Kevin O’Leary described FTX and Binance as “two behemoths that owned the unregulated market” for exchanges and “were at war with each other and one put the other out of business—intentionally.”
The FTX's collapse is the final imperative for global lawmakers to enact a string of regulations in the digital asset sector, while the event also led to a tug-of-war game between two state agencies.
CEO John J. Ray III tells lawmakers that what separates FTX's bankruptcy from other exchanges that went insolvent is that the former lacked record-keeping, making it seem like its crimes were “not sophisticated at all.”
Advertisements should be honest and truthful than the 'endorsing' celebrity, and advertisers are subject to liability if proven otherwise, according to the U.S. Federal Trade Commission guidelines.
Contrary to popular belief, the whole crypto frenzy has been the biggest enemy of the real technological development of blockchain and DLT.
If convicted of eight counts of charges filed by the DOJ, Sam Bankman-Fried could see himself landing 115 years in prison.
Following his arrest in the Bahamas, SBF will have to face charges brought against him, with former FTX CEO John Ray III set to testify in court over the exchange's collapse.
Binance is reportedly ramping up its legal department amid a DOJ probe and a slew of charges tied to the exchange's alleged money laundering conspiracy and breach of criminal sanctions, among others.
Sam Bankman-Fried has been arrested by authorities in the Bahamas and is now awaiting extradition to the US to face several charges tied to the FTX's collapse.
In light of the recent FTX collapse, the U.S. Securities and Exchange Commission now wants U.S.-listed firms to disclose any ties to digital asset firms and the risks they have been exposed to.
The 'crypto' industry got in the wrong direction long ago and has gone too far by turning the original Bitcoin into a multitrillion-dollar gambling of speculations over other people's speculations.
Roger Ver was in the Thinking Crypto podcast to again call Dr. Craig Wright a scammer and enthuse about how crashes like FTX mean more interest for the 'crypto.'
