FTX

 

Description
FTX is a cryptocurrency exchange built by traders, for traders.

FTX’s leveraged tokens provide a clean, automated way for users to get leverage. The BULL and BEAR tokens automatically manage their exposure, rebalancing daily to maintain their target leverage and prevent liquidations.


Ripple considers FTX trades Garlinghouse
Ripple CEO Brad Garlinghouse is reportedly interested in buying certain parts of collapsed crypto exchange FTX. Former FTX CEO Sam Bankman-Fried called him two days before the company filed for bankruptcy as he sought to round up investors to rescue the business. Approximately 130 companies affiliated with FTX, including FTXUS, were included in the bankruptcy filing in Delaware.
South Korea probes crypto exchanges for local tokens
Korean Financial Intelligence Unit (KoFIU) launched a probe into crypto exchanges in relation to listing their in-house, self-issued tokens. While Korean crypto exchanges are barred from issuing native tokens, KoFIU's probe into the same is to ensure regulatory adherence for investor's safety. Initial investigations revealed that all crypto exchanges performed lawful operations across South Korea.
Singapore police warn of FTX phishing scams
Singapore police warn against fake websites claiming to be hosted by the U.S. Department of Justice. The websites claim to be able to recover funds from now-bankrupt cryptocurrency exchange FTX. An estimated 1 million investors and creditors have been affected by FTX's bankruptcy. Singapore has pursued stricter regulations around retail trading and self-hosted wallets.
Due to conflicts of interest, SBF's attorneys drop FTX
South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits. The decision to freeze Shin's asset worth over $104 million was approved by the Seoul Southern District Court. The claim related to Shin's involvement in selling pre-issued Terra tokens to unwary investors.
South Korea seizes $104M from Terra's co-founder on unjust earnings.
South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits. The decision to freeze Shin's asset worth over $104 million was approved by the Seoul Southern District Court. The claim related to Shin's involvement in selling pre-issued Terra tokens to unwary investors.
US subcommittee chairman requests FTX information.
The former and current CEOs of the bankrupt FTX cryptocurrency exchange have been asked for documents relating to the exchange's finances. Raja Krishnamoorthi, Chairman of the Subcommittee on Economic and Consumer Policy wrote a Nov. 18 letter addressed to both former FTX CEO Sam Bankman-Fried and current CEO John J. Ray III. He insisted the exchange hand over a slew of information relating to its finances.
Warren and Durbin seek answers from Bankman-Fried and FTX's successor
Elizabeth Warren and Richard Durbin wrote to the former and current CEOs of FTX. They asked for more information on the collapse of the cryptocurrency exchange. They noted "the apparent lack of due diligence by venture capital and other big investment funds". The lawmakers made 13 requests for documents, lists and answers.
Pompliano said the market was FTX's "judge, jury, and executioner."
Former FTX CEO Sam Bankman-Fried is a pariah in the crypto industry for "careless" mishandling of customer funds and strange behavior on Twitter.
Alameda loaned SBF $1B: FTX bankruptcy filing
Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange. Chapter 11 filing will look to implement controls on accounting, auditing, cybersecurity, human resources and other systems. The debtors have only secured "a fraction of the digital assets" they had hoped to recover. Cold wallets containing $740 million of cryptocurrency have been obtained, but it's not clear which silo the funds belong to.

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