Sam Bankman-Fried Reportedly Owns a $100 Million Stake in Elon Musk’s Twitter
Embattled FTX founder Sam Bankman-Fried owns a stake in Twitter that's worth about $100 million, according to a report from Semafor.
Streaming Giants Fight to Get FTX Saga Movie Rights
Amazon Studios, Apple, and Netflix are all vying to get the film and TV rights to a Michael Lewis book on the FTX collapse. Apple is reportedly close to sealing the deal.
FTX Collapse Triggers Second Thoughts on Busan City’s Crypto Exchange Plans
The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange.
NBA Team Golden State Warriors Faces Lawsuit For Promoting FTX as a Safe Platform
An FTX user is suing NBA team Golden State Warriors, accusing them of fraudulently promoting the FTX exchange after losing $750,000 due to the platform’s collapse.
Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing impact,” said the deputy governor.
BlockFi Puts Client Loans Into Forbearance
Crypto lender BlockFi has put client loans into forbearance, according to a customer email viewed by The Block. "At this time, clients do not have the ability to post new funds to BlockFi," the email states. "As a result, we are putting your loan into administrative forbearance. Any amounts due, including interest and maturity payments, are placed on hold until further notice."
Digital Currency Group Owes Genesis Trading Arm $575 Million by May
Digital Currency Group (DCG) CEO Barry Silbert recently shared a letter with investors illuminating the cryptocurrency conglomerate’s web of external and intercompany loans. Among them is a newly disclosed liability of $575 million to its lending subsidiary Genesis, due by May of 2023.
Press Release: FTX Receives Court Approval for "First Day" Motions
CEO John Ray said FTX has already begun receiving interest from potential buyers for assets and FTX will conduct an orderly process to reorganize or sell FTX assets around the world for the benefit of stakeholders.
Tron’s Justin Sun Is Looking To Buy FTX’s Assets
Justin Sun and his associates are reportedly evaluating the possibilities of purchasing assets from the recently collapsed FTX crypto exchange.
Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils
Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report.
