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FTX fiasco

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

Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative .3B in May 2022In 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 […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of ‘Cascading Effects’

Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of ‘Cascading Effects’Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think basically it sets us back a few years.” Binance’s CEO Discusses the Impact of FTX’s Collapse on the Crypto Industry The CEO of cryptocurrency exchange […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project

SBF’s ‘Truly Trustless’ Protocol —  Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork ProjectAccording to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that the exchange has fallen, it’s suspected that Serum’s upgrade authority is tainted. A So-Called ‘Trustless’ Defi Protocol With […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes