US Congressman Defends Decentralization, Blames SBF, Gensler, CeFi for FTX Collapse
U.S. Congressman Tom Emmer said FTX’s collapse was not a crypto failure; instead, it was a failure of centralized finance (CeFi), Sam Bankman-Fried, and SEC’s Chairman Gary Gensler in a Nov. 22 Fox Business interview.
SEC Facing Rising Scrutiny After FTX’s Epic Implosion
After the high-profile implosion of FTX, crypto skeptics and digital currency advocates have both asked the question: Could the Securities and Exchange Commission have done more?
At FTX’s First Bankruptcy Hearing, Lawyer Calls Out ‘Substantial Amount’ of Missing, Stolen Assets
A “substantial amount of assets” of collapsed cryptocurrency exchange FTX have either been stolen or are missing, an attorney for FTX said on Tuesday at its first hearing in the federal bankruptcy court in Delaware, U.S.
UK’s Starling Bank Blocks Crypto Transactions Post-FTX Collapse
Starling Bank has joined other UK-based banking companies to end support for transactions related to crypto.
Sam Bankman-Fried Reportedly Owns a $100 Million Stake in Elon Musk’s Twitter
Embattled FTX founder Sam Bankman-Fried owns a stake in Twitter that's worth about $100 million, according to a report from Semafor.
Streaming Giants Fight to Get FTX Saga Movie Rights
Amazon Studios, Apple, and Netflix are all vying to get the film and TV rights to a Michael Lewis book on the FTX collapse. Apple is reportedly close to sealing the deal.
FTX Collapse Triggers Second Thoughts on Busan City’s Crypto Exchange Plans
The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange.
NBA Team Golden State Warriors Faces Lawsuit For Promoting FTX as a Safe Platform
An FTX user is suing NBA team Golden State Warriors, accusing them of fraudulently promoting the FTX exchange after losing $750,000 due to the platform’s collapse.
Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing impact,” said the deputy governor.
BlockFi Puts Client Loans Into Forbearance
Crypto lender BlockFi has put client loans into forbearance, according to a customer email viewed by The Block. "At this time, clients do not have the ability to post new funds to BlockFi," the email states. "As a result, we are putting your loan into administrative forbearance. Any amounts due, including interest and maturity payments, are placed on hold until further notice."
