Tag: FTX

Whales Scoop Up One Ethereum-Based Altcoin While Dumping FTX and Crypto.com Exchange Tokens: Santiment

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Crypto analytics firm Santiment says that exchange tokens recorded some of the largest price declines after the collapse of the FTX trading platform. Santiment says that amid the FTX debacle, crypto whales either dumped or bought the FTX (FTT), Huobi Global (HT) and Crypto.com (CRO) exchange tokens. According to Santiment, in 10 days crypto whales sold off over 30% of their FTT holdings and 0.4% of their Crypto.com holdings. In the case of Huobi Global, Santiment says that the crypto whales increased their holdings by over 17% over the same…

Trading course, FBI extradition, FTX hack

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Rumors and speculations surrounding former FTX CEO Sam Bankman-Fried (SBF) continue to bombard the crypto community as the effects of the FTX collapse proceeds to be felt throughout the crypto space.  One of the rumors floating around social media is that SBF filed a masterclass on trading that was scheduled to drop on December. With the former FTX CEO being the center of attention in the past few weeks, some community members pointed out that they were willing to pay $500 for leaks on footage of SBF’s class on trading.  RUMOR: SBF…

Singapore Government’s Temasek Writes Down $275M Investment in Collapsed Crypto Exchange FTX – Featured Bitcoin News

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Singapore government’s Temasek has written down the full value of its $275 million investment in the bankrupt crypto exchange FTX. “Our belief in the actions, judgment, and leadership of Sam Bankman-Fried … would appear to have been misplaced,” Temasek admitted. Temasek’s Investments in FTX Now Worth $0 The Singapore government’s Temasek Holdings issued a statement regarding its investments in FTX Thursday after the cryptocurrency exchange filed for bankruptcy. Temasek is a global investment company headquartered in Singapore with a portfolio valued at $403 billion Singapore dollars (US$294 billion). Temasek was…

FTX names Kroll as claims agent, to update users on bankruptcy developments

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Bankrupt crypto exchange FTX has appointed restructuring administration firm Kroll as its agent to track all claims against FTX and ensure interested parties are notified of developments throughout its Chapter 11 bankruptcy case. Known as the “claims and noticing agent,” Kroll was appointed to the role on Nov. 12 with the news made public on Nov. 17, and aims to compile a database of all claims against FTX Trading and 101 affiliated companies. Press Release: FTX Group has established Kroll as its claims agent, and all official documents filed with…

US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy – Bitcoin News

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U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive regulation in the digital asset space.” Senator Lummis Explains How Her Crypto Bill Would Prevent the FTX Catastrophe U.S. Senator Cynthia Lummis (R-WY) explained in a series of tweets Monday why the collapsed cryptocurrency exchange FTX wouldn’t have gone bankrupt had Congress passed her crypto bill. The cryptocurrency trading platform filed for bankruptcy last week. The senator from Wyoming has been…

Bitcoin Won’t Budge. Cryptos Ignore the FTX Chaos for Another Day

Bitcoin took the news in stride, trading sideways for most of the day, even as additional revelations surfaced from documents connected to FTX’s filing for bankruptcy protection. The largest cryptocurrency by market capitalization was up 1.1% and changing hands easily over the $16,000 support it assumed nine days ago. Ether was changing hands just over its most recent $1,200 support, off roughly a half-percentage point. Other cryptos were flat, some a bit green and others in the red, although Voyager’s VGX token soared more than 48% after CoinDesk’s scoopmeister Ian…

New CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices – Featured Bitcoin News

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The new CEO of FTX, appointed after the crypto exchange filed for bankruptcy, has blasted the company under former CEO Sam Bankman-Fried. “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,” he said in a court filing. ‘Complete Failure of Corporate Controls’ John Ray III, the new CEO of FTX and a veteran insolvency professional who oversaw the liquidation of Enron, revealed in a court filing on Thursday that FTX is the worst…

Crypto industry was ‘judge, jury and executioner’ for FTX: Pompliano

Prolific podcaster and cryptocurrency investor Anthony Pompliano has not lost faith in people or the crypto industry despite the disappointing conduct of former FTX CEO Sam Bankman-Fried. Bankman-Fried, once widely regarded as crypto’s “white knight” is now a pariah in the crypto industry due to — by his own admission — the “careless” mishandling of FTX customer funds and his ongoing strange behavior on Twitter. Appearing on Nov. 17 at the Texas Blockchain Summit, Pompliano was asked about how to ensure high-quality representation “in the halls of power,” responding that…

FTX will be the last giant to fall this cycle: Hedge fund co-founder

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While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange’s fall from grace should be the last catastrophic event — at least in this market cycle.  CK Zheng, the former head of valuation risk at Credit Suisse and now co-founder of crypto hedge fund ZX Squared Capital said that FTX’s fall was part of a “deleveraging process” that began after the COVID-19 pandemic and further accelerated after the fall of Terra Luna Classic (LUNC), formerly Terra (LUNA). “When LUNA blew up a…