Changpeng Zhao, Binance CEO, faces class-action lawsuit over FTX’s downfall
Changpeng Zhao, the CEO of Binance, along with Binance.US, are at the center of a class-action lawsuit. The legal action is related to their purported role in the collapse of FTX, a competing cryptocurrency exchange. On Monday the lawsuit was initiated by California resident Nir Lahav, accusing Zhao and Binance.US of numerous federal and California […]
FTX founder considered paying Trump $5B to avoid Presidential run, reveals Michael Lewis
Former CEO of FTX, Sam Bankman-Fried, contemplated paying Donald Trump $5 billion to deter him from running for U.S. presidency, according to a new book by Michael Lewis. As per an article on Cointelegraph, Lewis unveiled the information during an interview on 60 Minutes on Saturday, October 1. The revelation is part of Lewis’s book, […]
FTX’s $3.4 Billion crypto asset sale is going live: What it means for the industry and investors
FTX, a failed cryptocurrency exchange, has been granted permission by a Delaware bankruptcy court to sell its crypto assets amounting to $3.4 billion. The court approved the motion on Wednesday, allowing FTX to liquidate up to $100 million in cryptocurrencies every week. This limit may increase to $200 million with approval from two committees representing […]
Is Binance in trouble? Adam Cochran’s raises alarm about blow up
According to Adam Cochran, there are concerns surrounding Binance and the potential consequences of an alleged blowup. Although the tip has yet to be fully verified, if true, it could lead to a longer and more painful situation than originally anticipated. Cochran has shared this information with journalists to seek confirmation. Consequently, he has replaced […]
FTX’s $3.4 Billion crypto liquidation: What you need to know
FTX, a cryptocurrency exchange facing bankruptcy, is seeking approval to liquidate $3.4 billion in Bitcoin and crypto assets. This has raised concerns among market analysts as it could potentially add selling pressure to the already struggling market. FTX’s crypto holdings include various assets such as Solana, FTT tokens, Bitcoin, Ethereum, and more. The exchange has […]
FTX founder Sam Bankman-Fried pleads not guilty to fraud charges
Sam Bankman-Fried, the founder of FTX, pleaded not guilty to seven fraud and conspiracy charges in a Manhattan federal court on Tuesday. These charges were brought against him after prosecutors alleged that he had used over $100 million in stolen customer funds for the benefit of electoral candidates and politicians. His bail was revoked due […]
Explained In 30 Seconds: Why Sam Bankman-Fried Is Finally Behind Bars After A Year
Former FTX CEO, Sam Bankman-Fried, finds himself in the Metropolitan Detention Center (MDC) in Brooklyn after his bail was revoked by Judge Lewis Kaplan. The MDC, known for its lack of comforts, is currently housing over 1,500 inmates, exceeding its capacity of 1,000. Bankman-Fried, who previously resided in a luxurious Stanford home, is expected to […]
FTX CEO’s Freedom Derailed: Sam Bankman-Fried Faces Jail Time
The bail of Sam Bankman-Fried, founder and former CEO of cryptocurrency exchange FTX, has been revoked by the Federal Court and he has been ordered to be sent to jail. Federal Court Judge Lewis Kaplan made this decision in response to allegations that Bankman-Fried, also known as SBF, had been attempting to intimidate witnesses related […]
DeSantis Perfect Choice For US President 2024? 🚀
Hey hey! Happy Friday, you crypto rebels! 🥳 The weekend is here, and it’s time to let loose and let that crypto magic take over! ✨ So, let’s catch up on all the rad stuff happening in the digital currency world with the top four news stories of the day: 👇 💸 DeSantis for President? […]