Bahamas-based crypto exchange FTX’s million-dollar donation to a Republican cause has become the latest development in the firm’s bankruptcy saga. The bankrupt exchange’s political donations have been widely debated as the industry deals with the fallout from its collapse. These donations were part of the reason why FTX enjoyed mainstream media popularity before its fraud came […]
Diversified political capital
This development was particularly strange, since FTX or Sam Bankman-Fried had mostly donated to democratic candidates. Data from opensecrets.org, a non-profit that tracks political donations, showed that SBFAs far as the donations from FTX are concerned, out of the $70 million that were contributed to political efforts, $41.6 million went to Democratic efforts including the Protect Our Future PAC. In contrast, Republican outfits received close to $20 million in donations.
put out by the financial regulator, this action was taken following several allegations, including embezzlement of customer funds and FTX’s failure to ensure safety of users’ funds.Subscribe to get it daily in your inbox.
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Turkey seizes FTX assets in the country and plans criminal charges against SBF(Kitco News) - The Turkish government announced Thursday that it seized the assets in its country belonging to FTX, and the government will charge Sam Bankman-Fried and others with crimes including money laundering, market manipulation and fraud.
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Caroline Ellison, hate, misogyny, FTX, and the media – Making sense of it allThere is something unequivocally spellbinding about the bear market. It reveals investors’ prudence and flushes out faint-hearted tourists. You can look at it as a catharsis of sorts. Above all that, it also reveals a lot of character. Both good and bad. In a hawkish environment, you see retailers spewing hate at bear-mongers. And, in […]
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![Ethereum [ETH]: PoS network’s performance since FTX collapse reveals…](https://i.headtopics.com/images/2022/11/24/cryptoamb/ethereum-eth-pos-network-s-performance-since-ftx-c-ethereum-eth-pos-network-s-performance-since-ftx-c-1595878924860260352.webp?w=640)
Ethereum [ETH]: PoS network’s performance since FTX collapse reveals…ETH staking and validator count growth remained unaffected as the market grappled with the FTX’s collapse There was, however, a slight fall in daily earnings per validator on the chain Seventy days since it became operational, the sudden collapse of FTX did not impair activities on the Ethereum proof-of-stake [POS] network. This, according to a […]
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Sam Bankman-Fried ran crypto exchange FTX as 'personal fiefdom,' court hearsSam Bankman\u002DFried, the ex\u002DCEO of crypto platform FTX, spent millions on vacation homes, a lawyer working on the bankruptcy said. Read on.
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What Mt. Gox’s example tells us about crypto’s future after FTXThe aftermath of the Mt.Gox collapse seems to suggest that the crypto-space would bounce back Recent BTC transfers, however, raise the question of the possibility of the FTX saga dragging on The impact of the ongoing FTX episode is still being felt, albeit it is unclear to what extent. However, new Chainalysis research suggests that it […]
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Amazon Orders Miniseries About The Rise And Fall Of The FTX Cryptocurrency ExchangeThe story of Sam Bankman-Fried is already headed to TV. On Friday, Variety reported that Amazon has ordered an eight-part Prime Video miniseries about the rise and fall of cryptocurrency exchange FTX. [readmore label='READ MORE: ' link='https://etcanada.com/news/945141/tom-brady-gisele-bundchen-other-celebrities-named-in-crypto-company-ftx-lawsuit/' text='Tom Brady, Gisele Bündchen, Other Celebrities Named In Crypto Company FTX Lawsuit'] The series is being produced by Joe…
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