Category: FTX

LIVE 11/14, at 10:30 AM ET: Trump Schedules ‘Special Announcement’; Dems Feel Heat Over FTX Campaign Donation Scandal

November 14, 2022
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Former President Donald Trump has scheduled a “special announcement” at his Mar-a-Lago home where he’s expected to announce a 2024 presidential run. One of his advisors has also declared that the former president wants everyone to know that, “of course,” he’ll be running again. Meanwhile, a new scandal is slowly unraveling around a major Democrat donor…

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FTX Collapse Offers Lessons for Investors

November 13, 2022
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News Analysis The cryptocurrency industry is imploding at a shocking rate. FTX, which a few weeks ago was considered a “lender of last resort” and a crypto industry stalwart, filed for bankruptcy. Its charismatic founder and (former) CEO, Sam Bankman-Fried, lost a $16 billion fortune in a matter of days. Bankman-Fried, whom a few months…

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Implosion of Crypto Platform FTX Takes Down Democrats’ 2nd Biggest Donor After George Soros

November 12, 2022
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The implosion of cryptocurrency platform FTX saw the net worth of Democrat mega-donor and FTX founder Sam Bankman-Fried plummet in what on the Bloomberg Billionaires Index was its biggest single-day wealth plunge for a billionaire. FTX declared bankruptcy on Nov. 11 after facing a massive liquidity crunch when users rushed to pull out their money. Bankman-Fried,…

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Crypto Platform FTX’s Implosion Hits Democrats’ 2nd Biggest Individual Donor

November 12, 2022
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The net worth of the founder of the crypto exchange FTX and Democrat megadonor Sam Bankman-Fried plummeted last week in what on the Bloomberg Billionaires Index was its biggest single-day wealth plunge for a billionaire. FTX filed for bankruptcy protection on Nov. 11 after facing a massive liquidity crunch, in which users rushed to pull out…

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Pensioners, Investment Firms, Sovereign Funds Lose Big Amid FTX Bankruptcy

November 11, 2022
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FTX, the Bahamian cryptocurrency exchange founded by Sam Bankman-Fried, filed for Chapter 11 bankruptcy protection in the United States on Friday, along with over 130 affiliate companies. This comes after the exchange halted user withdrawals due to insufficient liquidity, an issue Bankman-Fried assured would not affect their U.S. platform. FTX US is, however, among the…

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Crypto Platform FTX Goes Bankrupt, Boss Resigns

November 11, 2022
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FTX Group, a collection of some 130 companies behind the cryptocurrency platform FTX, has filed for bankruptcy, and its boss, Sam Bankman-Fried, has quit. The group has initiated voluntary bankruptcy proceedings under Chapter 11 in the District of Delaware, according to a press release on Nov. 11. Bankman-Fried, who has been replaced in his role as CEO…

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Crypto Exchange FTX to Acquire Bankrupt Voyager’s Assets

September 29, 2022
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Voyager Digital said on Monday crypto exchange FTX, whose bailout proposal the bankrupt lender had rejected earlier this year, has won its assets in a $1.42-billion bid at an auction. The FTX bid comprises a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is pegged at about $1.31 billion at current…

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NTD Business Full Broadcast (Dec. 14)

December 14, 2021
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Wholesale prices see their biggest annual increase on record in November, adding to concerns about inflation. Cryptocurrency platform FTX is making a sponsorship deal with the Golden State Warriors for global rights. What does that mean for the chase center and for FTX? Officials warn about a software flaw, and hundreds of millions of devices around…

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