FTX | ForkLog - Part 26

ForkLog 7 08.12.2022

New York Times reports US prosecutors are investigating Sam Bankman-Fried

New York prosecutors are examining possible market manipulation of TerraUSD (UST) and LUNA by the founder of the cryptocurrency exchange FTX, Sam Bankman-Fried. The New York Times reports, citing familiar sources.

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ForkLog 11 07.12.2022

Michael Saylor accuses Sam Bankman-Fried of ‘shitcoinery’.

In a podcast with entrepreneur Patrick Bet-David, former MicroStrategy CEO Michael Saylor launched into criticisms of FTX founder Sam Bankman-Fried.

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ForkLog 12 05.12.2022

Bloomberg: LedgerX Put Up for Sale

The LedgerX cryptocurrency derivatives exchange, part of the FTX group, is up for sale, Bloomberg reports.

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ForkLog 6 05.12.2022

Bankman-Fried dodges invitation to testify before U.S. Congress

Former FTX CEO Sam Bankman-Fried dodged a direct answer to an invitation to testify before a U.S. House Financial Services Committee.

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ForkLog 13 05.12.2022

Brian Armstrong rejects accounting flaws as the cause of FTX’s collapse

Even the most naive person could not believe that the multi-billion 'hole' in FTX's balance sheet was the result of an accounting error. This was stated by Coinbase co-founder and CEO {{AOPEN_1}}Coinbase{{ACLOSE_1}} Brian Armstrong.

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ForkLog 14 04.12.2022

Bloomberg names Genesis Digital Assets Alameda Research’s largest investment

Founded by Sam Bankman-Fried, Alameda Research invested more than $1 billion in the mining company Genesis Digital Assets from August 2021 to April 2022. Bloomberg reports this, citing internal documents of the trading firm.

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ForkLog 10 02.12.2022

U.S. DOJ urged to examine potential fraud in FTX case

The U.S. Department of Justice proposed to the bankruptcy court overseeing FTX to appoint an independent expert to investigate potential violations that could have led to the collapse of the Bitcoin exchange.

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ForkLog 10 02.12.2022

US Senate flags gaps in CFTC powers in wake of FTX collapse

As the consequences of the FTX collapse unfold, serious gaps in the existing law have become evident. The conclusion was reached by members of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry (which oversees derivatives trading) and CFTC Chair Rostin Behnam.

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ForkLog 10 02.12.2022

Mike Novogratz calls Sam Bankman-Fried’s statements ‘delusional’.

Galaxy Digital founder Mike Novogratz criticized Sam Bankman-Fried (SBF) after his latest remarks in the media regarding the FTX collapse.

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ForkLog 10 02.12.2022

FTX Japan to present plan to return client funds

The Bitcoin exchange FTX Japan (Liquid) will develop a plan for returning client funds after it is confirmed that they are outside the bankruptcy proceedings of the parent company.

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ForkLog 5 01.12.2022

OpenSea chief says FTX collapse offers an opportunity to reshape the industry

The collapse of the FTX exchange was a 'tragic event' for the industry, but it also opened an opportunity to restructure it with a focus on trust and further decentralisation. OpenSea NFT marketplace CEO Devin Finzer said this in an interview with Decrypt.

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ForkLog 62 01.12.2022

BlackRock reveals $24 million investment in bankrupt FTX

The BlackRock-managed fund of funds invested $24 million in the bankruptcy proceedings of the Bitcoin exchange FTX. This data was shared by the CEO of the asset-management firm, Larry Fink, Reuters reports.

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