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DeFi Project Mercurial Plots Revamp and New Tokens Following 'Toxic' Association With FTX
7.12.2022
The plan will see Mercurial launch its popular products as a separate project under the name Meteora
Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’
7.12.2022
The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters...
Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell
7.12.2022
On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX co-founder is being consulted by a professor at Stanford...
Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready
7.12.2022
Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried says he will testify when he has finished “learning...
Coinbase CEO Slams Sam Bankman-Fried for Blaming FTX’s $8 Billion Hole on ‘Accounting Error’
7.12.2022
The chief executive of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, has slammed former FTX CEO Sam Bankman-Fried (SBF) for claiming that FTX is missing $8 billion due to an “accounting error.” He stressed: “It’s stolen customer money used in his hedge...
Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report
6.12.2022
Mark Cohen was a former assistant U.S. attorney for the Eastern District of New York who was also on the defense team for the high-profile criminal case involving Ghislaine Maxwell
Cryptocurrency has become a playground for fraudsters
6.12.2022
Currency speculation was once the preserve of banking institutions, governments, and investment funds. But with cryptocurrency, it's being sold to the public as casino entertainment
Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices
6.12.2022
On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place....
Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent
6.12.2022
Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures
Wikipedia Editors List FTX’s Questionable Blunder as the Top Trading Loss of All-Time
6.12.2022
Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s...
Financial Stability Board aims to address crypto-related issues following 'failure of FTX'
6.12.2022
Though the board can make recommendations to global policymakers, it largely acts as an advisory body with no enforcement authority
Kevin O'Leary defends SBF, says FTX should be audited
6.12.2022
O’Leary emphasized that the truth about FTX can be discovered, thanks to the unique nature of blockchain technology
US lawmakers request answers from Silvergate over ties to FTX: Report
6.12.2022
Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."
Ethereum 'March 2020' fractal hints at price bottom — But ETH bears predict 50% crash
6.12.2022
Ethereum market analysts desperately search for the bottom but ETH price technicals aren't excluding further downside below $700
Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX Lessons
6.12.2022
Policymakers from the world’s major jurisdictions want a crypto rulebook
First Mover Americas: Goldman to Spend Big on Crypto Post-FTX
6.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 6, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning'
6.12.2022
Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire
Former Alameda CEO Spent $10,000,000+ on Luxury Properties Months Before FTX Collapse – Did He Know What Was Happening?
6.12.2022
As the collapse of major crypto exchange FTX and sister firm Alameda Research continues to generate controversy within the cryptosphere, Sam Trabucco, Alameda’s former co-CEO, reportedly went on a shopping spree shortly before the two companies’ implosion. Among others, he bought two luxury...
US House Financial Services Chairwoman Maxine Waters Says it is ‘Imperative’ That Sam Bankman-Fried Attends Hearing on 13 December After – This is What Happened
6.12.2022
The Financial Services Committee Chair Maxine Waters has demanded Sam Bankman-Fried participate in the upcoming U.S. House committee’s hearing and testify on the collapse of his crypto empire.
In a response to a tweet by Bankman-Fried that suggested he might not appear in the hearing,...
Texas enforcers want Sam Bankman-Fried to attend the hearing in February: Law Decoded
6.12.2022
The Texas State Securities Board (SSB) invited the former CEO to attend the hearing on the alleged sale of unregistered securities on Feb. 2