SBF Says FTX US Should Be Solvent, Unsure Why Withdrawals Not Enabled
Sam Bankman-Fried maintains that FTX US is fine, despite filing for bankruptcy in November.
FTX Japan Drafts Roadmap to Resume Withdrawals
The Japanese subsidiary of the now-defunct FTX crypto exchange has come out with a roadmap to resume withdrawals, after confirming that its customers’ assets are not part of FTX's bankruptcy proceedings.
FTX Contagion Haunts Yet Another Crypto Trading Firm Aurus Global
Another casualty came in the name of a crypto trading platform – Aurus Global – which is currently facing a “short-term liquidity issue” due to FTX insolvency.
All the Details About the FTX Crypto Exchange, Sam Bankman-Fried, and His Arbitrage Crypto Trading
One is certain, this whole story will teach investors how important qualitative fundamental analysis is, and that quantitative is just a part of the whole picture, but it will also influence future crypto regulations since such stories create future standards.
Former FTX CEO Sam Bankman-Fried Denies ‘Improper Use’ of Customer Funds
In the <a href="https://www.goodmorningamerica.com/news/video/ftx-founder-sam-bankman-fried-denies-improper-customer-94268098" target="_blank">interview</a>, SBF was insistent that FTX was not a “Ponzi scheme” but was “a real business.” The former CEO also denied any knowledge of FTX customer deposits being used to pay Alameda Research’s creditors, as reportedly claimed by Alameda’s CEO Caroline Ellison. According to him, he had no knowledge of “any improper use of customer funds”.
SBF Says FTX US Should Never Have Filed for Bankruptcy, Unsure Why Withdrawals Not Enabled
Sam Bankman-Fried is doubling down on his claim that FTX US should never have filed for bankruptcy.
‘I Wasn’t Even Trying to Do Risk Management,’ Sam Bankman-Fried Tells ABC
Sam Bankman-Fried claimed that he didn't spend time doing any risk management at FTX in yet another interview following the exchange's collapse.
Bitcoin Family Says They Are Moving $1M Crypto to Decentralized Exchanges After FTX Collapse
Just over five years ago, Bitcoin.com News <a href="https://news.bitcoin.com/minimalist-family-sells-everything-for-bitcoin-hoping-it-pays-off/">reported</a> on the Taihuttu family after they decided to sell their home, children’s toys, and vehicles so they can accumulate bitcoin (<a href="https://markets.bitcoin.com/crypto/BTC" target="_blank">BTC</a>). On Wednesday, the patriarch of the family, Didi Taihuttu, <a href="https://www.cnbc.com/2022/11/30/bitcoin-family-moving-more-than-1-million-into-dexs-after-ftx-collapse.html">spoke</a> with CNBC and explained that the family is moving $1 million in crypto assets to dex protocols following the FTX collapse.
Rostin Behnam Points to CFTC-Regulated LedgerX As Success Story Amid FTX Collapse
In a Dec. 1 hearing of the Senate Agriculture Committee exploring the collapse of FTX, Behnam <a href="https://www.agriculture.senate.gov/hearings/why-congress-needs-to-act-lessons-learned-from-the-ftx-collapse" target="_blank">said</a> LedgerX had essentially been “walled off” from many of the companies within FTX Group — including those that filed for bankruptcy — that provided a regulatory window for the CFTC. The CFTC chair said LedgerX was “healthy”, “solvent”, and “operational” compared to other FTX entities.
CFTC Chair: Crypto ‘Potentially a Threat to National Security’ After FTX Crash
Cryptocurrency may be a threat to America’s national security and more regulation is needed in the space now, Commodities Futures Trading Commission Chair Rostin Behnam said today.
