FTX | ForkLog - Part 30

ForkLog 17 18.11.2022

Bahamas Authorities Seize Assets of FTX Digital Markets

On 12 November the Bahamas Securities Commission transferred all assets of FTX Digital Markets (FDM) to a wallet under its control.

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ForkLog 16 18.11.2022

Binance confirms discussions with regulators over its role in the FTX collapse

Regulators in many countries have sent Binance inquiries regarding its {{AOPEN_1}}collapse of FTX{{ACLOSE_1}} involvement. The Block confirmed this, according to a spokesperson for the cryptocurrency exchange. A company employee refused to provide details, citing the confidentiality of talks with regulators. Earlier, the exchange's staff responded to questions from members of the UK House of Commons. Lawmakers expressed disappointment at the lack of specifics in the responses. According to Bloomberg, the Treasury Committee planned to obtain internal Binance records regarding the {{AOPEN_2}}decision to sell on November 6 the FTT{{ACLOSE_2}}, the utility token of the FTX exchange.

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ForkLog 23 18.11.2022

Nansen reconstructs timeline and identifies the root cause of the FTX collapse

About 86% of FTX's utility tokens (FTT) were initially controlled by the exchange itself and by Alameda Research, affiliated with Sam Bankman-Fried. Those findings come from a Nansen study.

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ForkLog 14 18.11.2022

Journalists reveal Vauld’s $10 million stuck on FTX accounts

The crypto-lending platform Vauld, undergoing restructuring, held $10 million on accounts at the bankrupt FTX. The Block reported this, citing informed sources.

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ForkLog 42 17.11.2022

FTX CEO accuses former leadership of favouring Alameda Research

FTX's new CEO John Ray accused Sam Bankman-Fried and other former exchange executives of concealing the illicit use of customer funds and a 'secret release of Alameda Research from certain aspects of the auto-liquidation protocol' on the platform.

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ForkLog 20 17.11.2022

Binance.US to bid in auction for Voyager assets

Binance's U.S. unit filed a fresh bid to participate in the auction for the assets of the bankrupt lender Voyager Digital, according to sources familiar with the matter, as reported by CoinDesk.

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ForkLog 22 17.11.2022

Singapore’s Temasek Holdings writes off $275 million in FTX investments

Singapore's Temasek Holdings wrote off investments in the FTX cryptocurrency exchange and its U.S. subsidiary FTX US. The group recorded total losses of $275 million.

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ForkLog 15 17.11.2022

FTX’s new CEO urges not to rely on Bankman-Fried’s statements

John Ray, the newly appointed CEO of FTX and chief restructuring officer, stressed that Sam Bankman-Fried (SBF) does not have a permanent role and does not speak on behalf of the bitcoin exchange and its affiliated companies.

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ForkLog 26 17.11.2022

US Congress probes Binance’s role in FTX collapse

The role of Binance in the sudden collapse of one of its rivals, the FTX exchange, drew close attention from the US Congress. The Block reported that Representative Patrick McHenry.

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ForkLog 11 16.11.2022

Reuters: U.S. investors file class-action lawsuit against Sam Bankman-Fried

A group of American investors has filed a lawsuit against former FTX chief executive Sam Bankman-Fried. Reuters reports, citing court documents.

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ForkLog 27 16.11.2022

Genesis Global Capital suspends crypto-lending operations

The cryptocurrency OTC platform Genesis Trading froze withdrawals and new loan origination amid heightened withdrawal requests from clients after the FTX collapse.

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ForkLog 18 16.11.2022

Paradigm regrets its investment in FTX

Paradigm deeply regrets its investment in the cryptocurrency exchange FTX, said Matt Huang.

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