The millennials behind the implosion of crypto hedge fund FTX lived a life of pill\u002Dpopping, bed\u002Dhopping and video games in their Bahamas HQ.
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The Post said the HQ boasted “six bedrooms, two elevators, manicured grounds, a golf course and a boat basin packed with super yachts.” Inside, the millennial masters of the universe had all-night sex parties fuelled by amphetamines.Article content One Twitter feed suggested that SBF was using a patch packed with a drug called EMSAM. The drug is a “methamphetamine derivative used on-label to treat symptoms of Parkinson’s disease and is known to increase energy.”Article content
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Here’s what this hedge fund manager thinks of crypto despite the FTX wreckPershing Square Capital Management’s founder and CEO, Bill Ackman, stated that cryptocurrency has the potential to tremendously benefit society. However, this was as long as the sector managed to wipe out the bad actors in the market. Even after the collapse of FTX, the billionaire investor was still optimistic about cryptocurrencies. He said, “I was […]
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Assessing the impact of the FTX debacle on South Korea and moreSouth Korea has begun a probe into cryptocurrency exchanges in the country in relation to offering native tokens, as per a local news report. The Korea Financial Intelligence Unit (KoFIU) is the financial regulatory agency of South Korea. This regulatory body was investigating this matter in the wake of the bankruptcy filing of crypto exchange […]
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Collapsed crypto exchange FTX holds US$1.24-billion cash balance ahead of bankruptcy hearingFTX’s cash balance as of Sunday was ‘substantially higher’ than previously thought, a filing by a consultancy firm advising the crypto exchange, said
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This on-chain sleuth and his deep dive into misconceptions around FTX state that…It’s been two weeks since the Bahamas-based crypto exchange, FTX filed for bankruptcy. Along with the news of the bankruptcy came details about suspicious transactions. In the aftermath of FTX’s collapse, the crypto market was exposed to levels of fear and uncertainty that weren’t seen even during the Terra debacle. Furthermore, Crypto Twitter has been […]
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FTX owes nearly $3.1B to creditors, lawyers warn about “Enormous Exercise”Investors are curious as to when they will get their money from the now-defunct cryptocurrency exchange FTX. Unfortunately, insolvency attorneys have cautioned that it might take “decades.” The cryptocurrency exchange reportedly owes its 50 largest creditors close to $3.1 billion. Additionally, it has applied for bankruptcy court protection in the United States. Without naming them, […]
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“Funds stolen from FTX” on the move: A dump will have this effect on ETHAccording to recent reports, the FTX hacker has moved the stolen funds to prepare for a dump Some assets were stolen, while others were transferred to the Bahamas Securities Commission According to a tweet published by Chainalysis on 20 November, the stolen assets from the FTX cryptocurrency exchange have been changed from ETH to BTC. […]
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