People who own bitcoin should be OK if they keep them off exchanges such as FTX that effectively work as a “crypto-casino gambling website,” said Cory Klippsten, the CEO of financial services firm Swan Bitcoin. “Any exchange is a security risk,” said Klippsten. Some are more reputable...
The crypto titan, Sam Bankman-Fried, the founder and CEO of the FTX crypto exchange at SALT NY/ Photo: John Roach (RBP) In a significant development in a Manhattan federal court on Thursday, Sam Bankman-Fried, the once-prominent figure behind the FTX, has b...
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https://en.wikipedia.org/wiki/FTX Fantazzini, D., Calabrese, R.: Crypto exchanges and credit risk: modeling and forecasting the probability of closure. J. Risk Financ. Manag. 14(11), 516 (2021) Article Google Scholar Kim, C.Y., Lee, K.H.: Risk management to cryptocurrency exchange ...
FTX, which was valued at $32 billion during a fund raise as recently as this January, shocked the crypto world this week as details emerged of miscalculations and risky bets made by senior leadership, which were hidden not just from the public but also from other employees within the compan...
SBF’s replacement, CEO John J. Ray III, confirmed that FTX affiliates have solvent balance sheets, which could be sold or restructured to cut losses. While highlighting that some subsidiaries, such as crypto exchange LedgerX, are exempted as debtors in the bankruptcy filing, he added: ...
The husk of the fallen crypto exchange FTX can no longer do much, but it’s trying to get its hands around whatever lingering funds can be scrounged up, and quarantine them somewhere where they can’t be randomly transferred or siphoned off by a hacker.
FTX exchange has now reached an agreement to sell its crypto derivatives platform LedgerX in a deal worth about $50 million.
The Miami Heat’s arena will be renamed after the crypto exchange that owns the rights spectacularly collapsed this week. FTX cut a $135 million deal with Miami-Dade County for naming rights last year, and a $5.5 million payment comes due in January, ESPN reported. But after a liquid...
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Digital currency lender Voyager Digital has been thrown back to square one after ...