JUST IN: SBF_FTX says his trading firm AlamedaResearch is being wound down. inkbacker reports
FTX CEO Sam Bankman-Fried promised to use “every penny” his crypto exchange has to repay users ahead of investors, apologizing for his “fuck up” in a tweet thread Thursday.
The 30-year-old former billionaire also said Alameda Trading – his empire’s once mighty crypto quant shop and market maker – would"wind down trading." Bankman-Fried also shut down rumors that Alameda was attempting to short - and possibly destabilize - Tether, the largest stablecoin by market capitalization. On Thursday morning, the price of TetherHe also promised the users ofthat their funds were"fine," echoing a claim he made about FTX immediately before revealing that it was not, in fact, fine.
Alameda came under scrutiny last week after CoinDesk published a balance sheet suggesting it had heavy holdings of the FTT token – an exchange token issued by FTX, Alameda’s sister company also founded by Bankman-Fried.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CZ Says Binance Intends to 'Fully Acquire FTX,' Sam Bankman-Fried Confirms Transaction – Bitcoin NewsAfter all the speculation surrounding FTX, Binance CEO Changpeng Zhao (CZ) revealed that his company is set to acquire FTX.
Read more »
Sam Bankman-Fried Created a Crash For the AgesSam Bankman-Fried crashed his companies and created a financial contagion. KevinTDugan writes on how the deal to save FTX died and how Bankman-Fried has gone from superstar to pariah
Read more »
FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from TwitterThe community has been outraged about SBF deleting recent tweets about FTX, with many blaming the CEO for “blatant lies” about the status of assets on the exchange.
Read more »
Sam-Bankman Fried told OKX FTX has liability of $7 bln - OKX directorFTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion cash injection from OKX on Monday morning just prior to the announcement of the now collapsed acquisition mooted by arch rival Binance, said a senior executive at OKX.
Read more »
Podcast: Dark Clouds Form over FTX and Sam Bankman-Fried | CoinMarketCapOn today's CoinMarketRecap with Connor Sephton, we'll find out why the crypto markets have suffered a painful pullback overnight.
Read more »