FTX filed for bankruptcy protection in the highest\u002Dprofile crypto blowup to date. Read on
“What we are seeing now is a fallout of FTX is becoming much more like the 2008 financial crisis where it’s exposing poor credit practices and is exposing poor risk management,” Haas told the WSJ in an interview.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
FTX filed for bankruptcy protection in the United States on Friday in the highest-profile crypto blowup to date, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal. The collapse has fanned fears about the future of the crypto industry after FTX outlined a “severe liquidity crisis.” Since then regulators have opened investigations and lawmakers have called for clearer rules on how the industry operates.Article contentRecommended from Editorial
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Coinbase says full fallout of FTX collapse is yet to comeFTX filed for bankruptcy protection in the highest\u002Dprofile crypto blowup to date. Read on
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FTX users could get 40% of their deposits back, only if…FTX users could get half of their deposits back They will need to be patient because bankruptcy proceedings can take too long to complete Sam Bankman-Fried (SBF) officially filed for Chapter 11 bankruptcy for FTX, FTX US, and Alameda Research on Friday, 11 November 2022. According to reports, FTX creditors could reach one million. Adding […]
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Tom Brady, Larry David, other celebrities named in FTX suitA host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm's failed business model.
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Yellen, House Financial Services Committee and FDIC weigh in on FTX, crypto markets(Kitco News) - Treasury Secretary Janet Yellen was the latest U.S. regulator to weigh in on the collapse of FTX and its impact on crypto markets and the broader economy.
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Circle reveals level of exposure to FTX; should USDC holders be worried?Circle has alluded to over $10 million exposure to FTX It also hinted at the loss suffered due to Binance’s auto conversion In a recent Twitter post, Circle’s Jeremy Allaire said that USDC only had a small amount of exposure to FTX. He did not specify in the thread in what capacity or how much […]
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FTX and star backers including Brady, Curry sued by investor - BNN BloombergFTX and former CEO Sam Bankman-Fried were sued by an investor over claims that the cryptocurrency exchange now in crisis targeted “unsophisticated investors” using celebrity endorsers including Tom Brady and Stephen Curry, who are also named as defendants.
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