FTX

Britain lays out plans to regulate crypto industry after FTX collapse

British Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University, January 30, 2023. Oli Scarff | Wpa pool | Getty Images News The UK has officially outlined plans to regulate the cryptocurrency industry, with the government looking to curb some of the reckless business practices that have emerged over the …

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Sam Trabucco, a student at Roxbury Latin and MIT, made his fortune trading crypto. Now he is the odd man out in the FTX saga.

Trabucco was one of the top executives in Sam Bankman-Fried’s crypto empire. He was co-CEO of Alameda until August. In November, FTX and Alameda imploded within days as a deposit flight exposed Alameda’s loss of billions of dollars in FTX client funds. Now the companies are the subject of bankruptcy proceedings and a wide-ranging criminal …

Sam Trabucco, a student at Roxbury Latin and MIT, made his fortune trading crypto. Now he is the odd man out in the FTX saga. Read More »

Bitcoin just recovered from the implosion of FTX. Could Genesis bankruptcy push it to a new low?

By Frances Yue Welcome back to the Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. As crypto lender Genesis reportedly prepares to file for bankruptcy as early as this week, I spoke with David Siemer, CEO of Wave Financial Group, and Hany Rashwan, CEO of 21Shares, to discuss its potential impact. Meanwhile, the …

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Top Crypto Scandals: FTX Crypto Scam and Other Notable Hacks in 2022

In recent years, we have seen an increase in high-profile incidents involving hacking and fraud in the cryptocurrency market, resulting in millions of dollars in losses for investors in 2022 alone. These events have raised concerns about the safety and stability of the crypto market and caused many to doubt the safety of their investments. …

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FTX says $415 million worth of cryptocurrency was hacked

The FTX logo displayed on a phone screen is seen through broken glass in this photo illustration taken in Krakow, Poland, on November 14, 2022. Jakub Porzycki/NurPhoto via Getty Images Bankrupt crypto firm FTX said on Tuesday that $415 million worth of cryptocurrency was hacked from the exchange’s accounts, representing a significant portion of the …

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Bitcoin Rises, Nexo Charges Up, GBTC Still Wants to Be an ETF, Crypto Exchanges Struggle, FTX, Voyager – 50 Foot Blockchain Attack

Per Amy Castor and David Gerard “It’s important to learn to get out of things. This is what separates us from animals… except the weasel.” — Homer Simpson Increase the number Why is the price of bitcoin higher than $20,000? The answer is always, always “tricks”. It’s never macroeconomic actions, regulatory announcements or dollar strength. …

Bitcoin Rises, Nexo Charges Up, GBTC Still Wants to Be an ETF, Crypto Exchanges Struggle, FTX, Voyager – 50 Foot Blockchain Attack Read More »

Opinion: Miami is one step closer to imploding its crypto dreams

Editor’s note: Jake Cline is a Miami-based writer and editor whose work has appeared in the Washington Post, The Atlantic and other national newspapers. He was a member of the 2019 Pulitzer Prize-winning team for the South Florida Sun Sentinel’s coverage of the mass shooting at Marjory Stoneman Douglas High School. The opinions expressed here …

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Scaramucci invests in a crypto company founded by the former head of FTX in the US

(Bloomberg) — Anthony Scaramucci said he is investing in a company founded by Brett Harrison, the former chairman of defunct cryptocurrency exchange FTX US. Most read by Bloomberg Scaramucci will use his own money for the venture to show his support for Harrison, he said in an email. Harrison was seeking up to $100 million …

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Crypto.com lays off 20% of staff as FTX contagion deepens

Crypto.com will lay off 20% of its corporate workforce, or nearly 1,000 people, to adapt to current market conditions, CEO Kris Marszalek said in a tweet on Friday. Company executives notified affected employees of the job cuts “as part of structural changes,” becoming the latest digital asset store to cut headcount. Employees have been told …

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FTX filings highlight crypto industry risk management

The FTX collapse provides a masterclass in crypto industry risk management and accounting lapses without warning. This, as court documents confirm that what was once the world’s third largest cryptocurrency exchange was set up from the start so that user funds entrusted to the platform could come without the knowledge or consent of their owners. …

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