marketcrash
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debtcollapse
bankruptcy
11/18/2022
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By News Editors
FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund
Disgraced cryptocurrency exchange FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund Alameda Research, which likely sourced the money from FTX customer funds. (Article by Alana Mastrangelo republished from Breitbart.com) On Thursday, it was revealed by FTX’s new CEO John Ray, III that the collapsed company’s bankruptcy filing shows it […]
11/17/2022
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By Kevin Hughes
FTX founder Sam Bankman-Fried puts up Bahamas penthouse for sale at $40M
Sam Bankman-Fried, the founder of beleaguered cryptocurrency exchange company FTX, has put up his penthouse in the Bahamas for sale with a $40 million price tag. According to a report by Semafor, the 12,000 square-foot residence located in the Albany luxury resort community was recently listed for sale. While the realtor in charge refused to […]
11/15/2022
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By JD Heyes
Disgraced FTX founder Bankman-Fried allegedly used billions in customer funds for trading, leveraging company (while funding Democrats)
The more we discover about FTX crypto exchange founder and CEO Sam Bankman-Fried, the more we learn about what a criminal he really is. According to reports, Bankman-Fried’s trading firm, Alameda Research, allegedly used billions of dollars worth of customer funds while using the exchange’s native token as collateral. “The quant trading firm Sam Bankman-Fried founded was […]
11/13/2022
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By JD Heyes
Founder of bankrupt FTX crypto exchange lost billions but not before donating millions to Dems, left-wing causes
The corporate world’s financial fealty to cancel culture Democrats continues to the detriment of investors who have now lost billions of dollars after foolishly handing money over to a left-wing con artist. Sam Bankman-Fried, the founder of crypto exchange FTX, has vanquished more than $15 billion in claimed assets, but while he still had other people’s […]
08/18/2022
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By Cassie B.
Crypto ad spending down 99.9% since February as industry meltdown continues
Anyone who has watched sports on TV in the past year can attest to the prevalence of cryptocurrency ads, but things have changed dramatically in the past few months as the crypto industry experiences significant turmoil. Sports and crypto are closely linked, with the Morning Consult reporting that sports fans are twice as likely as […]
08/08/2022
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By JD Heyes
Bank failures coming: Raft of federally insured banks compromised by unwise over-investment in failing cryptocurrencies and exchanges
It’s bad enough that millions of cryptocurrency investors have lost nearly all of their initial money after the industry began crashing earlier this year, but now it looks as though federal taxpayers are also going to be on the hook. According to a report by Wall Street On Parade, Sen. Elizabeth Warren (D-Mass.) tipped everyone off […]
07/29/2022
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By JD Heyes
Another cryptocurrency firm tanks, files for bankruptcy protection and takes life savings of thousands of people with them
Cryptocurrency firms continue to tank amid uncertainty about the future and as more and more of them are exposed as being shams. Last week, crypto lender Celsius Network, which was already suffering from a massive cash shortage, filed for Chapter 11 bankruptcy protection in the Southern District of New York — an action that came after […]
07/26/2022
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By News Editors
Tales from the crypto: Trapped Celsius customers share financial horrors
Liquidity-challenged crypto lender Celsius Network filed for Chapter 11 bankruptcy protection earlier this month in the Southern District of New York – over a month after it halted customer withdrawals, citing “extreme market conditions.” (Article by Tyler Durden republished from ZeroHedge.com) The filing came just nine days after crypto broker Voyager Digital filed for Chapter 11 in the […]
07/26/2022
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By Arsenio Toledo
Desperate crypto investors scramble, beg to withdraw their money
Regular Americans who invested and stored their assets in crypto banks are now reeling and fighting tooth and nail just to get all of their assets back. Big-name cryptocurrency lending companies like Celsius Network and Voyager Digital also offered bank-like accounts that pay interest rates far higher than traditional lenders. These companies even marketed themselves […]
07/06/2022
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By Belle Carter
Bear market effect: Crypto miners face margin calls as debt mounts
Cryptocurrency miners are facing margin maintenance calls as the bear market continues to claim victims. Bear market is the term used to describe a sustained period when the equity markets are down at least 20 percent from their recent peaks. Maintenance call, on the other hand, refers to a call to an investor for additional funds […]
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