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 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.
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, a cryptocurrency exchange, was approached by Genesis about investing, but the latter rejected the offer owing to potential conflicts of interest.
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.
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 list of organizations having exposure to FTX and Alameda Research started to become viral on Twitter. Their liabilities range from $10bn to $50bn.
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.
It was revealed that, weeks before freezing client withdrawals, Celsius` Alex Mashinsky had taken $10 million out of his cryptocurrency loan business.