FTX
- Business
FTX collateral crashed down to $8 bn from $60 bn as CEO ‘froze up in face of pressure’
San Francisco: Sam Bankman-Fried (SBF), founder of bankrupt crypto exchange FTX and trading house Alameda Research, “froze up in the face of pressure” as his company collapsed, bringing its collateral down to…
- Technology
FTX bankruptcy filing reveals staggering mismanagement
San Francisco: A new court filing concerning the bankrupt Sam Bankman-Fried’s companies has revealed a crypto empire that was massively mismanaged and possibly fraudulent – a “complete failure of corporate controls”. “Never…
- Business
FTX CEO pocketed $300 mn after big funding raise: Report
San Francisco: Sam Bankman-Fried, CEO of now bankrupt cryptocurrency exchange FTX, pocketed $300 million after a big funding raise last year, the media reported. According to The Wall Street Journal, the beleaguered…
- Technology
Crypto exchange FTX files for bankruptcy, CEO Sam Bankman-Fried resigns
San Francisco: The beleaguered crypto exchange FTX on Friday announced it has filed for Chapter 11 bankruptcy in the US, as its Founder and CEO Sam Bankman-Fried resigned from his role. John…
- Technology
Fired by Twitter, prankster Rahul Ligma now sacked by crypto exchange FTX
New Delhi: There is no stopping prankster Rahul Lingma, who became a social media sensation after posing as a fired Twitter employee in front of its headquarters in the US. Ligma is…
- Business
Crypto exchange Coinbase to lay off more employees amid FTX saga
San Francisco: Leading crypto exchange Coinbase will lay off more employees soon in a fresh round of job cuts, as the world of crypto faces another existential threat after the FTX collapse,…
- Technology
Crypto exchange FTX acquiring stake in BlockFi: Report
San Francisco; Leading crypto change is reportedly acquiring a stake in the beleaguered crypto lending firm BlockFi, as the crypto industry faces meltdown. According to Wall Street Journal, FTX is currently in…