Trump’s World Liberty Financial Takes a Step Similar to FTX, Loans Against Its Own Crypto Token
The Trump family’s cryptocurrency initiative, World Liberty Financial, is facing significant backlash after the Treasury Department utilized a substantial amount of its WLFI governance tokens as collateral for borrowing stablecoins through connected DeFi lending platforms. This has led to concerns about circular borrowing, a practice historically linked with detrimental outcomes. World Liberty Financial’s treasury wallet […]
Caroline Ellison made a critical error that led to the complete downfall of FTX, Zhao states
Binance Founder Shares Insights on FTX Acquisition Attempt Changpeng Zhao, known as CZ, recounted a phone call prior to Binance’s failed acquisition of FTX in November 2022. He recalled how Sam Bankman-Fried casually requested “billions of dollars,” likening it to ordering a simple sandwich. Yet, Zhao revealed he had no real interest in taking over […]
Large holders of Bitcoin are selling off significant amounts on exchanges as liquidations reflect the 2022 FTX market crash.
Bitcoin Price Experiences Significant Drop Over the last day, Bitcoin has seen a notable drop, with its value sinking to approximately $60,000, mirroring the rapid decline experienced during the 2022 FTX collapse. Currently, Bitcoin has somewhat recovered, climbing back to around $69,800, based on information from various sources. Meanwhile, on-chain reference data showcases a significant […]
Trump Does Not Plan to Pardon FTX Founder Sam Bankman-Fried
Simply put President Trump rules out a pardon for disgraced FTX founder Sam Bankman Fried. Mr. Bankman Fried was convicted of fraud and conspiracy related to the misappropriation of billions in customer funds and sentenced to 25 years in prison. This decision contrasts sharply with Trump’s past leniency toward other figures in the crypto world, […]
Tom Brady, Steph Curry, Naomi Osaka, and other FTX celebrity endorsers have many of the claims against them dropped.
The fluctuations of the FTX cryptocurrency exchange significantly affected the sports industry, leading to ongoing legal disputes involving various high-profile figures. Recently, a judge ruled in favor of several celebrity promoters, including Tom Brady and Steph Curry, clearing them of most allegations made against them. Steph Curry, Tom Brady and other celebrities have been ruled […]
Court dismisses most allegations against Tom Brady, Stephen Curry, and Shohei Ohtani in FTX case.
A federal judge has chosen to narrow, rather than dismiss completely, lawsuits against celebrities like Tom Brady, Stephen Curry, and Shohei Ohtani, who are accused of promoting the fallen cryptocurrency exchange FTX. Investors claim these celebrities ignored clear warning signs and lured them into becoming customers as part of a conspiracy involving FTX. They allege […]
Bitcoin News: What Next for Bitcoin After BTC Suffers Biggest 3-Day Price Since FTX Debacle – CoinDesk
Long-range play for Bitcoin (BTC) ended badly this week with plays above $90K range. According to TradingView data, the 12.6% drop observed over the first three days of the week (per UTC hours) represents the biggest drop since the FTX bankruptcy in November 2022. The sale coincides with Koindsk's analysis earlier this month, with investors […]
Sam Bankman-Fried posts for the first time in 2 years, FTX Token pumps – Cointelegraph
The FTX Token (FTT), the native token of Crypto Exchange FTX, spiked 30% for a short time, as former FTX CEO Sam Bankman-Fry was featured on X for the first time in two years. In his first post since he was sentenced 25 years later over the collapse of FTX, Bankmanfried said on February 25th. […]
Prosecutor who helped but FTX fraudster Bankman-Fried in jail named interim Manhattan US Attorney
The veteran prosecutor who helped convict crypto fraudster Sam Bankman Freed has been named acting Manhattan federal prosecutor, taking over Mayor Eric Adams' corruption case and other high-profile investigations. Daniel Sassoon, who earlier in his career served as law clerk to conservative U.S. Supreme Court Justice Antonin Scalia, was appointed to the powerful position Monday […]
FTX didn’t know Backpack bought its EU arm – Blockworks
This is part of the Lightspeed newsletter. To read the full version, go to Subscribe. On Tuesday, we reported that Backpack acquired FTX EU in a $32.7 million deal. The next day, FTX statement Revealed the announcement of the backpack. Then in the press release ownBackpack revealed FTX clarification. This is probably how companies fight. […]