Mark Cuban Says FTX Implosion Isn’t Crypto Blowup—Explains Why He Invests in Crypto
Mark Cuban explained on Twitter Saturday that the implosion of FTX is not a crypto blowup.
Crypto.com’s Exposure to FTX Less Than $10 Million Says CEO
According to the CEO of Crypto.com, Kris Marszalek, his firm had recovered much of the $1 billion that had been sent to FTX when the crypto exchange collapsed.
Former Spartan Group Partner Jason Choi:The Definitive Thread on FTX
I met SBF before FTX started, and witnessed their rise and fall.
Sam Bankman-Fried Facing Possible Trip to US for Questioning
Sam Bankman-Fried was interviewed by Bahamas police over the weekend, and <i><a href="https://www.bloomberg.com/news/articles/2022-11-15/ftx-latest-scaramucci-says-zhao-likely-sold-ftt-in-retaliation">Bloomberg</a></i><a href="https://www.bloomberg.com/news/articles/2022-11-15/ftx-latest-scaramucci-says-zhao-likely-sold-ftt-in-retaliation"> reported</a> on Tuesday that US and Bahamian authorities had discussed the possibility of bringing him to America for questioning.
Crypto.com Sends Letter to Clients Assuring Their Funds Are Safe
According to an email obtained by CryptoPotato with the title “Leading the industry in safety, compliance, and security,” Crypto.com assures its 70 million customers that despite the “difficult week,” the platform is safe and has regulatory approval from several countries around the world as a sign of its commitment to transparency.
Crypto Custodian BitGo Looks to Raise Funds at a $1.2 Billion Valuation
Crypto custodian BitGo is in preliminary discussions to raise new funds at a $1.2 billion valuation, according to sources with knowledge of the company’s thinking.
Term Sheet Revealed, FTX Was Reported to Seek Up to $10 Billion in Emergency Funding
The quasi-term sheet is sent to potential investors, with two options available.
Coinbase CEO Brian Armstrong Sells More Than $1.6 Million in Shares
Coinbase CEO Brian Armstrong sold more than 30,000 Class A Coinbase shares for $1.6 million on Nov. 11, according to a filing with the U.S. Securities and Exchange Commission reported by Coinbase. He also converted Class B shares into Class A shares.
FTX Was Custodian for Majority of Tokens on DeFi Lending Platform Oxygen
DeFi prime brokerage Oxygen said FTX acted as the custodian for the majority of the tokens on its ecosystems, adding that it has sought legal help.
Australia Suspends FTX's Financial Services License Until May
The Australian Securities and Investments Commission has suspended FTX Australia's financial services license in the country until May 15, 2023.
