BKRT

Exclusive: Bankman-Fried's FTX Parents Bought Bahamian Property Worth $121M

Exclusive: Bankman-Fried’s FTX Parents Bought Bahamian Property Worth $121M

FTX unit purchased 7 condos in upscale resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return the deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and top executives of the failed cryptocurrency exchange have purchased at …

Exclusive: Bankman-Fried’s FTX Parents Bought Bahamian Property Worth $121M Read More »

FTX Collapse Shows Need for Crypto Regulation, Says Bank of England

FTX Collapse Shows Need for Crypto Regulation, Says Bank of England

LONDON, Nov 21 (Reuters) – The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world into the regulatory framework, the Deputy Governor of the Bank of England said on Monday. Jon Cunliffe. FTX, which filed for protection in the US bankruptcy court, said it owed its 50 biggest creditors nearly $3.1 …

FTX Collapse Shows Need for Crypto Regulation, Says Bank of England Read More »

Dollar gains as China COVID concerns spur safe-haven buying

Dollar gains as China COVID concerns spur safe-haven buying

SINGAPORE, Nov 21 (Reuters) – The U.S. dollar was firmly higher against major currencies on Monday, while the Chinese yuan fell as sentiment soured on rising COVID cases and tighter restrictions in some cities of the world’s second largest economy. China’s capital, Beijing, reported two deaths on November 20, with the city’s most populous district …

Dollar gains as China COVID concerns spur safe-haven buying Read More »

Bankman-Fried says FTX filing for bankruptcy was a mistake - Vox

Bankman-Fried says FTX filing for bankruptcy was a mistake – Vox

Nov 17 (Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. Bankman-Fried later said on Twitter that the basis of the interview, an exchange of messages on the same platform, was not meant to be …

Bankman-Fried says FTX filing for bankruptcy was a mistake – Vox Read More »

Regulators surround FTX as rival exchanges try to placate investors

Regulators surround FTX as rival exchanges try to placate investors

Crypto.com CEO Says He Will Release Proof of Reserves Bitcoin stabilizes around $16,700 Binance CEO Plans ‘Industry Recovery Fund’ Small AAX exchange stops withdrawals NEW YORK, Nov 14 (Reuters) – Bitcoin and other cryptocurrencies were under pressure on Monday after crypto exchange FTX’s dramatic collapse last week, as rival exchanges sought to reassure nervous investors …

Regulators surround FTX as rival exchanges try to placate investors Read More »

FTX scrambles for funds as regulators take action

FTX scrambles for funds as regulators take action

SINGAPORE, Nov 11 (Reuters) – Regulators froze some assets of troubled cryptocurrency exchange FTX and industry peers rushed to limit losses on Friday amid worsening solvency problems of the company and increased control of its managing director, Sam Bankman-Fried. The week-long saga that began with a run on FTX, one of the biggest crypto exchanges, …

FTX scrambles for funds as regulators take action Read More »

FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as chief executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been rocked by a rush of customer withdrawals. Bankman-Fried discussed raising $1 billion each from Justin Sun, the founder of …

FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets Read More »