Tag Archives: ftx
Crypto Lending Company Genesis Files for Bankruptcy
During 2022, the crypto lending business known as Genesis experienced losses of hundreds of millions of dollars. The company suffered from these losses due to its exposure to Three Arrows Capital, which is a cryptocurrency hedge fund that was a … Continue reading
The SEC’s Crypto Crackdown Is Just Getting Started After FTX Blowup
The U.S. Securities and Exchange Commission (SEC) has recently ramped up its efforts to crack down on the burgeoning cryptocurrency market. This increased scrutiny follows the blowup of cryptocurrency exchange FTX, which was accused of violating federal securities laws. The … Continue reading
FTX Co-Founder Arrested in Bahamas – Accused of Fraud By SEC
Sam Bankman Fried (also known as SBF) has recently been accused by the SEC of conducting fraud against his investors during a multi-year period. The Securities and Exchange Commission went further to say that the reason SBF conducted this scheme … Continue reading
FTX “Accounting Error” Rejected – Coinbase CEO Says Funds Were Stolen
Brian Armstrong, who is the Chief Executive Officer at Coinbase slammed FTX CEO Sam Bankman-Fried. Armstrong strongly disagrees with the FTX owner’s story of how his company ended up with $8 billion in debt.… Continue reading
Behind the FTX Collapse, U.S Prosecutors Taking Aim
FTX is an online trading company that allows you to buy, sell, and store Bitcoin, Ethereum, and many other cryptocurrencies and digital assets. The company’s offshore status and its willingness to keep American traders off its Bahama-based exchange successfully shielded … Continue reading
Crypto Crash; Investors May Need to Act Fast to Reduce Tax Bill
It has been a bad week for cryptocurrencies following the collapse of the offshore exchange FTX. The recent decline in bitcoin in 2022 must-have caused many crypto investors to give up on digital assets, at least for the time being. … Continue reading