FTX | ForkLog - Part 30

ForkLog 20 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 7 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 36 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 17 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 14 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 8 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 11 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 6 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 19 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 14 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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ForkLog 8 16.11.2022

FTX Bahamas unit seeks Chapter 15 bankruptcy protection in the United States

FTX Digital Markets (FDM), the Bahamas-based subsidiary of FTX, filed in the Southern District of New York a petition under Chapter 15 of the U.S. Bankruptcy Code. Bloomberg reports.

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ForkLog 14 16.11.2022

Australian regulator suspends license of local FTX unit

The Australian Securities and Investments Commission (ASIC) has suspended the financial-services licence issued to the local subsidiary of the FTX bitcoin exchange, according to a press release.

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