As customers withdrew billions of dollars from crypto exchange FTX, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7-billion in emergency funds.
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Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday
Solana, a poster coin of the crypto future, is in trouble following the collapse of cryptocurrency exchange FTX.
Once again, a feud broke out between alpha-male celebrities in crypto. Only this time, what followed was tens of billions of dollars of digital wealth vanishing in a flash.
In the league of weak-sauce apologies, the one from cryptocurrency exchange boss Sam Bankman-Fried stands head and shoulders above the rest.
Crypto exchange FTX is to start US bankruptcy proceedings and CEO Sam Bankman-Fried is to step down after a week of high drama.
Sam Bankman-Fried is being investigated by the US Securities and Exchange Commission for potential violations of securities rules.
News of the liquidity crunch at FTX has sent reverberations through the crypto world.
The crisis engulfing Sam Bankman-Fried’s FTX.com is rapidly worsening, with the onetime crypto wunderkind warning of bankruptcy.
Crypto giant Binance has helped cover a “liquidity crunch” at rival FTX in a surprise move that lifted cryptocurrencies on Tuesday.