FTX Drainer Consolidates Ether Holdings To Reach $302 Million
The main crypto wallet associated with the FTX drainer, an entity responsible for siphoning funds from the bankrupt crypto exchange, now holds 250,735.1 ether (ETH) worth $302.6 million, according to an update by blockchain security outfit PeckShield.
Report: 950 FTX Users in Taiwan Had Digital Funds Worth $150 Million Held on the Exchange When It Collapsed
At the time of FTX’s collapse, about 950 users in Taiwan had a total of $150 million worth of digital assets stored or held at the crypto exchange, a law firm has reportedly said. FTX users in Taiwan were reportedly investing in interest-bearing digital assets using cheap funds borrowed from local banks.
FTX Hacker Becomes 27th Largest Ethereum Whale
Following a series of enigmatic swaps and transfers, the primary account associated with the FTX hack, the FTX Accounts Drainer, currently holds 250,735 ETH valued at $302.6M, making it the 27th largest Ethereum whale as of press time, per data from Etherscan.
Bahamas Liquidators Discover Possibilities of Fraud From FTX
FTX’s Bahamian liquidators submitted some documents to the Southern New York District’s Bankruptcy Court. The documents revealed that Joint Provisional Liquidators’ discovered fraud and mismanagement on the part of the crypto exchange.
FTX Crash: Attorney Says “No” To Represent SBF; Here’s Why
Sam Bankman-Fried, the former CEO of FTX, will no longer be represented by his attorney at Paul, Weiss, Rifkind, Wharton & Garrison, the white-shoe law firm. Notably, this will be a big blow to the former FTX CEO as less than a week after hiring an attorney dropped SBF as a client.
FTX Shopping Spree: Sam Bankman-Fried Bought Employees Homes In The Bahamas
In his attempt to help shed light on how the Sam Bankman-Fried-owned company operated and proceeded with its dealings, new FTX CEO John Ray submitted a 30-page document to the United States Bankruptcy Court for the District of Delaware.
Bahamas Gov Ordered SBF Conducted FTX Hack, Crypto Scammers Use KYC Actors for Fraud | Cointime Weekly Nov.13 – Nov.19
Was FTX hack fake? What's Binance's role in FTX collapse? How crypto scammers are using black market identities to avoid detection? How to build your own liquidity pool?
Here's How Some FTX Account Holders Can Get Their Money Back – But Time Is Running Out
Some FTX account holders can get their investments back, but they will have to act fast, according to Joshua Browder, CEO of DoNotPay, a chatbox that offers legal advice.
SBF Was One of the Most Brilliant Traders in the Crypto Universe, Says 'Shark Tank' Star
On 15 November 2022, O’Leary had an interview on YouTube series Crypto Banter.
FTX Leadership Pressed for Detailed Information by US Subcommittee Chairman
“FTX’s customers, former employees, and the public deserve answers,” Raja Krishnamoorthi, Chairman of the Subcommittee on Economic and Consumer Policy wrote in a Nov. 18 <a href="https://oversight.house.gov/news/press-releases/chairman-krishnamoorthi-presses-ftx-leadership-for-answers-on-company-s-collapse" target="_blank">letter</a> addressed to both former FTX CEO Sam Bankman-Fried and the exchange's current CEO John J. Ray III, who took over in the wake of FTX’s bankruptcy filings.
The former and current FTX bosses were reminded to submit documentation as part of an Aug. 30 <a href="https://oversight.house.gov/sites/democrats.oversight.house.gov/files/2022-08-30.RK%20to%20Bankman-Fried-FTX%20re%20Crypto%20Fraud.pdf" target="_blank">request</a> to Bankman-Fried asking for information regarding the steps FTX is taking to combat fraud and scams.
