Tag: Sam Bankman-Fried
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SBF Tries to Rewrite FTX History Before Appeal
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In a freshly released 15-page, 10,000-word statement, the convicted founder of the collapsed crypto exchange argues that FTX was never insolvent. Instead, he paints the 2022 bankruptcy as a case of “temporary liquidity crunch” caused by panic, not mismanagement. According to Bankman-Fried, FTX held $14.6 billion in assets against approximately $8 billion in customer claims…
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Crypto Market Bloodbath: $325 Billion Vanishes Amid Selling Pressure
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The cryptocurrency market has witnessed a brutal sell-off, erasing $325 billion in market capitalization since Friday. A major security breach at Bybit and concerns over liquidity have fueled the downturn, sending Bitcoin below $90,000. Meanwhile, Citadel Securities’ potential entry as a crypto liquidity provider and comments from former FTX CEO Sam Bankman-Fried add to the…