The SkyBridge founder walked in on a “war room” when he traveled to talk face to face with the now-disgraced Bankman-Fried as the exchange unraveled. Source
Scaramucci Recounts Harrowing Final Days of FTX, Visit to Bahamas to See Sam Bankman-Fried
Tag: FTX
Bahamian Prime Minister Doesn’t Regret FTX
The Bahamas recently overhauled its crypto regulations and says its “open for business” for legitimate digital assets companies. Source
Veteran Crypto Reporter Brady Dale Discusses New FTX Book
The former CoinDesker has written an account of Sam Bankman-Fried’s downfall, and longevity of decentralized finance (DeFi). Source
Celsius creditors demand transparency on ‘suspicious’ FTX transactions
Celsius creditors claim that some FTX users have engaged in suspicious trades that may have manipulated the price of the Celsius (CEL) token in 2022. The creditors are seeking the help of a bankruptcy judge to unmask the users in question. Represented by a committee, creditors of Celsius Network have requested permission from a bankruptcy judge to issue subpoenas to FTX, seeking information on users associated with ten cryptocurrency wallets that were allegedly involved in suspicious trades of Celsius’ CEL coin between April and August. The creditors believe that the…
Bahamas Seeks to Tighten Its Crypto Laws Following FTX Collapse
CryptoX – Cryptocurrency Analysis and News Portal A bill published for comment includes restrictions on stablecoins, proof-of-work mining and crypto staking. Source The post Bahamas Seeks to Tighten Its Crypto Laws Following FTX Collapse appeared first on CryptoX. CryptoX Portal
Bankrupt Crypto Firm FTX Finally Agrees to Sell Its Derivatives Platform LedgerX for $50M
FTX got the nod earlier this year to sell some of its business units. The FTX exchange has now reached an agreement to sell its crypto derivatives platform LedgerX in a deal worth about $50 million. According to a Reuters report, FTX has agreed sale terms with an affiliate of Miami International Holdings Inc. However, the sale is still subject to approval from the US court overseeing FTX’s bankruptcy proceedings. To this end, a sale hearing has been slated for May 4, and hopefully, the exchange will be able to…
FTX sells LedgerX for $50M to affiliate of Miami-based exchange holding company
FTX announced that it has entered into a purchase agreement with an affiliate of Miami International Holdings to sell its futures and options exchange and clearinghouse LedgerX. FTX said in a statement that the total proceeds of the transaction would total about $50 million. The deal still requires the approval of the United States Bankruptcy Court for the District of Delaware. A hearing on the deal is set for May 4. FTX stated it reached a deal with M7 Holding, a family private equity investment firm based in Akron, Ohio.…
FTX Revival Unlikely, Says Skybridge Capital Founder Anthony Scaramucci
Scaramucci stated that it was more likely that FTX, once valued at $32 billion, would end up selling its software and licensure before opening under a new brand. Skybridge Capital founder Anthony Scaramucci does not think the defunct crypto exchange FTX can be revived any time soon. The financier and former White House communications director explained that many exchanges were not making much money under current market conditions. “I don’t see how it’s possible to restart FTX. Not a lot of money is being made in these exchanges right now,…
Keep personal info of FTX users private
Jeremy Sheridan, former assistant director of the United States Secret Service Office of Investigations, has warned that certain FTX customers could become targets if their personal information were to be made public. In an April 20 declaration filed with the U.S. Bankruptcy Court for the District of Delaware, Sheridan supported a motion from the debtors which would withhold “certain confidential information” of FTX users. According to Sheridan, currently a managing director for FTI Consulting, releasing the names of customers associated with the failed crypto exchange imposes “a severe and unusual…
Ontario Teachers’ Pension Plan Will Stay Away From Crypto Investments After $95M FTX Write-Off: FT
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