FTX
The Congressional Probe of the FTX Collapse Begins
Bankrupt FTX's new CEO John J. Ray III describes the exchange as an ‘old-fashioned embezzlement.’ That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Rechazan el pedido de libertad bajo fianza para Sam Bankman-Fried en las Bahamas
El fundador del exchange FTX fue detenido el lunes.
Binance Founder ‘CZ’ Insists We Can Trust His Crypto Exchange – but Can We?
After the arrest of FTX founder Sam Bankman-Fried, some users fear that exchange behemoth Binance will be the next crypto domino to fall.
Bankman-Fried Lawsuits Expose FTX's 'Special Treatment' of Alameda Research
Sam Bankman-Fried’s “personal piggy bank” Alameda Research was deeply intertwined with his exchange, FTX.
U.S. Attorney for SDNY Announces Charges Against Sam Bankman-Fried
Damian Williams, the United States Attorney for the Southern District of New York, announced that former FTX CEO Sam Bankman-Fried was charged in an 8 count indictment that includes allegations of fraud, money laundering, and campaign finance offenses. Plus, in testimony before the U.S. House Financial Services Committee, new FTX CEO John J. Ray III said FTX embezzled customer funds.
Bitcoin Above $17K as US CPI Report Shows Slower-Than-Expected November Inflation
Verified Investing Crypto Chief Market Strategist Gareth Soloway discusses his outlook for the crypto markets as bitcoin (BTC) jumped above $17,000 after the U.S. consumer price index (CPI) report revealed inflation slowed more than expected. Plus, the impact of Sam Bankman-Fried's arrest and the continued fallout of FTX.
FTX's New CEO: 'This Is Really Old-Fashioned Embezzlement'
John J. Ray III, FTX's replacement CEO said in testimony before the U.S. House Financial Services Committee, "This is really old-fashioned embezzlement ... This is just taking money from customers and using it for your own purpose." Freshfields Bruckhaus Deringer Partner Timothy Howard breaks down the latest legal developments, citing his experience working at the United States Attorney’s Office for the Southern District of New York.
New FTX CEO Outlines Findings Since Crypto Exchange Takeover
Former FTX CEO Sam Bankman-Fried is heading into criminal-defense mode, but John J. Ray III is trying to make sense of the company as he seeks a recovery for damaged creditors. In his opening remarks at Tuesday's FTX congressional hearing, the new CEO laid out his key findings since taking over the reins of the bankrupt crypto exchange.
FTX Worse Than Enron, New CEO Says
New FTX CEO John J. Ray III explains how the crypto exchange compares to Enron. "The multi-billion dollar company used QuickBooks," Ray said at Tuesday's congressional hearing on FTX. He also added, "We had one person, really, controlling this."
New FTX CEO: 'No Separateness Whatsoever' Between FTX, Alameda Research
John J. Ray III, the new CEO of bankrupt crypto exchange FTX, testified before the U.S. House Committee on Financial Services Tuesday. He added, "There were virtually no internal controls and no separateness whatsoever" between FTX and Alameda Research.