Details of people affected by the FTX crypto-exchange collapse continue to be revealed. Overall, billions of dollars are feared to be lost. Authorities in The Bahamas have investigated & recovered a small portion, $473-million. However, for the platform users affected, it’s not nearly enough of the estimated $1-Billion of customer funds that’s not been […]
Tag: FTX
November 27, 2022
November 25, 2022
FTX Owes Over $3 Billion To Creditors, New Reports Say
Many people are wondering how much debt FTX is in after filing for bankruptcy in the midst of one of the most turbulent episodes in cryptocurrency history. Despite not knowing for certain the exact amount of debt that FTX is in, many speculate it to be massive. One of the first indications was Binance CEO […]
November 18, 2022
CZ Slams SB: “He Lied to Everybody”
CZ aka the CEO of Binance, the world’s largest cryptocurrency in the world, had an instrumental part in FTX’s fall from grace. The initial collapse started when Binance decided to dispose of assets related to FTX, causing the exchange to suffer a huge deficit in liquidity. Many attribute Changpeng Zhao’s decision as an attack on […]
