Alameda Research had a $65B secret line of credit with FTX: Report
Sam Bankman-Fried ordered Gary Wang, FTX’s co-founder, to open the alleged credit line financed by the exchange’s customers. Go to Source Powered by WPeMatico
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Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the crypto investment manager Osprey has … Read more
Gemini and Genesis’ legal troubles stand to shake up industry further
Now that the SEC has gotten involved in the ongoing Gemini–Genesis spat, things could get ugly for both parties in the near term. Go to Source Powered by WPeMatico
Skybridge eyes stake buyback from FTX, as Galaxy CEO says he would like to ‘punch’ SBF
Anthony Scarammuci also noted that there was “clearly fraud” in the SBF and FTX debacle, while Mike Novogratz said there’s a side of him that would like to “punch” SBF in the face. Go to Source Powered by WPeMatico
Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter
The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.” The blog post does not mention the allegations made … Read more
Alameda Research liquidators lost $72,000 during a fund consolidation attempt
The loss occurred while Alameda Research liquidators were attempting to close a borrow position on Aave, but instead, removed the extra collateral used for the position. Go to Source Powered by WPeMatico
Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta
With all eyes on crypto exchanges, rebuilding trust — through increased transparency, safety and effective policies — has become the top agenda for entrepreneurs worldwide. Go to Source Powered by WPeMatico
Here’s how to quickly spot a deepfake crypto scam — cybersecurity execs
The fast-paced nature of the crypto markets means investors are under massive pressure to quickly verify whether a video message is authentic or not. Go to Source Powered by WPeMatico
Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena
A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports … Read more
FTX Donations to Early Covid-19 Researchers Raise Questions of Propaganda Tied to Pandemic Prevention
While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine. Controversy Surrounds Former CEO of FTX … Read more