New York CNN — The new management of FTX is pressuring hundreds of politicians and political organizations to return millions of dollars donated by the crypto platform or its founders before it went bankrupt last year. The company, which collapsed in November and is now at the center of a […]
FTX
On Nov. 2, the cryptocurrency exchange FTX was really worth tens of billions of bucks. Its chief executive, Sam Bankman-Fried, was a billionaire and one particular of the most outstanding people in the crypto planet. But that morning, CoinDesk, an online publication that handles cryptocurrencies, printed a scoop suggesting that […]
New York CNN — Sam Bankman-Fried’s multibillion-dollar crypto empire was operate mostly by “grossly inexperienced and unsophisticated individuals” who failed to institute simple corporate controls and even relied on QuickBooks to do their accounting, in accordance to investigators. But standing by Bankman-Fried as his companies FTX and Alameda grew (and […]
NEW YORK (AP) — Collapsed cryptocurrency trading organization FTX confirmed there was “unauthorized access” to its accounts, several hours following the business submitted for Chapter 11 bankruptcy security Friday. The embattled company’s new CEO John Ray III claimed Saturday that FTX is switching off the potential to trade or withdraw […]
The unexpected collapse of FTX, the world’s 3rd-premier cryptocurrency trade, underlines how important it is for any investor to study about the risks they consider when they park their money with a evenly regulated organization. FTX and its affiliate businesses submitted for personal bankruptcy Nov. 11. The company’s founder, Sam […]