FTX collapse

Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’

December 7, 2022 Bitcoin.com

Binance

The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell

December 7, 2022 Bitcoin.com

bitcoin.com

On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX co-founder is being consulted by a professor at Stanford Law School, David Mills. Sam Bankman-Fried Hires Attorney Who Represented […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices

December 6, 2022 Bitcoin.com

1:1 assets

On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. FTX Listed 36 Synthetic Stocks and […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

Wikipedia Editors List FTX’s Questionable Blunder as the Top Trading Loss of All-Time

December 6, 2022 Bitcoin.com

Alameda Research

Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s so-called ‘trading loss’ of 51 billion nominal U.S. dollars […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry

December 6, 2022 Bitcoin.com

10D chess

Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko, explained in an interview that it’s quite possible that the FTX […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022

December 5, 2022 Bitcoin.com

Alameda Balances

In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices

December 2, 2022 Bitcoin.com

Alameda

On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 bankruptcy proceedings. The U.S. Trustee explained in the letter that FTX’s collapse was comparable to complex bankruptcy cases like Lehman’s, Washington Mutual Bank’s, […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

SBF Was ‘Delusional,’ Will ‘Spend Time in Jail’ Says Galaxy’s Mike Novogratz — ‘He Needs to Be Prosecuted’

December 2, 2022 Bitcoin.com

Andrew Ross Sorkin

Galaxy Digital’s CEO Mike Novogratz talked to Andrew Ross Sorkin on CNBC’s Squawk Box and gave his reaction to Sam Bankman-Fried’s (SBF) recent New York Times (NYT) Dealbook Summit interview. Novogratz said that SBF was “delusional” and insisted that the former FTX CEO needs to be prosecuted and further said, “he will spend time in […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

Proof-of-Reserves Are at ‘Best Incomplete, at Worst Misleading and Deceptive’ Says Crypto Analyst Martin Hiesboeck

December 2, 2022 Bitcoin.com

Binance

While many crypto exchanges have seemingly embraced the use of proof-of-reserves (PoR) to showcase their transparency and reassure nervous users, crypto analyst Martin Hiesboeck insists such so-called proofs are susceptible to manipulation or misrepresentation. He added that PoRs alone are not a suitable method of verifying an exchange’s reserves because they do not “account for […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

US Auditing Firms To Charge More for Crypto Company Services Following FTX Collapse: Report

November 29, 2022 The Daily Hodl

audit

Several US auditing firms are reportedly going to charge crypto companies a steeper fee for their services in the fallout of FTX’s implosion. According to the Financial Times, many audit firms are reclassifying crypto companies as “high-risk” clients that require additional scrutiny. Jeffrey Weiner, CEO of auditing firm Marcum, which provides services for Bitcoin miners […]

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Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report