Sam Bankman-Fried
Bitcoin Falls to $17K Level on FTX Contagion Fears
"Sam Bankman-Fried was very much the Jamie Dimon of crypto," says Defiance ETFs CEO Sylvia Jablonski. "When you see a major player on what feels like the verge of collapse ... it destroys the confidence of investors," she adds, explaining bitcoin (BTC)'s fall to $17,000 following the news of a potential Binance-FTX merger.
Rep. Jim Himes Reacts to FTX Fallout
Newly re-elected Congressman Jim Himes reacts to the possible Binance takeover of FTX, given Sam Bankman-Fried's role as a large donor in this election cycle. "He spent a lot of time on Capitol Hill in a really important role ... educating the Congress," Himes says of Bankman-Fried. Plus, Himes compares the FTX fallout to the "ultimate meltdown" of the internet in the early 2000s.
Sam Bankman-Fried’s Crypto Exchange FTX Agrees to Sell Itself to Rival Binance
Binance agreed to buy rival cryptocurrency exchange FTX, a stunning outcome that followed days of speculation – spurred by a CoinDesk article on Nov. 2 – that FTX and corporate sibling Alameda Research faced a liquidity crisis. CoinDesk Deputy Managing Editor Tracy Wang discusses the state of the FTX-Binance deal and the potential ripple effects.
Why Did FTX Pause Withdrawals if It Wasn't Trading Customer Funds?
The exchange's own terms of service dictate customer balances shouldn't have moved. So what really happened?
Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source
Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.
Binance CEO Zhao Says Planned FTX Acquisition Is Not a 'Win for Us'
Zhao also noted in a Wednesday memo to staff that Binance had stopped selling its holdings of FTX's tokens given the ongoing due diligence for the deal.
Sam Bankman-Fried ya no es billonario tras perder US$14.600M de la noche a la mañana
El CEO de FTX perdió aproximadamente US$14.600 millones, casi el 94% de su riqueza total, según el Índice de Multimillonarios de Bloomberg.
Stablecoin Heavyweights Circle and Tether Distance Themselves From FTX, Alameda
FTX was one of the investors in Circle's financing round of $440 million last year.
NFL Legend Tom Brady Caught in FTX Fallout, Risks Losing Complete Strategic Investment
A tarnished record after coming out of retirement, a divorce and now a wipeout of the strategic investment in FTX. It has been a rough year for the seven-time Super Bowl champion.
