Sam Bankman-Fried to pay $250 mn bond; to remain under house arrest
A $250 billion bond is believed to be the highest federal pretrial bond, which will be paid by Bankman-Fried’s parents as bail charges.
ftx
December 2022
November 2022
August 2022
‘Mark my words': Private crypto to cause next financial crisis, says RBI Guv
The RBI governor says private cryptos should be prohibited. If they are allowed to grow, they could cause the next financial crisis, he adds.
Crypto firm Voyager Digital to sell assets worth $1.02 bn to Binance.US
Binance.US, also known as BAM Trading Services Inc, emerged as the highest bidder in a bid by Voyager Digital to sell its assets.
FTX fallout: Crypto exchange BlockFi files for bankruptcy, Bitfront to shut shop
Through the bankruptcy, the company has sought protection to restructure, settle its debts and recover money from investors.
CoinSwitch launches multi-exchange platform to power advanced traders
CoinSwitch Pro will help traders discover and leverage the price movement of crypto assets across multiple exchanges simultaneously, creating new opportunities to make profits.
Crypto firm FTX owes over $3.1 bn to 50 largest creditors
The crypto firm, which until last month was a shining star among crypto investors and enthusiasts, collapsed dramatically, wiping off billions of dollars of customer deposits overnight.
FTX crash: The rise and fall of crypto king
The development comes as the crypto exchange is undergoing investigation for financial discrepancies with millions of customers’ funds missing from the crypto exchange.
FTX ‘liquidity crunch’ shocks crypto world; Binance comes to rescue
Crises emerged after reports about shaky financial health of Sam Bankman-Fried’s FTX and its sister firm Alameda Research gained ground and led to a huge selloff, causing a liquidity crunch.
This 3-yr-old crypto firm recorded 1,000% surge in revenue to $1.02 bn in 2021
Founded by MIT graduates Sam Bankman-Fried and Gary Wang just three years back, the crypto derivatives firm saw its net income rising from $17 mn to $388 mn on a year-on-year basis
