Tag: FTX

‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies

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False information spreading online suggested that the president of El Salvador, Nayib Bukele, was seeking the immediate extradition of FTX CEO Sam Bankman-Fried along with Alameda Research co-CEO Sam Trabucco to answer for their crimes of losing the Salvadoran people’s Bitcoin. The CEO of Binance, Changpeng “CZ” Zhao, took to his Twitter account to put these rumors to bed, sharing that “the amount of misinformation is insane” and that he “exchanged messages with President Nayib a few moments ago.” He said that President Buckle told him, “We don’t have any Bitcoin…

FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’ – Bitcoin News

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On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and “should have done better” and also detailed that at some point he “might have more to say about a particular sparring partner.” SBF Says He Messed Up, Claims ‘Hands Were Tied During the Duration of the Possible Binance Deal’ Sam Bankman-Fried (SBF) has discussed some updates concerning FTX in an apologetic Twitter thread published on Thursday. The FTX CEO said he “should have been…

US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

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Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, pushed for additional federal oversight of crypto trading platforms and consumer protection amid FTX facing liquidity issues. In a Nov. 10 statement, Waters cited FTX’s difficulties as the latest example of incidents “involving the collapse of cryptocurrency companies” and how such events could potentially impact consumers in the United States. The committee chair pushed for legislation establishing a framework for crypto assets, highlighting her efforts with Financial Services Committee ranking member Patrick McHenry in a bill aimed…

Top FTX Lawyer Orders Documents Preserved as Investigations Ramp Up

On Wednesday, FTX US General Counsel Ryne Miller ordered all staff to retain their emails, messages, notes and documents stemming from their work at FTX, FTX US, Alameda and affiliated companies, according to people with direct knowledge. He called the chain of events of the last few days “disappointing developments” in a company-wide message, the people said. Source

Sam Bankman-Fried dice que Alameda se retira y promete a los clientes de FTX US que sus fondos “están bien”

En su hilo, Bankman-Fried intentó explicar la situación de su empresa y dijo que FTX etiquetó internamente “mal” a las cuentas vinculadas a bancos, por lo que juzgó mal el margen de los usuarios. El domingo, clientes retiraron US$5000 millones en activos, pero solo tenía liquidez para el 80% de eso, con un apalancamiento de 1,7 veces el que tenía FTX. Source

Bitcoin: La BAD News de trop (… FTX)) 🔥🔥

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