Tag Archives: ftx

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John Ray III is an attorney that’s been in the news a lot, lately. He’s the man who cleaned up the Enron mess close to 20 years ago, and now he’s been called in to fix the problems surrounding failed digital currency exchange FTX. John Ray III Has Been Called in to Fix FTX As the new CEO of the now bankrupt digital currency firm, Ray commented that he has never seen such a poorly governed company in all his life, nor has ever witnessed such mismanagement of funds. He...

Former head of MicroStrategy Michael Saylor recently gave his thoughts and opinions on the digital currency scam surrounding FTX, the now fallen cryptocurrency exchange that was once labeled the ultimate golden player in the space. Michael Saylor on the FTX Collapse His conversation began with the statement that what was happening around FTX was “tragic.” It then transitioned into a discussion of FTT, the native token of the crypto exchange. He said: Since the supply was...

Genesis Global Capital – a crypto lending company – has suspended all redemptions and related activity as it’s now one of the latest firms to be feeling the heat and buzz caused by the collapse of FTX. Genesis Global Is Stopping All Redemptions A spokesperson for Genesis Global is assuring followers that the move is only temporary. The stoppage is designed to help the company better understand what happened and protect itself from potential ripple effects following the...

Treasury Secretary Janet Yellen – who despite being a renowned economist couldn’t predict that the U.S. was headed for its worst inflationary period in over 40 years – has stated that the fall of the FTX exchange is exactly why the country needs to focus on crypto regulation. Janet Yellen Discusses Crypto Regulation In a recent interview, Yellen mentioned: The recent failure of a major cryptocurrency exchange and the unfortunate impact that has resulted for holders and...

FTX appeared to be the golden player of the crypto space for the last three years, but some investors – including Alex Pack, who manages New York-based venture capital firm Hack VC – were never convinced of the company’s prowess, and they say the company showed serious “red flags” from the start. Alex Pack Says There Were Issues with FTX from the Beginning Pack first met Sam Bankman-Fried, the man behind FTX, roughly four years ago. At the time, Bankman-Fried had not...

The government of Australia has hinted it’s going to be implementing cryptocurrency regulations in 2023. The announcement comes on the heels of the FTX collapse, which will likely go down as one of the biggest embarrassments of the crypto space. Australia Could Regulate Crypto Next Year Australian Treasurer Jim Chalmers has stated that regulators are eager to ensure crypto traders remain protected. Chalmers acknowledges that digital currency trading in Australia is...

The House Financial Services Committee has said that it is opening an investigation into fallen cryptocurrency exchange FTX and its disgraced head executive Sam Bankman-Fried. FTX Will Be the Subject of a Congressional Inquiry The announcement came from Maxine Waters, a democrat from California that heads the committee. She stated that the team also expects Bankman-Fried to testify on what occurred and hinted that Congress is using what happened with the company to get...

Popular digital currency exchange Crypto.com is in hot water after it allegedly sent a lot of digital money to the wrong account. Crypto.com Sent Money to the Wrong Area At the time of writing, Crypto.com is purported to have sent as much as $400 million in Ethereum funds to a wallet stationed on the platform of its competitor and rival Gate.io. CEO Kris Marszalek took to social media to express his remorse over the situation and explain things to potential investors. He...