How FTX’s ‘death spiral’ led to its doom, according to BlockFi bankruptcy filing – CNBC | Vette Leader

The BlockFi logo on a smartphone displayed in the Brooklyn borough of New York on Thursday, November 17, 2022. Gaby Jones | Bloomberg | Getty Images There was reportedly one man who was able to save crypto – Sam Bankman-Fried. the previous FTX The CEO exited and took over crypto companies as cryptocurrency markets collapsed … Read more

Sam Bankman-Fried deeply regrets FTX collapse – but blames bankruptcy filing – New York Post | Vette Leader

Disgraced FTX founder Sam Bankman-Fried told former employees he was “deeply sorry” about the implosion of his crypto exchange – but continued to point the finger at the company’s bankruptcy filing and insisted he had the platform could save if he had had enough time. “I am deeply sorry for what happened. I’m sorry about … Read more

Daily Dozen – Forbes | Vette Leader

The 2022 holiday season could be the first of many to be hit by bird flu. ILLUSTRATION BY GRACELYNN WAN FOR FORBES; PHOTO BY NODEROG/GETTY IMAGES Traffic levels for Thanksgiving air travelers are surpassing pre-pandemic levels for the first time since Covid-19 became a global health concern. Financial documents show how Donald Trump and former … Read more

Judge in FTX case grants customers privacy for now – Axios | Vette Leader

Image: Sarah Grillo/Axios The FTX bankruptcy judge gave a victory for customer privacy on Tuesday – but it wasn’t really just about privacy. It was about money. Driving the news: The post-Sam Bankman-Fried FTX appeared in Delaware bankruptcy court on Tuesday, demanding – among other things – that the names of everyone (everyone!) to whom … Read more

Sam Bankman-Fried, FTX Team Among Top Political Funders Before Bankruptcy | Mint – mint | Vette Leader

Mr. Bankman-Fried personally gave $40 million to politicians and political action committees ahead of the 2022 midterm elections, mostly to Democrats and liberal-leaning groups, according to the Center for Responsive Politics, a bipartisan group that tracks campaign contributions. Ryan Salame, another senior FTX executive, donated more than $23 million, mostly to Republican and conservative groups. … Read more

FTX Will Sell Or Restructure Global Empire, CEO Says – CNBC | Vette Leader

FTX’s new CEO said Saturday that the bankrupt crypto exchange plans to sell or restructure its global empire, even as Bahamian regulators and FTX argue in court filings and press releases about whether to proceed with the bankruptcy filing in New York or in Delaware . “Based on our review over the past week, we … Read more

Amid FTX bankruptcy, Fraud Elizabeth Holmes, the founder of Theranos, is sentenced to 11 years in prison – Swarajya | Vette Leader

In 2010 became a Walgreens representative. warned Elizabeth Holmes, saying, “They’re going to have someone killed,” to which she replied, “They don’t put pretty people like me in jail”. Now, notorious Theranos CEO Elizabeth Holmes has been sentenced to more than 11 years in prison for fraud. Their fraud was not just financial in nature, … Read more

FTX bankruptcy: what happens now? – The Indian Express | Vette Leader

Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it may owe more than 1 million creditors. Here’s what you’re likely to expect in this case: What about FTX’s bankruptcy? FTX had an unusually slow start to bankruptcy, taking almost a week to file … Read more

FTX Fallout Pushes Bitcoin Mining Revenue to All-Time Lows and Threatens More Firms with Bankruptcy – Forbes | Vette Leader

Bitcoin’s price drop is causing even more pain for miners getty What happened With Bitcoin’s price down 20% since news of FTX’s financial troubles broke on Nov. 6, Bitcoin miners are now earning less revenue than ever. This hit to bitcoin price is eroding margins as conditions for miners deteriorate in a year impacted by … Read more

FTX Bankruptcy Filing Skewers Company and Sam Bankman-Fried – Entrepreneurs | Vette Leader

Cryptocurrency exchange firm FTX has been mismanaged across its various subsidiaries and ventures — from record keeping to mismanagement of its corporate assets — according to the firm’s new head, John Ray III, in its “First Day” Chapter 11 filed Thursday -Registration of the company. (A “first day” statement explains how a company entered bankruptcy … Read more