ftx

  1. Jan

    Luno responds: What happens if Digital Currency Group declares bankruptcy?

    Luno's sister company declares bankruptcy — what it means for South Africans With threats of a lawsuit against parent company Digital Currency Group (DCG) and sister company and lending partner Genesis Global filing for bankruptcy, Luno has assured that it remains unaffected. Luno is a South...
    • Jan
    • Thread
    • cameron winklevoss digital currency group (dcg) ftx gemini genesis genesis global capital luno terra blockchain tyler winklevoss
    • Replies: 10
    • Forum: Broadband and IT News
  3. Hanno Labuschagne

    Ex-FTX president will share details on company's dealings

    Ex-FTX president will share details on company's dealings Brett Harrison, the former president of collapsed crypto exchange FTX US, said on Twitter that he’ll provide more details in due course on what he knew about the firm. Responding to a question on what he was aware of and when, Harrison...
  4. Hanno Labuschagne

    More than R60 billion in crypto at FTX seized by Bahamas

    More than R60 billion in crypto at FTX seized by Bahamas Bahamian authorities took control of $3.5 billion (R60.3 billion) worth of digital assets at FTX Digital Markets shortly after it filed for Chapter 11 bankruptcy protection based on information provided by founder Sam Bankman-Fried...
  5. Hanno Labuschagne

    FTX customers sue SBF to try and get money back before other creditors

    FTX customers sue SBF to try and get money back before other creditors Customers of failed cryptocurrency exchange FTX sued in bankruptcy court in hopes of being first in line to recover some of the billions lost in the meltdown of Sam Bankman-Fried’s digital-asset empire. A group of four FTX...
  6. Jan

    Binance reassures over reserves, says debt free

    Binance bank run Binance Holdings Ltd. founder Changpeng “CZ” Zhao said outflows from the largest cryptocurrency exchange have “stabilized” while warning employees that the industry’s recovery from rival FTX’s collapse will be “bumpy.” In a tweet on Wednesday, Zhao said “things seem to have...
  7. Jan

    SEC says Bankman-Fried defrauded investors of $1.8 Billion

    Sam Bankman-Fried accused of R31.9-billion fraud Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was accused by US regulators of orchestrating a multi-year fraud against investors — one that helped support his lavish lifestyle. Bankman-Fried, who had been living in...
    • Jan
    • Thread
    • alameda research ftx gary gensler sam bankman-fried (sbf) securities and exchange commission (sec)
    • Replies: 2
    • Forum: Broadband and IT News
  8. Jan

    Sam Bankman-Fried arrested in Bahamas as US files FTX charges

    Sam Bankman-Fried arrested Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse. Bankman-Fried is...
    • Jan
    • Thread
    • alameda research damian williams ftx john j. ray iii maxine waters ryan pinder sam bankman-fried (sbf)
    • Replies: 22
    • Forum: Broadband and IT News
  9. Hanno Labuschagne

    Binance benefits big-time from FTX's collapse

    Binance benefits big-time from FTX's collapse Digital-asset exchange Binance Holdings Ltd. saw a substantial boost in trading activity as Sam Bankman-Fried’s FTX crypto empire collapsed in November. Trading activity on the largest crypto exchange jumped by 30% last month, when FTX had a...
  10. Hanno Labuschagne

    SBF willing to testify before US lawmakers

    SBF willing to testify before US lawmakers Sam Bankman-Fried says he will testify before the House Financial Services Committee after he’s finished “learning and reviewing” the events that led to the implosion of FTX. Representative Maxine Waters, the committee’s chair, last week invited...
  11. Jan

    Crypto lender BlockFi goes bankrupt in aftermath of FTX meltdown

    BlockFi goes bankrupt BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall. BlockFi said in a statement that it will use the Chapter 11 process to “focus on recovering all obligations owed to BlockFi by its counterparties...
  12. Hanno Labuschagne

    FTX collapse series in the works with Avengers duo slated to direct

    FTX collapse series in the works with Avengers duo slated to direct Amazon has ordered an eight-episode limited TV series based on the events leading up to the collapse of cryptocurrency exchange FTX, Variety reports. The first episode (the "pilot") of the series will be written and executive...
  13. Hanno Labuschagne

    New FTX CEO details chaos left behind by Sam Bankman-Fried

    New FTX CEO details chaos left behind by Sam Bankman-Fried Advisers overseeing the ruins of Sam Bankman-Fried’s FTX Group laid bare a stunning list of allegations against the company’s former leadership Thursday, slamming non-existent oversight and the misuse of client funds as they struggle to...
  14. Hanno Labuschagne

    SBF defends FTX collapse in long Twitter thread

    SBF defends FTX collapse in long Twitter thread Confronted by a crypto crisis he helped spark, former FTX.com chief executive officer Sam Bankman-Fried is tweeting through it. On Wednesday, he added a further 18 tweets to a meandering thread he started at the beginning of the week. [Bloomberg]
  15. Jan

    Genesis Global Capital, Luno's lending partner for Savings Wallet yield, has halted withdrawals

    Luno Savings Wallet partner halts withdrawals Luno’s lending partner for its Savings Wallet product, Genesis Global Capital, has temporarily suspended redemptions and new loan originations. All cryptocurrency withdrawals on Luno remained available at the time of publication.
    • Jan
    • Thread
    • amanda cowie ftx genesis genesis global capital luno luno savings wallet
    • Replies: 62
    • Forum: Broadband and IT News
  16. Jan

    Ovex terminates relationship with FTX for FSP licence

    FTX loses financial services licence access in South Africa South African cryptocurrency market maker Ovex has cancelled and removed FTX as a juristic representative, cutting off the international exchange’s access to its local Financial Service Provider (FSP) licence. “FTX is now unlicensed...
    • Jan
    • Thread
    • alameda research binance changpeng "cz" zhao farzam ehsani ftx jonathan ovadia nick bergonzoli ovex pantera capital sam bankman-fried (sbf) valr
    • Replies: 2
    • Forum: Cryptocurrency and Blockchain
  17. Jan

    Bitcoin splits from global markets to slide all on its own

    Bitcoin investment narrative frays The distress spread across cryptocurrencies by the meltdown of Sam Bankman-Fried’s FTX is fracturing the link the tokens once had with other financial assets, a sign that Bitcoin’s influence on global markets may be diminishing. Bitcoin dropped 23% last week...
    • Jan
    • Thread
    • bitcoin bridgewater chris weston christopher waller ftx jpmorgan sam bankman-fried (sbf) us federal reserve
    • Replies: 1
    • Forum: Cryptocurrency and Blockchain
  18. Jan

    FTX Latest: Police Interview Bankman-Fried; Mystery Outflows

    Police interview FTX founder as R11 billion mysteriously leaves crypto exchange A day after Sam Bankman-Fried’s digital-asset empire filed for Chapter 11 protection, the former crypto mogul was interviewed by Bahamian police and regulators, according to a person familiar with the matter...
    • Jan
    • Thread
    • commodity futures trading commission (cftc) ftx kraken lawrence summers nick percoco ryne miller sam bankman-fried (sbf) securities and exchange commission (sec)
    • Replies: 8
    • Forum: Cryptocurrency and Blockchain
  19. Jan

    FTX latest: BlockFi halt, SEC probe, asset freeze deepen crisis

    Cryptocurrency lender BlockFi halts withdrawals Sam Bankman-Fried, founder of the embattled crypto exchange FTX, is being investigated by the US Securities and Exchange Commission for potential violations of securities rules. The Bahamas, where his FTX.com arm is based, froze the assets of a...
    • Jan
    • Thread
    • alameda research blockfi commodity futures trading commission (cftc) ftx genesis hodlnaut john boozman sam bankman-fried (sbf) securities and exchange commission (sec)
    • Replies: 13
    • Forum: Cryptocurrency and Blockchain
  20. Jan

    The Ballad of FTX and Binance

    High drama as two crypto titans clash — what it means for Ovex, VALR, Luno in South Africa In the cryptocurrency world, it’s called whale games. When two or more large players — “crypto whales” — try to outmanoeuvre each other, the collateral damage doesn’t seem to be a consideration. All that...
    • Jan
    • Thread
    • binance changpeng "cz" zhao farzam ehsani ftx jonathan ovadia luno marius reitz ovex sam bankman-fried (sbf) valr
    • Replies: 304
    • Forum: Cryptocurrency and Blockchain
  21. Jan

    Binance backs out - FTX needs $8 billion rescue

    Binance backs out of FTX deal — Bitcoin tumbles below R300,000 Changpeng “CZ” Zhao walked away from his bailout for Sam Bankman-Fried’s FTX.com almost as quickly as he offered a rescue. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our...
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