FTX

Sam Bankman-Fried has reportedly been remanded to the Department of Corrections after a magistrate judge in the Bahamas denied his bail application. What Happened: The disgraced former CEO of FTX (CRYPTO: FTT)has been deemed “a flight risk” and will be detained until at least...

One of the biggest stories for the financial markets in late 2022 is the collapse of the cryptocurrency platform FTX and the continuation of the crypto winter. Here’s a look at how much an investment in leading cryptocurrency Bitcoin (CRYPTO: BTC) would be worth now, based on when FTX...

The Bahamas securities regulator has reacted sharply to what it says are "misstatements" made by FTX CEO John J. Ray III, accusing him of hindering an inquiry into the defunct cryptocurrency exchange. The Bahamas Securities Commission (BSC) said in a statement that Ray was more...

John Ray, the newly appointed CEO of FTX, said his predecessor Sam Bankman-Fried and his senior coterie had "free rein" over the troubled cryptocurrency exchange and its sister trading entity Alameda Research. There were no distinctions between FTX, Alameda Research, and other firms which...

Sam Bankman-Fried, FTX, and Alameda Research have been sued by the Commodity Futures Trading Commission (CFTC) for breaking federal commodities regulations.  The top U.S. derivatives regulator alleges that Bankman-Fried and other FTX executives borrowed hundreds of millions of dollars from...

Even as the bankrupt cryptocurrency exchange FTX attempts to pay creditors in the U.S., the Bahamas liquidators are attempting to exclude more than $200 million in luxury properties from the estate of the country. According to court records filed on Monday, lawyers for FTX CEO John Ray are...

About 60% of Americans believe investing in digital currency is a risky endeavor — a 15% increase from 2021. Crypto remains among the least popular investment option, states a survey, with just 10% saying they invest in the digital assets. What Happened: The findings, uncovered in...

Canada's financial authority is strengthening the requirements that crypto trading platforms must adhere to in an apparent response to the collapse of crypto exchange FTX (CRYPTO: FTT). Additionally, there will be stricter enforcement of licensing, including for companies that are accessible to...

The United States Securities and Exchange Commission (SEC) has accused Sam Bankman-Fried of “fraud” following the collapse of FTX (CRYPTO: FTT), the cryptocurrency exchange he founded. The ex-CEO was accused of "orchestrating a scheme to defraud equity investors in FTX Trading Ltd...

Bitcoin (CRYPTO: BTC) critic and gold bull Peter Schiff questioned why the U.S. government moved to charge FTX (CRYPTO: FTT) founder Sam Bankman-Fried a day before he was due to testify before Congress. What Happened: Schiff said on Twitter, “From a tactical perspective, I don't...

U.S. Congresswoman Maxine Waters (D-CA.), Chairwoman of the House Financial Services Committee, expressed surprise at the sudden arrest of Sam Bankman-Fried in the Bahamas. What Happened: Rep. Waters issued a statement on Tuesday following the arrest of the FTX (CRYPTO: FTT) founder....

Dogecoin (CRYPTO: DOGE) founder Billy Markus took a break from code-writing to tweet out a resoundingly ironic response to the news of FTX (CRYPTO: FTT) founder Sam Bankman-Fried's arrest in the Bahamas. "Such a good day," he posted. What Happened:  On Monday evening, Markus...

The last tweet from FTX (CRYPTO: FTT) founder Sam Bankman-Fried “SBF” before his arrest was a clear and resounding denial— he declared that he had no part in any chat group named "Wirefraud".  What Happened: On Monday evening, a crypto analyst 'db' sent out...

FTX founder Sam Bankman-Fried was under pressure to nominate a new CEO in early November, according to his draft testimony. What Happened: The testimony, seen by Reuters, states that Bankman-Fried nominated John Ray as CEO under pressure by lawyers Sullivan and Cromwell as FTX (CRYPTO: FTT)...

Disgraced crypto mogul Sam Bankman-Fried was arrested in the Bahamas on Monday, following the receipt of formal notification from the U.S. according to the Ministry of Legal Affairs in the Bahamas. Bahamian authorities said that the U.S. is likely to request his extradition. What Happened:...