Now that Sam Bankman-Fried’s fall from grace is complete, uneasiness is growing around the dominance that his rival holds in the cryptocurrency market.
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FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of US prosecutors on Monday
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.
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.
Crypto exchange FTX is to start US bankruptcy proceedings and CEO Sam Bankman-Fried is to step down after a week of high drama.
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.
The crypto exchange has restricted the personal accounts of some Nigerian users to comply with anti-money laundering regulations.
A former McDonald’s burger-flipper and software developer was, practically overnight, vaulted into the ranks of the world’s wealthiest people. Here’s how it happened.