alleging FTX was a fraudulent cryptocurrency scheme designed to take advantage of unsophisticated investors across the U.S. High-profile celebrities and professional athletes such as Stephen Curry, Shaquille O’Neal, Shohei Ohtani, Naomi Osaka, Larry David, and Kevin O’Leary were liable for promotin...
Crypto exchange FTX collapsed this week, tanking major tokens in its wake. Here's what it means for U.S. investors.
Crypto exchange FTX collapsed this week, tanking major tokens in its wake. Here's what it means for U.S. investors.
On Tuesday, FTX began the first steps in a bankruptcy restructuring process in Delaware. Courtdocumentsfiled by FTX attorneys show a glimpse of what has happened at the company since its bankruptcy filing on Friday, including contact from regulators such as "the U.S. Attorney's Office, the U...
Many beginner investors tend to buy crypto on an exchange. However, when crypto is bought this way, the funds go to your wallet on the exchange platform, trusting them to hold and control your funds. The risk is that if the exchange pauses withdrawals, as FTX did, users cannot access the...
"I'm haunted, every day, by what was lost. I never intended to hurt anyone or take anyone's money. But I was the CEO of FTX, I was responsible for what happened to the company, and when you're responsible it doesn't matter why it goes ...
FTX in 2019, just as cryptocurrencies were starting to gain mainstream attention among average investors. After buying an array of tokens a few years ago, while crypto prices were still low, Bankman-Fried eventually saw his personal wealth balloon to as much as $26.5 billion, according toForbes...
TRON isn't widely available in the United States, where most of the biggest exchanges don't offer it. There are, however, a few places where U.S. investors can buy TRON: If you're interested in staking TRON, you may want to go with Kraken or eToro since they both have built-in ...
This year was truly a shock for many, and this is not only about geopolitics but also about the situation in the cryptocurrency market. Crypto investors lost more than $2 trillion in a year. First Terra/Luna, now FTX shock. I will try to tell you, without panic, wh...
U.S. Assistant Attorney Danielle Sassoon cross-examines FTX founder Sam Bankman-Fried as Judge Lewis Kaplan looks on in federal court in New York City on Oct. 30, 2023.(Jane Rosenberg) O'Brien said he could not point to anything that happened during the trial "that would create a signific...