FTX run as ‘personal fiefdom’ for Bankman-Fried, say lawyers November 22, 2022 Lawyers representing collapsed crypto exchange FTX said the firm was “effectively run as a personal fiefdom” for founder Sam Bankman-Fried today, as court documents showed the firm had splurged nearly $121m in property in the past two years.
FTX bankruptcy team finds more than £1bn across Bankman-Fried’s crypto empire November 22, 2022 The team overseeing the bankruptcy of collapsed crypto exchange FTX has managed to located more cash held by Sam Bankman-Fried’s sprawling crypto empire, bringing the total to $1.24bn (£1.04bn).
Crypto AM’s James Bowater crowned ‘Blockchain Advisor of the Year’ November 22, 2022 Crypto AM founder and editor-at-large James Bowater has been named 'Blockchain Advisor of the Year' at the prestigious AIBC Awards in Malta.
Bitcoin tumbles below £13,500 as FTX turmoil continues November 21, 2022 Bitcoin has plunged below $16,000 (£13, 566) dollars today as investors flee to steadier ground amid turmoil sparked by the collapse of crypto exchange FTX.
FTX implosion shows urgent need for crypto rules, says Bank of England November 21, 2022 The implosion of FTX has underlined the need to rapidly bring crypto within the remit of financial watchdogs before it threatens the stability of the wider financial system, the deputy governor of the Bank of England has warned today.
Crypto collapse: FTX launches review of assets and seeks court relief to pay key vendors November 21, 2022 Collapsed crypto exchange FTX said it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some of its businesses, just a week after it filed for bankruptcy. FTX said the review of its global assets would “begin to maximize recoverable value for stakeholders”. In a filing this [...]
Nexo sued by investors prevented from withdrawing £107m crypto holdings in full November 21, 2022 A family of fintech entrepreneurs are suing a leading crypto exchange over claims it blocked them from withdrawing funds and then intimidated them into selling them back to the company at a discount. The three crypto investors have filed a High Court lawsuit against London headquartered Nexo over claims it stopped them from withdrawing more [...]
Collapsed crypto exchange FTX owes top 50 creditors $3.1bn November 20, 2022 Collapsed crypto exchange FTX has revealed it owes its 50 biggest creditors nearly $3.1bn, as it presses ahead with bankruptcy proceedings in the US.
IOG announces Midnight – a new blockchain to protect data and safeguard technology freedoms November 18, 2022 Blockchain developer IOG has revealed it is creating a data protection-based platform to allow users to operate more freely and securely.
Cardano builder Input Output Global invests $4.5m into Edinburgh blockchain research hub November 17, 2022 Input Output Group has ploughed $4.5 million into a research hub at the University of Edinburgh to fund new blockchain projects.