FTX | ForkLog - Part 33

ForkLog 21 11.11.2022

Changpeng Zhao warns of a cascading crisis in the crypto industry

The current situation in the cryptocurrency industry echoes the 2008 financial crisis, and in the coming weeks even more companies may go under. This is the view of Binance CEO Changpeng Zhao, according to the Financial Times.

AI translated

ForkLog 14 11.11.2022

Pantera Capital says FTX crash had only a minor impact on its business

The collapse of the FTX crypto exchange has had only a minor impact on Pantera Capital's business, according to partner Paul Veradittakit.

AI translated

ForkLog 39 11.11.2022

FTX Group files for bankruptcy. Sam Bankman-Fried resigns as CEO

FTX Group has filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code. Sam Bankman-Fried has stepped down as CEO.

AI translated

ForkLog 20 11.11.2022

Cyprus regulator suspends FTX license

The Cypriot financial regulator (CySEC) intends to suspend the license of FTX's European subsidiary, according to Bloomberg.

AI translated

ForkLog 17 11.11.2022

Justin Sun says he’s prepared to provide a ‘billion-dollar aid’ to FTX

Tron Foundation founder Justin Sun told Bloomberg journalist Tom Mackenzie that he was prepared to provide a 'billion-dollar aid' to the FTX cryptocurrency exchange.

AI translated

ForkLog 13 11.11.2022

Media: Sam Bankman-Fried acknowledged Alameda Research’s $10 billion debt to FTX

FTX provided Alameda Research with client funds to finance risky operations, leading to the platform's collapse, according to informed sources at The Wall Street Journal.

AI translated

ForkLog 16 11.11.2022

FTX loses Future Fund team and head of institutional sales

The FTX institutional sales desk had no knowledge of the cryptocurrency exchange's potential insolvency during the current week. This was stated by Zane Tackett, the team's head, The Block reports citing his letter to clients.

AI translated

ForkLog 21 11.11.2022

Insider says FTX employees’ lives were destroyed

Founder and CEO of FTX Sam Bankman-Fried "destroyed the life" of many current and former employees, according to a source familiar with the situation.

AI translated

ForkLog 26 11.11.2022

Tether freezes 46.37 million USDT held for FTX at authorities’ request

Tether Limited, at the request of law enforcement authorities, froze 46,370,701 USDT on the Tron blockchain belonging to the cryptocurrency exchange FTX.

AI translated

ForkLog 17 11.11.2022

Japan regulator orders local FTX unit to suspend operations

The Japanese Financial Services Agency ordered the local unit of the FTX exchange to suspend operations and switch to close-only mode (users can close positions, but cannot open new ones).

AI translated

ForkLog 23 11.11.2022

BlockFi halts withdrawals amid FTX crisis

The lending platform BlockFi said it would not be able to operate normally and would restrict operations due to the lack of clarity regarding the status of FTX and Alameda Research.

AI translated

ForkLog 14 11.11.2022

Bahamas Regulator Freezes FTX Assets

The Securities Commission of The Bahamas has frozen the assets of FTX Digital Markets (FDM) and affiliated entities, and suspended the company's license in The Bahamas.

AI translated

#FTX