FTX Spent $74 Million on Real Estate in the Bahamas This Year
FTX Property Holdings spent $74,230,193 on property in the Bahamas over 2022. The bulk of that money, $67,440,193.99, went to entities surrounding Albany Bahamas, a luxury condo resort in New Providence.
FTX Founder Sam Bankman-Fried Denies Rumors That He Fled to Argentina
FTX founder Sam Bankman-Fried has denied speculation that he’s fled to Argentina as the saga surrounding his collapsed cryptocurrency exchange continued to unfold in near-real time on Twitter.
FTX Had Only $900 Million in Liquid Assets Backing $9 Billion in Debt
FTX had only $900 million in liquid assets against $8.9 billion in liabilities on the eve of bankruptcy, the Financial Times <a href="https://www.ft.com/content/f05fe9f8-ca0a-48d5-8ef2-7a4d813af558">reports</a>.
Mercedes Will Not Remove FTX Logo From Its F1 Cars
Despite the crash of the crypto exchange FTX, the Mercedes Formula One team vowed not to remove the company’s logo from its race cars.
FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law Enforcement
Bankrupt crypto exchange FTX’s new CEO, John Ray, took to Twitter Saturday to confirm that the exchange and its U.S. subsidiary, FTX US, were hacked last night in an attack that drained hundreds of millions of dollars in crypto out of the exchanges’ wallets.
Crypto Hedge Fund Galois Capital Says Half of Funds Stuck on FTX
Crypto hedge fund Galois capital has told its investors that almost half of its funds are stuck on the failed crypto exchange FTX, according to a report in the Financial Times.
SBF Built Bespoke ‘Backdoor’ To Outwit FTX Compliance Systems
Sam Bankman-Fried built a "backdoor" to his FTX exchange in an effort to change financial records and move funds without alerting others, according to a report by Reuters citing two people with knowledge of the matter.
Global Regulatory Actions Against FTX
FTX filed for U.S. bankruptcy proceedings on Friday, capping a week of turmoil for one of the world's largest cryptocurrency exchanges. FTX and its local units had already attracted scrutiny from regulators around the world.
Tether Blacklists Mysterious FTX Wallets as Account Drainer Liquidates MATIC, LINK, AVAX Holdings
Over $12 million in chainlink (LINK) tokens were sold in early Asian hours across two transactions, shortly after reports of a hack at FTX.
Here’s How Much FTX Owes Miami After Arena Sponsorship Cancellation
FTX owes Miami-Dade County, the owners of the facility formerly known as FTX arena, $16.5 million, according to a contract signed last year between the bankrupt exchange.
