Category: Crypto
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FTX Case Update: The $250M Bail And The Key Witness Caroline Ellison!
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Sam Bankman-Fried (SBF), the FTX founder and former CEO was extradited to the U.S. from the Bahamas and brought before the court. He was released on $250 million bail. Earlier, his former partners and alleged accomplices in the FTX fraud, Caroline Ellison, and Gary Wang, pleaded guilty and announced their…
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Binance Digs Into Voyager Insolvency!
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Binance offers about one billion dollars for the assets of the insolvent crypto lender Voyager Ditigal. However, the deal still needs court approval. Voyager will seek to return crypto to its customers in tokens. The Binance deal values Voyager’s crypto portfolio at just over $1 billion. The deal still needs…
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The End Of Crypto As We Know It! Auditors Stop Working With Crypto Clients!
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Last week, the French auditor Mazars causes new doubts about the liquitity of ifs crypto clients such as Binance or Crypto.com. It surprising deleted Binance’s PoR audit report from its website and announced the pausing of all activities for all its crypto clients. Mazars also prepared the POR report for…
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Pointing Finger: Binance Intentionally Caused FTX Collapse Says Mr. Wonderful, Kevin O’Leary!
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Amid the bankruptcy proceedings, the Canadian celebrity entrepreneur and FTX investor star Kevin O’Leary sharply criticized crypto exchange Binance and its CEO Changpeng Zhao, a/k/a CZ, claiming they intentionally caused FTX’s collapse. At a hearing of the Senate Banking, Housing and Urban Affairs Committee, the prominent businessman said Binance is…
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The Arrest Of FTX Founder Sam Bankman-Fried May Make The Crypto World “Whole Again!”
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For a long time, the Twitter community demanded the arrest of FTX founder Sam Bankman-Fried (SBF) after around a million customers had lost billions with the collapsed crypto exchange. Monday evening, he was now arrested by police in the Bahamas after U.S. prosecutors brought a still-sealed indictment. He is now…
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Abnormal Price Movements On Binance, Not A Hack Attack: CZ Gives The All-Clear!
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On December 11, Binance published a notice about abnormal price movements on some trading pairs. The crypto exchange has investigated suspicious behavior on its platform after noticing abnormal price movements in some trading pairs with the Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN), and Golem (GLM). Nearly 40…
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Ripple Attacks SEC Over Its Deal With Now Bankrupt BlockFi!
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Crypto lender BlockFi filed for Chapter 11 bankruptcy on Monday! In the first week of November, BlockFi paused withdrawals from customers. The crypto lending platform had drawn down a $400 million line of credit from FTX US over the summer and was one of the first victims of the crypto…
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Crypto Lender BlockFi Is Insolvent
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Following the collapse of the cryptocurrency exchange FTX, the U.S. bank BlockFi, which specializes in virtual currency, has now also filed for bankruptcy. More broadly, the BlockFi business has been on a knife-edge since the spring, when the collapse of several major crypto companies sent the market into a panic…
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Amazon Prime Is Working on FTX Story
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An 8-part series about the crashed crypto exchange FTX is being planned by Amazon.Avengers creators Anthony and Joseph Russo are to direct the series. Amazon has ordered a miniseries on FTX, reports Variety. The Russo brothers, who have directed some of the central films of the Marvel Cinematic Universe –…
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Coinbase Holds $39 Billion Worth Of BTC!
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As major crypto exchanges are stepping up their efforts to assure customers and investors of their stability, Brian Armstrong, the CEO of Coinbase, has revealed that his company holds crypto reserves that include about 2 million BTC worth about $39.9 billion. “We hold ~2M BTC. ~$39.9B worth as of 9/30,”…