Sam Bankman-Fried, the former Chief Executive Officer of FTX, reveals what truly happened in the days leading up to the company declaring bankruptcy. Also, he gives reasons why the exchange only permitted withdrawals for Bahamian users. Bankman-Fried argues in a phone chat with cryptocurrency blogger Tiffany Fong on Nov.16 that he decided to allow withdrawals […]
About: RMade
Posts by RMade:
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Sam Bankman-Fried Let Bahamians Make A Withdrawal Before The Crash
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BitFront, A US Crypto-Exchange, Closes To Focus On LINE & LINK
Investors are surely hurt by the shutdown of Bitfront. Many are noticed to be skeptical about investing in cryptocurrency. Is there still hope in the digital money world? Only time will tell. Despite attempts to overcome difficulties in the quickly developing market, the U.S. cryptocurrency exchange is shutting down. It announced it has ceased new […]
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Genesis, A Crypto-Giant, Now Struggles Too After FTX Crash
Genesis, a U.S. cryptocurrency brokerage, announced on Tuesday (29th November) that it was attempting to escape bankruptcy. This was after Bloomberg News reported that the company’s creditors were banding together with restructuring attorneys for the same goal. Genesis together with its lawyers is trying to come up with ways of escaping bankruptcy. A stark contrast […]
