FTX collapse: Full impact has yet to be seen—Bloomberg
Bloomberg covered what's going on with FTX, talking to experts from rival exchanges and SEC Commissioner Hester Peirce about what happens next.
Bloomberg covered what's going on with FTX, talking to experts from rival exchanges and SEC Commissioner Hester Peirce about what happens next.
Observers noticed on-chain records showing "hundreds of millions of dollars" worth of digital assets began leaving the FTX exchange’s wallets late on Friday night.
The FTX exchange may have filed for bankruptcy protection but there’s no real defense against the sector-wide carnage this scandal has unleashed.
In June, Sam Bankman-Fried said many 'crypto' companies are secretly insolvent while assuring that his firm, FTX, has enough to cover all client holdings, in contrast to what FTX personnel are claiming.
This week’s dramatic implosion of the FTX exchange continues to disgorge a seemingly nonstop parade of machinations and sordid revelations that threatens to engulf the entire digital asset sector.
Binance has backed out of the acquisition deal upon realizing the size of the unfunded liabilities on FTX’s balance sheet.
Binance offered to buy FTX.com for an undisclosed sum, and after some due diligence checks, it will officially own one of its biggest exchange competitors.
Should SBF go down in flames because CZ caused a run on FTX’s underfunded bank, we should expect SBF to share secrets learned while he and CZ are at war.
The U.K.’s Financial Conduct Authority (FCA) has warned consumers that FTX is operating in the U.K. without local permission, putting another dent in its founder’s increasingly tarnished PR halo.
In a lengthy Twitter thread, Sam Trabucco wrote that he plans to prioritize his family and personal life; he also mentioned that he would stay with the firm in an advisory role.
Sam Bankman-Fried recently hit the news when he was featured in Washington Post, vowing to give away millions worth of BTC, although he admits this is about wooing regulators and onboarding people to FTX.
The fact that billions in fresh capital allegedly continue to pour into Tether’s coffers despite the looming threat of more legal action will only fuel skepticism surrounding the existence of the fiscal reserves backing USDT.