Bahamas Regulator Holds $3.5B in FTX User Assets
The Bahamian Securities Commission has been holding user money totaling $3.5 billion, as stated in a recent news release. Read CNL for more.
Bankruptcy
Core Scientific Falls to 78M Market Cap, Bankruptcy Loom
According to a recent report, Bitcoin miner Core Scientific confirmed that it is possible for it to file for bankruptcy before the end of the year.
SBF Used Counterfeit Money to Corrupt the Media
According to Michael Saylor, Sam Bankman-Fried used stolen and counterfeit money from the embattled FTX to corrupt the establishment of Bitcoin. Read CNL.
Gemini has Less Than $100M Worth of Stablecoins Left
A recent report reveals that Gemini’s stablecoin stockpile is now below $100 million. The FTX disaster may explain the continuous money drain.
SBF’s Parents Won`t Teach Law at Stanford Next Year
According to the most recent reports, Sam Bankman-Fried’s parents will not be teaching at Stanford Law School starting next year. Read CNL for more.
Coinbase CEO Dismisses FTX`s Accounting Error Claim
SBF should be imprisoned, according to the CEO of Coinbase, who also objects to his declaration that FTX is insolvent as a result of an accounting error.
SBF And Relatives Own Property Worth $121M In The Bahamas
A Reuters article claims that Sam Bankman-Fried’s exchange FTX, its senior executives, and his parents all bought Bahamas homes totaling $121 million.
Binance Will not Invest in Crypto Lender Genesis: WSJ
Binance, a cryptocurrency exchange, was approached by Genesis about investing, but the latter rejected the offer owing to potential conflicts of interest.
FTX fires three of its prime executives – WSJ
FTX exchange has fired three of its prime executives, together with co-founder Gary Wang, the Wall Avenue Journal reported on Friday, citing an FTX spokeswoman.
CEO: FTX Used Corporate Funds to Purchase Luxury Homes
According to a bankruptcy petition by the company’s new CEO John Ray III, FTX utilized corporate cash to buy residences for its workers.
A Full List of Entities With Exposure to FTX and Alameda is Out
A list of organizations having exposure to FTX and Alameda Research started to become viral on Twitter. Their liabilities range from $10bn to $50bn.
FTX Files For Bankruptcy, SBF Resigns as CEO
With Sam Bankman-Fried stepping down as CEO, FTX, the second-largest cryptocurrency exchange in the world, has filed for bankruptcy protection in the US.
