Rustin Benham, the Chairman of the U.S. Commodities Futures Trading Commission (CFTC), recently testified before the United States Senate Committee on Agriculture, Nutrition, and Forestry. The testimony came to light after the turmoil in the crypto markets due to the collapse of the Bahamas-based crypto exchange, FTX. CFTC Chair wants to revisit DCCPA bill This […]
The testimony came to light after the turmoil in the crypto markets due to the collapse of the Bahamas-based crypto exchange,This was the first of several congressional hearings on FTX that are expected to be held. Chairman Benham began his testimony by addressing the downfall of FTX. The CFTC Chair argued that his agency could not have prevented the collapse of FTX since it did not have oversight of the crypto marketplace.
“Given the circumstances of the past few weeks, I think we should take a pause and look at the bill and make sure there are no gaps or no holes.”
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Blackrock CEO says, firm invested $24 million in FTXLarry Fink, BlackRock Chairman and CEO said that the firm invested $24 million in the now-bankrupt cryptocurrency exchange FTX through the funds it manages. He added that despite the fact that FTX collapsed, the technology behind crypto is still relevant in the future. Fink opined that FTX failed because it created its own centralized FTX […]
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Bankman-Fried denies trying to commit fraud at fallen FTX empire - BNN BloombergSam Bankman-Fried, the disgraced founder of the bankrupt FTX crypto empire, denied trying to perpetrate a fraud while admitting to many errors at the helm of the company.
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Clearly I made a lot of mistakes, says former FTX CEO Sam Bankman-Fired | Kitco NewsIn an interview at the DealBook Summit on Wednesday, former FTX CEO Sam Bankman-Fried admits that he “screwed up” and there was a significant lack of oversight at the now-bankrupt firm.
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Assessing the current state of FTX, tracking stolen funds, and SBF’s two cents on…On 29 November, the FTX hacker attempted to sell a portion of the stolen funds on the OKX exchange SBF claimed the hack was done by someone who had an understanding of the exchange in his recent interview In recent weeks, FTX appeared to have been hit with attacks from several angles. The breakdown and […]
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Ex-FTX CEO says he didn't 'knowingly' misuse clients' fundsThe former CEO of the failed cryptocurrency exchange FTX said Wednesday that he did not 'knowingly' misuse customers' funds, and said he believes his millions of angry customers will eventually be made whole.
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Cryptocurrency firm Auros Global misses DeFi payment, thanks to FTXCryptocurrency trading firm Auros Global has missed a loan repayment of 2,400 Wrapped Ether (wETH) worth $3 million. The update was shared by the institutional credit underwriter M11 Credit which manages liquidity pools on Maple Finance. According to M11 Credit, Auros is experiencing a short-term liquidity issue as a result of FTX’s insolvency. M11 Credit […]
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