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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 …

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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 …

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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 …

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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, …

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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 …

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Cryptoverse-Elon Musk releases the bird and the dog coin flies

Cryptoverse-Elon Musk releases the bird and the dog coin flies

SINGAPORE, Nov 8 (Reuters) – This is no joke. Elon Musk’s acquisition of Twitter has put a new wind in the sails of dogecoin, the same cryptocurrency he catapulted to fame. Dogecoin’s price doubled after tycoon Tesla closed the $44 billion deal. It was trading at around $0.07 on October 27 before Musk tweeted “the …

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Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging

Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging

Oct 25 (Reuters) – As a developed country, you know your currency is in trouble when investors start hedging with bitcoin. After brief British Prime Minister Liz Truss unveiled her mini-budget on September 23, filling financial markets with dread, a section of investors moved away from the pound and into cryptocurrency. Trading volumes between bitcoin …

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