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Some crypto backers are purposely having a ‘very unsafe route,’ EU regulator states
Mairead McGuinness, economical expert services commissioner for the European Union spoke to CNBC in Brussels. Bloomberg | Bloomberg | Getty Pictures BRUSSELS — Some sector players are purposely avoiding regulation in the crypto place, the EU’s major regulator explained to CNBC as she referred to as for a world-wide method to safeguard retail traders. The […]
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Jim Cramer urges investors to exit crypto – ‘it’s never too late too sell’
CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings. “You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets,” […]
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Sam Bankman-Fried could face years in prison over FTX’s $32 billion meltdown — if the U.S. ever gets around to arresting him
FTX CEO Sam Bankman-Fried attends a press conference at the FTX Arena in downtown Miami on Friday, June 4, 2021. Matias J. Ocner | Miami Herald | Tribune News Service | Getty Images Sam Bankman-Fried, the disgraced former CEO of FTX — the bankrupt cryptocurrency exchange that was worth $32 billion a few weeks ago […]
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DOJ asks for unbiased probe into FTX personal bankruptcy, a most likely tactic to acquire evidence on alleged fraud
John Ray, chief govt officer of FTX Cryptocurrency Derivatives Trade, comes at bankruptcy courtroom in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Photographs The Department of Justice has asked for that an unbiased examiner be appointed to critique “sizeable and significant allegations of fraud, dishonesty” and “incompetence” following […]
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‘I did not at any time try to commit fraud on any one,’ previous FTX CEO Sam Bankman-Fried claims
Tom Williams | CQ-Roll Simply call, Inc. | Getty Visuals Placing a contrite tone, former FTX CEO Sam Bankman-Fried claimed he “failed to do a good position” at upholding his obligations to regulators, shoppers, and investors in a hotly expected discussion with CNBC’s Andrew Ross Sorkin at the Dealbook Summit. “I did not at any […]
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How FTX ‘death spiral’ spelled doom for BlockFi, according to personal bankruptcy submitting
The BlockFi symbol on a smartphone arranged in the Brooklyn borough of New York, on Thursday, Nov. 17, 2022. Gabby Jones | Bloomberg | Getty Images There was supposedly a single gentleman who could conserve crypto — Sam Bankman-Fried. The former FTX CEO bailed out and took more than crypto firms as cryptocurrency markets withered […]
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Crypto business BlockFi documents for personal bankruptcy as FTX fallout spreads
BlockFi logo exhibited on a phone monitor and illustration of cryptocurrencies are observed in this illustration photograph taken in Krakow, Poland on November 14, 2022. Jakub Porzycki | Nurphoto | Getty Visuals Distressed crypto agency BlockFi has filed for Chapter 11 bankruptcy defense in the United States Bankruptcy Court docket for the District of New […]
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CME Group CEO calls Bankman-Fried ‘an complete fraud,’ states he noticed hassle months right before FTX collapse
Quick Revenue CME Team CEO phone calls Bankman-Fried ‘an absolute fraud,’ suggests he saw difficulties months ahead of FTX collapse Revealed Tue, Nov 22 20228:57 PM EST Stephanie Landsman@stephlandsman View Dwell Supply
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FTX will sell or restructure worldwide empire, CEO states
FTX’s new CEO stated on Saturday that the bankrupt crypto trade is looking to sell or restructure its world wide empire, even as Bahamian regulators and FTX squabble in court filings and press releases about irrespective of whether the bankruptcy filing should really carry on in New York or in Delaware. “Dependent on our evaluation […]
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Bahamas regulators verify they’re keeping some of FTX’s property
FTX emblem with crypto cash with 100 Greenback bill are displayed for illustration. FTX has submitted for individual bankruptcy in the US, trying to find court security as it seems to be for a way to return dollars to consumers. Jonathan Raa | Nurphoto | Getty Photographs Securities regulators in the Bahamas conceded that they […]
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