Just-In: FTX-Alameda Research Contagion Could Spread To These Banks
Prosecutors are relatively clear about the relations between trading firm Alameda Research and crypto exchange FTX following the recent investigations. Alameda is found to be the primary firm supporting FTX operations including accounts, transfers, trading, and others as FTX spun off from Alameda in 2019.
FTX To Resume Paying Wages
Cryptocurrency exchange FTX Trading and its affiliates will resume paying wages to employees globally and to some non-U.S. contractors and service providers, according to a press release on Monday.
Calls for Regulation Get Louder as FTX Contagion Continues to Spread
Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry. In just the last 24 hours, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an “absolute necessity” for the European Union, while United States House Financial Services Committee Chair Maxine Waters announced that lawmakers will explore the collapse of FTX in a Dec. 13 inquiry. (Cointelegraph)
Mark Cuban: If I Were Sam Bankman-Fried, I'd Be Afraid of Going to Jail for a Long Time
The billionaire owner of the NBA team Dallas Mavericks and a Stark Tank star, Mark Cuban, says that if he were the former FTX CEO Sam Bankman-Fried, he would be afraid of going to jail for a long time. “I talked to the guy and thought he was smart … I had no idea he was going to take other people’s money and put it to his personal use,” Cuban said. (Bitcoin.com)
FTX Resumes Employee and Contractor Payments After Weeks in Limbo
Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world.
FTX Leadership Misrepresented Bahamas Authorities’ Actions, Says AG
The jab is the latest in a series of back-and-forths between FTX’s new management and Bahamian authorities.
US House Committee Sets Dec. 13 Date for FTX Hearing
The United States House Financial Services Committee has announced it will be holding a hearing to investigate the events around the collapse of crypto exchange FTX.
FTX Collapse Impacts Miami’s Nightclub Scene: Report
The fallout from the collapse of FTX spans beyond the Web3 and crypto ecosystem. Reports <a href="https://www.ft.com/content/68ca53f4-50e1-4607-8b05-a8801d8b1cb5" target="_blank">gathered</a> by the Financial Times suggest that nightclubs in Miami have been negatively affected by the collapse of the once-reputable cryptocurrency exchange.
BlockFi Has Filed for Chapter Bankruptcy Protection, US$256.9 Million in Cash on Hand
Crypto lender BlockFi has filed for Chapter bankruptcy protection.
FTX Fallout Continues As Crypto Lender BlockFi Declares Bankruptcy
Crypto lender BlockFi filed for bankruptcy protections Monday, days after suspending withdrawals amid the ongoing fallout from exchange FTX's bankruptcy.
