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FTX Files Suit Against Voyager Digital For Nearly $500 Million

FTX – the now defunct crypto exchange that was previously run by founder and head executive Sam Bankman-Fried – is suing former crypto lending platform Voyager Digital for nearly $500 million. FTX and Voyager Are Now at Odds Voyager Digital filed for bankruptcy back in the summer of 2022. The company collected (allegedly) nearly $250 million from the former digital exchange in September, plus an additional $194 million about a month later. FTX also made interest payments...

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Rep. Jesus Garcia Booted from House Committee Following Alleged FTX Ties

Democrat representative Jesus “Chuy” Garcia has been removed from the House Financial Services Committee following the overtaking of the House of Representatives by republicans and the implementation of Kevin McCarthy as House Speaker. Jesus Garcia Says “Bye” to Committee Position The decision to have Garcia removed appears to stem largely from allegations that he accepted money and donations from Sam Bankman-Fried, the disgraced crypto executive in charge of the now...

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More Than $700 Million Has Been Taken from Sam Bankman-Fried

According to Sam Bankman-Fried, the disgraced head executive of the now defunct crypto exchange FTX, he only had about $100,000 to his name after his business fell into bankruptcy and he was arrested on alleged fraud charges. However, it appears federal prosecutors have seized as much as $700 million, all of which is believed to have been in accounts owned either by SBF himself or by the exchange. Sam Bankman-Fried Says He Only Had $100K In yet another string of lies,...

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How Did FTX Become the Opposite of What It Wanted to Be?

The FTX exchange, according to past testimony provided by its now disgraced founder and chief executive Sam Bankman-Fried, was initially designed as a way to merge both the crypto space and the traditional financial space together. FTX Started with Good Intentions In May of 2022, before the U.S. House Committee on Agriculture, SBF said the following: [FTX] was established to build a digital asset trading platform and exchange with a better user experience, customer...

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New FTX CEO John Ray III Says Exchange Could Be Up and Running Again Soon

FTX may restart. That’s the crazy news for today, that one of the biggest crypto debacles could eventually turn itself around. The news has been greeted with positivity given that FTT – the native token of the now defunct crypto exchange – has risen by more than 35 percent at the time of writing. Could FTX Become Operational Again? Initially, the token was trading at about $1.83, though it has since risen to just over $2.50. John Ray III – the new CEO of the exchange who...

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FTX Hack Resulted in a Lot More Money Being Stolen

The panic surrounding FTX just got a lot bigger. As if the company doesn’t have enough problems to deal with, it is alleged that as much as $415 million in crypto funds were stolen from the exchange in a hack just after it began its bankruptcy proceedings. FTX Has Lost More Money Than Originally Reported The idea that FTX was attacked by cyberthieves is not new. Several sources have been talking about this for weeks, though initially, the stolen amount was believed to be...

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Anthony Scaramucci Claims SBF Is Guilty of “Betrayal” and “Fraud”

In a recent interview, bitcoin bull and former White House communications director under Donald Trump Anthony Scaramucci compared former FTX executive Sam Bankman-Fried to Bernie Madoff, the man who orchestrated an investor Ponzi scheme back in 2008 to grow his own wealth and lead a billion-dollar lifestyle. Anthony Scaramucci Says He Was Betrayed By SBF During his discussion, Scaramucci claimed that Bankman-Fried was guilty of both “betrayal” and “fraud,” though at one...

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FTX Has Uncovered Several Lost Assets

Representatives of the now fallen crypto exchange FTX say the company has uncovered about $5 billion in new assets which consist of crypto, cash, and liquid investment securities. FTX Has Found About $5 Billion in Assets The firm will put this money towards paying the many debts it now owes and to alleviating the needs of its creditors. Notice of the assets was released to the public by the exchange’s head lawyer Adam Landis. Last December, executives of FTX claimed to...

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