FTX Withdraws Big Plan to Overhaul How Crypto Derivatives Trade
FTX's derivatives wing withdrew a proposed plan to directly settle crypto derivatives products from the Commodity Futures Trading Commission (CFTC) on Friday, Bloomberg reported citing a person familiar with the matter.
Amy Wu Resigns From FTX Ventures as SBF's Crypto Empire Unravels
Amy Wu, a former partner at Lightspeed Venture Partners that joined FTX in January to launch a $2 billion venture fund, resigned on Thursday, after the Lehman Brothers–style collapse of the crypto exchange this week left its VC arm in shambles.
Coinbase to Write off Investment That Its Ventures Arm Made in FTX
(Reuters) - Coinbase Global Inc will write off the investment its ventures arm made in cryptocurrency exchange FTX in 2021, according to a person familiar with the matter.
Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX Bankruptcy
Justin Sun, founder of the Tron network and a one-time, potential savior of the insolvent crypto exchange FTX, moved $6.1 million in stablecoins from decentralized lending protocol TrueFi, which is among companies weighted down by FTX sister company Alameda Research's debts.
The Dont Have Anything We Dont Have: CZ on Why The FTX Deal Fell Through
“From a financial perspective, there is a big hole. From new users, we have very high overlaps. We cover all the regions they cover and they have much less users than us. From a technology or product perspective, I think we have a superior product. They don’t have anything we don’t have.”
Making Sense of FTX and Where We Go From Here
It’s highly unlikely anyone predicted the collapse of FTX in 2022.
Market Wrap: Bitcoin Returns to Red, Tumbling 7% on FTX Collapse
<b>FTX</b> crashed. Cryptocurrency prices tumbled on Friday as fretful investors returned to their defensive postures of earlier in the week.
Alameda Promised ‘High Returns With No Risk’ in 2018 Pitch
Regulatory red flags tied to Sam Bankman-Fried's crypto trading firm Alameda Research may date all the way back to 2018.
Criminal Charges Against SBF 'on the Table' After FTX's Epic Collapse
Former FTX CEO Sam Bankman-Fried’s legal woes could go from bad to worse. After his crypto empire filed for bankruptcy protection, Bankman-Fried could face criminal charges — with his own tweets supplementing the evidence — legal experts say.
5 Types of Businesses/Exchanges/Projects to Avoid, Says Binance CEO
Zhao anticipates that more companies will fold as the exchange’s collapse cascades across the industry.
