Tag: Sam Bankman-Fried

Cryptory.net - Genesis Trading, a well-known crypto lending platform, is said to have attempted to raise more cash before it suspended withdrawals.

Cryptory.net - Even veteran billionaires in the financial and investment industries like Softbank’s Masayoshi Son also got burnt by the FTX crisis.

On November 11, FTX filed for U.S. bankruptcy protection after being unable to reach an agreement to help the company resolve its financial difficulties. Many consider this to be the end of one of the top crypto exchanges. But is it all that simple?

Cryptory.net - FTX filed for Chapter 11 bankruptcy in the U.S., such a sad ending for one of the top exchanges.

Just a day after making the deal, leading cryptocurrency exchange Binance canceled its offer to rescue FTX.

Cryptory.net - FTX CEO wrote a letter to traders to apologize for a lack of communication about its financial dealings with Binance.

FTX’s native token FTT experienced a volatile weekend as Binance dumped all of its FTT holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao (CZ) confirmed.

FTX CEO Sam Bankman-Fried said he would postpone his investment in political activities after the bold statement to spend up to $1 billion in the 2024 U.S. Presidential election.

New version of the FTX crypto exchange will bring significant improvements that could address many problems of the current version.