Tag: FTX
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The FTX Sell-Off: What’s Happening and Why It Matters!
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In the ever-volatile world of cryptocurrencies, market movements can be swift and significant. One such movement that has caught the attention of traders and investors alike is the recent sell-off on the FTX exchange.
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Ex-FTX Executive Faces Criminal Charges: A Deep Dive into the $24 Million Scandal!
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In a shocking revelation, a former executive of FTX, one of the world’s leading cryptocurrency exchanges, is set to plead guilty to a series of criminal charges. The most startling among these allegations is the misappropriation of $24 million in customer funds, which were reportedly donated to various U.S. politicians.
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FTX Takes Precautionary Measures: Moves Leftover Coins to Cold Wallets!
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In a recent development that has sent ripples through the cryptocurrency community, FTX, one of the world’s leading cryptocurrency exchanges, has reportedly moved its remaining funds to cold wallets. This move comes as a response to mitigate potential risks and ensure the safety of its users’ assets.
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FTX’s Sam Bankman-Fried Requests Depression and ADHD Medication While in Jail!
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Sam Bankman-Fried, the founder of FTX, has reportedly requested medication for depression and ADHD while in jail, according to his lawyers. Bankman-Fried, who is facing charges related to alleged financial misconduct, including stealing funds from FTX to cover losses at his hedge fund, has pled not guilty to the charges.
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Ex-FTX CEO Sam Bankman-Fried Won’t Face Federal Charges Over $90M Donations to Dems and Woke Causes!
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Former cryptocurrency tycoon, Sam Bankman-Fried, will not be facing federal charges related to campaign finance donations, according to recent announcements by federal prosecutors. The decision to drop the charge is based on treaty obligations with the Bahamas, where Bankman-Fried was arrested in December following the collapse of his multi-billion dollar…
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Sam Bankman-Fried Demands The Dismissal Of The Lawsuit!
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The FTX founder is accused by the U.S. Department of Justice (DOJ) of fraud, money laundering, and embezzlement. Now Sam Bankman-Fried is calling for the charges against him to be dropped.
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Emoji Culture: FTX Executives Approved Million-Dollar Deals By Emoji!
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The deep fall of crypto exchange FTX is due to a mix of “hubris, incompetence, and greed,” according to a new report from the bankruptcy trustee. The report sharply criticizes the chaos and lack of financial control and accounting mechanisms under founder Sam Bankman-Fried. Million-dollar expenditures were approved by Emoji.
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Binance Denied Forbes Allegation Of Misused Security Deposits!
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The world’s largest crypto exchange by trading volume, Binance, is facing new allegations. Allegedly, Binance moved customer funds that were supposed to be used to secure certain stablecoin deposits. The procedure is “eerily similar to the manoeuvres of FTX,” writes the business magazine “Forbes.” Binance denied the Forbes allegations.
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New York Charges Celsius Network Founder Mashinsky With Crypto Fraud!
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The New York Attorney General Letitia James filed charges against Celsius Network founder Alex Mashinsky, alleging that he defrauded investors out of billions of dollars in digital currency by hiding the weak health of his now-bankrupt cryptocurrency lending platform. Mashinsky continued to promote Celsius as a safe alternative to banks…
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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…