Giant Bitcoin Miner Core Scientific Files For Bankruptcy
One of the largest bitcoin mining companies in the U.S. has filed for Chapter 11 bankruptcy protection. Core Scientific has officially filed for bankruptcy. The filing followed a decline in…
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‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court as Bahamian, US Legal Team Prep for Extradition
FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with…
Binance.US To Acquire Bankrupt Voyager Digital’s Assets
The American Binance entity has submitted a winning bid for the bankrupt cryptocurrency firm’s assets. According to a press release, Voyager Digital Ltd. announced that Binance.US, an American licensed entity…
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Time for Serious Global Crypto Regulation, Germany Says
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the…
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Former FTX Boss Speaks at Dealbook Event, Says He ‘Didn’t Knowingly Co-Mingle Funds’
On Nov. 30, 2022, the former FTX CEO Sam Bankman-Fried (SBF) discussed FTX’s collapse at the New York Times’ Dealbook Summit with Andrew Ross Sorkin in his first live-appearance interview…
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Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils
Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be…
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Crypto Exchange FTX Fires 3 Top Executives, Report Reveals
Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which…
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Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the…
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From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building…
Crypto Exchange FTX Files For Bankruptcy, CEO Resigns
FTX Group, which includes FTX U.S., filed for Chapter 11 bankruptcy following an intense liquidity crisis; CEO Sam Bankman-Fried stepped down. FTX has filed for Chapter 11 bankruptcy. The move…