Coachella NFTs Sold for $1.5M—Now They’re Stuck on FTX
Coachella announced its partnership with FTX US in February. It released various other NFT collectibles alongside the passes. <a href="https://www.billboard.com/pro/coachella-nfts-stuck-ftx-exchange-bankruptcy/" target="_blank"><i>Billboard</i></a>, which first reported issues around the NFTs on Tuesday, said that the sale generated $1.5 million in total.
Sam Bankman-Fried Praises Regulators Hours After Saying 'F*CK Regulators'
Former FTX CEO Sam Bankman-Fried threw his meandering “What H-A-P-P-E-N-E-D” Twitter thread into damage control Wednesday after a Vox reporter <a href="https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy">published</a> Twitter direct messages of him cursing about regulators – a group he famously and publicly courted for their influence.
Binance Denies Accusation From UK Lawmaker That It Deliberately Sank FTX
The exchange pointed to a CoinDesk article that set off a series of events that led to FTX's bankruptcy filing.
FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange
A former employee told CoinDesk that many of FTX’s staff kept the money from their paychecks at the exchange because it was convenient, utilizing FTX’s easy fiat off-ramps to withdraw money when they needed it. Employees’ use of FTX as a bank was encouraged by Bankman-Fried and other higher-ups, according to former employees speaking to CoinDesk on the condition of anonymity.
FTX and Bankman-Fried Will Face Congressional Hearing in December
FTX and its officers will soon face an inquiry from the U.S. Congress.
FTX Official: SBF Has No Ongoing Role at FTX or Alameda, and Does Not Speak on Their Behalf
Sam Bankman-Fried continues tweeting and commenting about what caused FTX's collapse.
Bankman-Fried Says He Was Wrong About FTX's Leverage Levels: Not $5B but $13B
'We got overconfident and careless', Sam Bankman-Fried continues tweeting
Bahamian Liquidators Say FTX Wasn't Authorized to File for Bankruptcy in the U.S.
Bahamas-based lawyer Brian Simms, one of the provisional liquidators appointed by the Bahamas Supreme Court, said in a court filing that FTX was not authorized to file for bankruptcy in the U.S., adding that he “reject[s] the validity of any purported attempt to place FTX affiliates in bankruptcy.”
Sam Bankman-Fried Says 'F*CK Regulators', Regretted Filing for Chapter 11 Bankruptcy
Former FTX CEO Sam Bankman-Fried made a number of eyebrow-raising statements in a <a href="https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy">wide-ranging interview</a> conducted over Twitter DMs for more than an hour late Tuesday with Vox reporter Kelsey Piper.
"Fuck regulators," he said when asked the exchange's lobby efforts had been mostly public relations. "They make everything worse."
Top House Committee to Hold Hearing Into FTX Collapse Next Month
The House Financial Services Committee will hold a hearing into FTX next month, the committee announced Wednesday.
