Another controversy hits Celsius Network following a media outlet's exposé claiming that chief Alex Mashinsky had withdrawn $10 million from the platform before filing for bankruptcy protection.
Facing numerous crossroads, FTX.US President Brett Harrison decides to make a company exit, surprising staffers but not FTX chief SBF who said that his move had been "in the works for a while."
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.
Voyager at first claimed that it had $350 million at the Metropolitan Commercial Bank, even as it called out the “wolf in sheep’s clothing” that is Sam Bankman-Fried.
Voyager Digital CEO Stephen Ehrlich says the company will be using Chapter 11 protection to begin restructuring the enterprise in a way that will maximize the value for its stakeholders.
The best way to prepare for the further decline in the digital asset markets is to manage risk. Selling is good too, especially if you know that you can buy back at a lower price in the future.
After claiming that they had properly managed risk and that no client funds were impacted, SBF announced that FTX was "injecting $250m into BlockFi and partnering with them."
The struggling ‘crypto’ sector hopes to avoid having fun staying poor by embracing financial bailouts the same way that a drowning man grabs the point of a sword.
Huobi's announcement and Bankman-Fried's prediction are a few weeks old now, and today Huobi's BSV launch is landing smack in the middle of one of the digital asset industry's worst price crashes.
Combining the recent events and loan Coinbase took from Goldman Sachs, Joshua Henslee speculates that the company is in need of money and Coinbase insiders dumped because they know there’s trouble ahead.