marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
debt bomb
11/18/2022
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By Cassie B.
US to extradite embattled FTX ex-CEO Sam Bankman-Fried from Bahamas
The founder of crypto exchange FTX, Sam Bankman-Fried, is expected to be extradited from the Bahamas back to the U.S. as $2 billion of clients’ money remains unaccounted for. This is according to a report from Bloomberg, which says that authorities in the U.S. and the Bahamas have been discussing extraditing him for questioning. Bankman-Fried […]
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 […]
11/17/2022
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By Kevin Hughes
Binance strategy chief takes a swipe at FTX following the latter’s bankruptcy filing
The head of strategy for cryptocurrency exchange firm Binance took a swipe at beleaguered rival FTX immediately after the latter filed for bankruptcy. “This is the direct result of a rogue actor breaking every single basic rule of fiscal responsibility,” Binance Chief Strategy Officer Patrick Hillmann said in a statement given to the Wall Street Journal (WSJ). […]
11/16/2022
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By Roy Green
Crypto lender BlockFi blocks withdrawals as FTX declares bankruptcy
The crumbling crypto industry has claimed another likely victim in BlockFi, a digital-asset lender worth $10 billion once, but is now barely functioning. With FTX announcing its plans to file for bankruptcy on Friday, Nov. 11, BlockFi announced via Twitter on the same day that it is “stopping client withdrawals” because of a “lack of clarity” […]
11/15/2022
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By Belle Carter
Former multibillion-dollar crypto firm FTX files for bankruptcy
FTX Trading Limited on Friday, Nov. 11, announced that it is going to file for bankruptcy and that Samuel Bankman-Fried is resigning as CEO. This was after the company failed to source enough capital to stay afloat. Bankman-Fried has been succeeded by John J. Ray III, though the outgoing chief will stay on to assist with the […]
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 […]
11/11/2022
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By Arsenio Toledo
Solana’s value cut in half following FTX liquidity crisis
The liquidity crisis affecting cryptocurrency exchange platform FTX has also impacted other major crypto players – including Solana and its token SOL. Earlier this month, FTX entered a downward spiral that saw the company’s fortunes crumble to almost nothing within the span of days. Binance, a rival crypto exchange, initially offered to buy the company. But less […]
11/10/2022
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By News Editors
CRYPTO CARNAGE: Bankman-Fried ‘lent’ billions in customer funds to his trading firm, setting the stage for implosion
Alameda Research – Sam Bankman-Fried’s (SBF) FTX-affiliated crypto hedge fund – “owed” FTX $10 billion after the exchange “lent” billions of dollars of sacrosanct customer assets to fund risky bets, just as we suspected… only even more! (Article by Tyler Durden republished from ZeroHedge.com) If @SBF_FTX took $6 billion in client funds from FTX and secretly syphoned them to fund […]
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 […]
08/16/2022
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By Cassie B.
CRYPTO CON: Disgraced Three Arrows Capital crypto hedge fund co-founders have a long history of questionable activities
The bankrupt crypto hedge fund Three Arrows Capital, which is being blamed for plunging a number of cryptocurrency companies into bankruptcy and accused of unethical and possibly criminal behavior, showed plenty of signs of poor management long before its spectacular collapse. In fact, its two 35-year-old co-founders, Su Zhu and Kyle Davies, who are now […]
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