Money show, Jim Cramer, has advised investors to sell their cryptocurrencies following the collapse of crypto exchange FTX. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He said Monday:
When Was the Last Time You ‘Misaccounted’ $8 Billion Dollars Like Sam Bankman-Fried?
I believe SBF is fully aware of how he comes across in the media when he makes these comments. He is building an image for himself — even if that’s the image of a clueless idiot.
Congressional Subpoena for SBF “Definitely on the Table,” Says Rep. Maxine Waters
Even after adopting a <a href="https://decrypt.co/116489/maxine-waters-insists-sbf-attend-ftx-hearing" target="_blank">more assertive posture</a> on Twitter, it did not appear that House Financial Services Committee chair Maxine Waters intended to subpoena FTX founder Sam Bankman-Fried to testify before Congress on December 13, 2022, according to a CNBC report.
Kraken’s Incoming CEO Denounces Sam Bankman-Fried as a Fraudster
Dave Ripley – the incoming CEO of crypto exchange Kraken – said he has inside information that FTX scammed its users. He expects more contagion from the crisis, assuring that his entity would not be affected.
Collapsed FTX Sought $100M Sponsorship Deal With Taylor Swift
Known for its numerous high-profile partnership agreements with celebrities and sports stars, the <a href="https://decrypt.co/114205/ftx-files-chapter-11-bankruptcy-sbf-steps-down-as-ceo" target="_blank">now-bankrupt</a> crypto exchange FTX reached the late stages of negotiating a sponsorship deal worth more than $100 million with Taylor Swift.
Online Blockchain CEO Warns Bitcoin May Crash to $8K As ‘FTX Crisis Is Unresolved’
Speaking with Daniela Cambone of Stansberry Research, the CEO of Online Blockchain Clem Chambers <a href="https://www.youtube.com/watch?v=LC7VdsT3lcw" target="_blank">discussed</a> whether the worst was over for Bitcoin’s price. Chambers said:
Mastercard Executive Sees FTX’s Collapse as an Opportunity for Crypto to Reset
The Mastercard executive opined that FTX’s collapse and the aftermath is an opportunity for the crypto industry to readjust.
Congressman Calls for Investigation Into Gensler, SEC’s Role in FTX Collapse
In a strongly worded letter sent Tuesday, Representative Ritchie Torres (D-NY) called upon the Government Accountability Office (GAO) to conduct an independent review of the SEC’s actions—or lack thereof—in the months leading up to FTX’s implosion last month.
