The once multi-billion dollar cryptocurrency enterprise, which was headquartered in the Bahamas, started unraveling after a CoinDesk article questioning the financials of FTX’s sister company Alameda Research led to a liquidity crunch in early November. On Tuesday, rival exchange Binance was looking to buy the embattled FTX before the deal was scrapped – the exchange is now seeking protection from bankruptcy in the U.S.
Related posts
-
FTX looking to sell off Solana holdings via blind auction
Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to... -
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
Several of the smaller celebrity promoters – including finance Youtubers Andrei Jikh, Graham Stephan, Jaspreet Singh,... -
Binance Exec Who Escaped From Nigeria Has Been Found in Kenya, Faces Extradition: Reports
Nadeem Anjarwalla, who escaped Nigerian custody in March, could be extradited back to the country within...