Amber Group raises $300M to recover from FTX contagion
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. Go to Source Powered by WPeMatico
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SBF reportedly files new bail application in the Bahamas Supreme Court
Bahamas media reports that Sam Bankman-Fried lodged a new bid for bail just two days after a judge denied his previous application and called the FTX founder a flight risk. Go to Source Powered by WPeMatico
SBF’s legal battle still has “a lot to play out,” according to legal commentators
Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years. Go to Source Powered by WPeMatico
Bitcoin Santa Claus rally, unlikely according to on-chain and derivatives data
Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends. Go to Source Powered by WPeMatico
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people. Go to Source Powered by WPeMatico
Time for Serious Global Crypto Regulation, Germany Says
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin President Convinced Self-Regulation Won’t Work for Crypto The … Read more
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried
Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research. Go to Source Powered by WPeMatico
Kevin O’Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake in FTX, refused to comply with regulators’ … Read more
Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape
Tom Emmer is considering reintroducing a bill that removes the requirement for entities to be registered as money transmitters if they don’t handle customer assets. Go to Source Powered by WPeMatico
FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF
A former FTX employee has revealed details regarding the lavish expenditures of the exchange as well as its intense company culture. Go to Source Powered by WPeMatico