FTX | ForkLog - Part 33

ForkLog 23 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.

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ForkLog 13 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.

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ForkLog 7 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.

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ForkLog 5 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.

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ForkLog 6 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.

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ForkLog 13 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.

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ForkLog 16 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.

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ForkLog 9 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).

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ForkLog 14 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.

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ForkLog 12 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.

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ForkLog 17 10.11.2022

Bankman-Fried: FTX assets exceed customer deposits

FTX assets exceed client liabilities, and the liquidity crunch has not affected the exchange's U.S. arm, according to Sam Bankman-Fried.

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ForkLog 7 10.11.2022

Glassnode assesses scale of on-chain flows tied to FTX, Alameda Research and Binance

In the wake of the events surrounding FTX, Glassnode analysts conducted a study of the scale and interconnections of on-chain flows over the last year tied to FTX, Alameda Research and Binance.

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