New FTX CEO John J. Ray III Facing SEC Charges For Insider Trading?
Who is new FTX CEO While the crypto market responds negatively to the FTX bankruptcy announcement, the onus is now on the new FTX CEO John J. Ray III to deliver. According to a report from the U.S. Securities and Exchange Commission, John J. Ray III is registered for insider trading.
Trading Firm Genesis To Get $140 Million Equity Infusion From Parent Company DCG
Digital Currency Group (DCG), the parent company of crypto trading firm Genesis, is stepping in to provide a $140 million equity infusion to Genesis after it said that its derivatives business had $175 million locked up on the FTX platform.
FTX Customers Attempt Roundabout Ways To Withdraw Their Funds in Bahamas
As the FTX crisis continues its outpour, users of the platform try various ways to bypass the official process of withdrawing their funds from the collapsing exchange.
On Nov. 10, the exchange announced that it will begin withdrawals of funds based in the Bahamas. According to the exchange, the move aims to have its comply Bahamian headquarters with the demands of regulators within the country.
FTX, FTX US, And Alameda File for Chapter 11 Bankruptcy in US
Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to filing for bankruptcy under Chapter 11 in the District of Delaware.
FTX Files for Bankruptcy, Bitcoin Extends Losses
The embattled FTX cryptocurrency exchange has filed for bankruptcy, according to a statement posted on its Twitter profile. The company says that its Chapter 11 bankruptcy filing is a necessary step to "move forward" and "maximize recovery for stakeholders."
FTX Files for Bankruptcy Protections in US
Crypto exchange announced it had "liquidity" issues earlier this week.Crypto exchange FTX filed for bankruptcy in the U.S., the company announced Friday.
JPMorgan Thinks Bitcoin Could Plunge to $13K Following The FTX Crisis
JPMorgan’s team, led by Nikolaos Panigirtzoglou, predicted that the price of bitcoin could drop to $13,000 due to the turmoil following the FTX collapse.The cost to produce BTC has also fallen considerably, which could be another reason for the asset’s potential downfall.
SoftBank Is Said To Expect About $100 Million Loss on FTX Stake
SoftBank Group Corp. invested just under $100 million in the crypto exchange FTX.com and anticipates writing down the entire value of the stake, according to a person familiar with the matter.
FTX Faces SEC and CFTC Investigation
Crypto exchange FTX faces an investigation by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) into its mismanagement of customer funds and the firm’s relationships with FTX. US and Alameda Research.
The FTX Future Fund Team Has Resigned
We were shocked and immensely saddened to learn of the recent events at FTX.
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