Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator

Bahamas Regulator Appoints 'Big Four' Auditor PWC as Joint Provisional FTX LiquidatorsOn Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude” of the events surrounding FTX, the Bahamas regulator recognized that it had to “move […]

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Gold Bug Peter Schiff Insists This Is ‘Not a Crypto Winter,’ Economist Says It’s More Like ‘Crypto Extinction’

Gold Bug Peter Schiff Insists This Is 'Not a Crypto Winter,' Economist Says Its More Like ‘Crypto Extinction’Since bitcoin started falling from its all-time high last year, the economist and gold bug, Peter Schiff, made sure everyone knows that he wholeheartedly believes the leading crypto asset will fall to zero. Now that FTX has collapsed, Schiff has doubled down on his belief and he’s wasted no opportunities to dunk on bitcoin throughout […]

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Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’

Royal Bahamas Police Force Reveals FTX Is Being Investigated for 'Criminal Misconduct'“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct occurred.” Bahamas Law Enforcement Looks Into FTX Collapse After the Bahamas securities regulator took action […]

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Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’

Hedge Fund Galois Capital Discloses 'Roughly Half' of the Firm's Capital 'Stuck on FTX'According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors explaining the situation and said he was “deeply sorry” about the turn of events. Galois […]

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From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

A $32 billion Valuation to Financial Troubles — An In-Depth Look at the Rise and Fall of FTXDuring the last two days, 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 […]

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