As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community.
The Mysterious FTX Debacle, Tim Draper's BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review
Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has also provided an in-depth look at the rise and fall of the toppled exchange behemoth. All this and more, just below.On Nov. 10, 2022, FTX CEO Sam Bankman-Fried addressed the crypto community in a thread posted to Twitter.
The cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors. The following is an in-depth look at the cryptocurrency exchange FTX, the trading platform that managed to rise to the top and slide to the bottom in less than three years.
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FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law EnforcementNew FTX_Official CEO John Ray said the company is “in contact with, and are coordinating with law enforcement and relevant regulators” after last night’s hack. cheyenneligon reports
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Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit RampUPDATE: soBTC largely recovered in price after FTX US reopened withdrawals, restoring a critical offramp for the wrapped bitcoin asset.
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FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resignsFTX said roughly 130 companies in FTX Group — including FTX Trading, FTX US and Alameda Research — had started proceedings to file for bankruptcy in the United States.
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You need to understand the FTX debacle even if you have no investments in cryptoICYMI: FTX, the world’s largest crypto exchange by 24-hour trading volume, filed for bankruptcy Friday. Co-founder Sam Bankman-Fried quit as chief executive. He has seen his net worth plunge to almost zero from $16 billion in less than a week.
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3 key crypto price events to watch in the wake of the FTX and Alameda debacleFTX and Alameda’s Ponzi-like trading scheme has dealt a heavy blow to the entire crypto industry. Here are three developments to keep a close eye on.
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Buterin breaks silence on FTX debacle, says 'fraud cuts deeper'Ethereum founder Vitalik Buterin weighed in on FTX's spectacular collapse and says the 'fraud cuts deeper' in his first direct comment on the matter.
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