FTX US Subsidiary LedgerX Has Potential Buyers
The US House Financial Services Committee has also scheduled a hearing on the circumstances surrounding FTX’s demise for December 13.
FTX Founder Doesn’t Know Where Money Sent to Alameda Is
Sam Bankman-Fried, founder and former CEO of FTX, stated to the Wall Street Journal in an interview posted on Saturday evening that he “can only speculate” about what occurred in the past to billions of dollars after FTX customers transferred them to its sibling trading firm Alameda Research.
Coinbase CEO Armstrong Says Bankman-Fried’s US$8 bln ‘Accounting Error’ Doesn’t Stand up
Coinbase Global Inc. Chief Executive Brian Armstrong said Sam Bankman-Fried’s explanation of sloppy accounting as the reason US$8 billion moved from his crypto exchange FTX to brokerage arm Alameda Research doesn’t stand up to scrutiny. Bankman-Fried gave the reasoning in an interview with Bloomberg published on Friday. (forkast)
Blackrock CEO on FTX Collapse: Most Crypto Companies Aren't Going to Be Around
The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will not be around following the collapse of crypto exchange FTX. However, the executive is still optimistic about blockchain technology. (Bitcoin.com)
Despite Endless Media Appearances, SBF Unlikely to Testify on 13th
Bankman-Fried was responding to a Dec. 2 tweet from U.S. Representative Maxine Waters inviting him to testify in a scheduled U.S. House Committee on Financial Services hearing on Dec. 13 to discuss "what happened" at FTX. In a Dec. 4 response on Twitter, the former FTX CEO said he feels it is his “duty to appear before the committee and explain,” but only once he's “finished learning and reviewing what happened," adding he wasn't “sure” whether it would happen by the 13th. (Cointelegraph)
Alameda ex-CEO Caroline Ellison spotted in New York, Twitter users claim
A recent photo of what appears to be former Alameda Research CEO Caroline Ellison in a Manhattan coffee shop in New York has been making the rounds on Twitter.
On Dec. 4, two photos began circulating on Twitter, appearing to show Ellison ordering a coffee at the Ground Support Cafe in Manhattan.
Adding some weight to the possible sighting, Gopher, the Golden Doodle puppy which is understood to be owned by FTX and Alameda execs also seems to be in the photo next to Ellison.
How Wide Does FTX Contagion Spread? The Affected Companies So Far
Liquid Global – a Japanese crypto platform owned by FTX – <a href="https://cryptopotato.com/another-exchange-halts-withdrawals-in-the-ftx-aftermath/" target="_blank">halted</a> withdrawals shortly after its parent company filed for bankruptcy. The former became a victim of hackers last year and lost over $90 million worth of digital currencies. Back then, FTX <a href="https://cryptopotato.com/hacked-exchange-liquid-global-secures-120m-debt-finance-from-ftx/" target="_blank">secured</a> a $120 million debt financing so Liquid Global could resume its services.
SBF Says Alameda Research Received Preference on FTX
Sam Bankman-Fried, the former Chief Executive Officer (CEO) of now-bankrupt cryptocurrency firm FTX has recently made some intriguing revelations.
Jim Cramer Calls FTX Co-Founder Sam Bankman-Fried a Pathological Liar, Conman, and Clueless Idiot
That guy is a clueless idiot. Intent means nothing. Saying sorry means nothing.
Jim Cramer Calls Sam Bankman-Fried a Pathological Liar, Conman, and Clueless Idiot
The host of Mad Money, Jim Cramer, says former FTX CEO Sam Bankman-Fried (SBF) is a pathological liar and a conman. “That guy is a clueless idiot. Intent means nothing. Saying sorry means nothing,” Cramer stressed.
