FTX | ForkLog - Part 26

ForkLog 24 09.12.2022

Amber Group trims staff and operating costs amid crypto winter

Amber Group terminated sponsorship agreement with Chelsea FC for £20m ($25m) and announced a 40% staff cut.

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ForkLog 22 09.12.2022

Sam Bankman-Fried ignores summons to U.S. Senate hearings

The founder and former CEO of the bankrupt FTX, Sam Bankman-Fried, did not respond to a request to testify at the U.S. Senate Banking Committee hearings by the December 8 deadline.

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ForkLog 8 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 20 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 20 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 18 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 14 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 14 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 19 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 17 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 15 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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