[49] On November 12, anonymous sources cited by the Wall Street Journal said Alameda CEO Caroline Ellison disclosed to other Alameda employees that she, Sam Bankman-Fried, Gary Wang, and Nishad Singh knew that client deposits were transferred from FTX to Alameda. [26], In August 2020, FTX acquired Blockfolio, a cryptocurrency portfolio tracking app, for $150 million. FTX sponsored a number of sports teams and organizations. [124] Several public figures also invested in FTX or received compensation for promoting the company. [35], In July 2022, FTX finalized a deal giving it the option to buy BlockFi for about $240 million. An FTX spokesperson did not respond to a request for comment. David Ingles and Yvonne Man bring you the latest news and analysis to get you ready for the trading day. It said that there were $5.1 billion worth of FTT tokens in circulation, and that Alameda's balance sheet held $3.66 billion of "unlocked FTT", $2.16 billion of "FTT collateral", and $292 million of "locked FTT". Get a D&B Hoovers Free Trial. [20] On December 12, 2022, founder Sam Bankman-Fried was arrested by the Bahamian authorities for financial offences, at the request of the US government. FTX. [79][80] Japan's Financial Services Agency ordered FTX Japan to suspend some operations. from 8 AM - 9 PM ET. In retrospect . The FTX app is seen on a phone on November 10, 2022 in Atlanta, Georgia . FTX is incorporated in Antigua and Barbuda . Here is the FTX Headquarters Bahamas Address. 0 Comments. Ryan Salame, former Head of OTC at Alameda Research has been appointed as the CEO of FTX Digital Markets and will be responsible for leading their local initiatives. U.S. and Bahamian lawyers have been tussling in court over jurisdiction, with each side crying foul at the other. Data is a real-time snapshot *Data is delayed at least 15 minutes. Mosko, the Bahamas-based construction firm that FTX hired to manage the project, set up an office at the site, which was the extent of the development, according to the employee. [123] Temasek later wrote down its investment on November 16. In a Monday night filing, the Bahamian lawyers asked a U.S. judge to dismiss the Chapter 11 proceedings for FTX's property subsidiary. [109] Grayscale Bitcoin Trust was trading at a discounted price, 42% below the value of its Bitcoin, as of November 14. [145][146], Anonymous sources cited by Bloomberg said that the office of the United States Attorney for the Southern District of New York had begun an investigation into FTX's collapse as of November 14, 2022. An upstate New York school may keep its Native American logo and Warriors nicknamebecause the local Seneca tribe is CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. The only lingering indication that it was a construction site was a sign next to the fence listing Mosko United Construction Company Limited., Fortune went to Moscos offices at an industrial park near the airport. [94][95] The Financial Times reported that FTX's balance sheet shortly before the bankruptcy showed $9 billion in liabilities, with $900 million in liquid assets, $5 billion in "less liquid" assets, and $3.2 billion in illiquid private equity investments. All Rights Reserved. FTX Digital Markets will be headquartered in Nassau, Bahamas, and has been registered by the country's Securities Commission as a digital assets business . On the day of that announcement, FTT price dropped by 80 percent, erasing $2 billion in value. A photo taken Nov. 19, 2022, in Nassau, Bahamas, shows a general view of Cocoplum Restaurant, where it is believed FTX spent a lot of money on food. [15] Share prices for publicly traded cryptocurrency companies declined. [19] Binance signed a letter of intent to acquire the firm, with due diligence to follow, to ensure that customers could recover their assets from FTX in a timely manner, but Binance withdrew its offer the next day, citing reports of mishandled customer funds and U.S. agency investigations. [85] Miller announced that FTX and FTX US intended to move remaining funds denominated in cryptocurrency to offline "cold storage" for security. FTX is a cryptocurrency exchange for traders. [86] A person speaking on behalf of FTX referred to the "unauthorized transactions" as a "hack" and encouraged users to delete FTX mobile apps as they were compromised. The change of headquarters location follows an announcement on Monday of the companys Bahamian subsidiary. Chanos criticized the cryptocurrency sector as "designed to extract fees from really unsuspecting investors". [78] These assets include stock-clearing company Embed Financial Technologies and the naming rights to FTX Arena. [106] Another cryptocurrency lender, Genesis, a subsidiary of Digital Currency Group, halted withdrawals on November 16. [76][77] Anonymous sources cited by the Wall Street Journal on November 10 said that Alameda Research owed FTX some $10 billion, as FTX had lent funds placed on the exchange for trading to Alameda so that Alameda could make investments with the money. [85] The funds taken from FTX were mostly stablecoins such as Tether, and were quickly exchanged for Ether, a method used by cryptocurrency thieves to thwart attempts to retrieve stolen funds. "[103], The exchange token of Crypto.com, Cronos, lost approximately $1 billion in value in November,[104] a decline attributed in part due to the collapse of FTX and in part due to reporting that Crypto.com had accidentally sent $400 million of Ether to another exchange. [108] Another Digital Currency Group subsidiary, Grayscale, saw the value of its flagship offering, the publicly traded Grayscale Bitcoin Trust, decline by 20% over the two weeks preceding November 17. Speaking of its previous management, Ray stated: "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here." Bankman-Fried told Guardian Business last month that the company is on pace to do just under $1 billion in revenue this year. [125] These include football player Tom Brady, basketball players Shaquille ONeal and Stephen Curry, model Gisele Bundchen, and businessman Kevin O'Leary. He called The Bahamas the right place to be. The modernized DARE Act, which establishes a full regulatory framework for digital asset activities, provides greater opportunities for digital asset businesses and will allow FTX to expand its platform in a compliant manner. In a statement, the Royal Bahamas Police Force confirmed the investigation into FTX, which is headquartered in The Bahamas. [161], Following the bankruptcy of FTX in November 2022, Mercedes-AMG F1, TSM and the Miami Heat cut ties with the company, with the latter also announcing that they would be seeking a new naming rights partner for the FTX Arena. Revenue. [147], The United States House Committee on Financial Services announced it plans to conduct hearings in December on the collapse of FTX, and committee leaders said they would seek testimony from Bankman-Fried. [136] Handler stated that Bankman-Fried did not respond to the emails sent from Jefferies staff on Handler's behalf. FTX Exchange (also known as FTX Trading, FTX Digital Markets) is a company that develops a cryptocurrency derivatives exchange platform. He explained that he chose to bring FTX to The Bahamas because of the countrys strong regulatory framework in the digital assets space. [70][71] Bankman-Fried stated on November 9 that FTX.US, as a separate company, was "not currently impacted" by the crisis. Shaq. 1,428 2 minute read. [67] Later that day, the Wall Street Journal reported that Binance would not move forward with the deal to acquire FTX. The picturesque island nation has gained additional popularity lately, but this time not for its turquoise waters and sandy beaches. The company chose an office park on the north side of Nassau overlooking the Caribbean, where they also planned to build a 38-room hotel and gym facilities. [48], According to anonymous sources cited by The Wall Street Journal, FTX had lent $10 billion of its customers' assets to Alameda Research in 2022. I'm also extremely happy with the proactive actions taken by the government and look forward to our relationship." [133], In December, it emerged that FTX had secretly invested in The Block, a cryptocurrency news firm, and to fund an LLC its CEO Michael McCaffrey used to buy an apartment. [34], In February 2022, it was reported that FTX was creating a gaming division that would help developers add cryptocurrency, NFTs, and other blockchain-related assets into video games. In 2020, the Bahamas passed laws that sought to turn the nation into a crypto powerhouse. [113][114][115][116][117] Sequoia Capital wrote down its equity in FTX to $0 on November 9, losing some $214 million. [16] In the weeks immediately preceding the publication of the story by CoinDesk, Bankman-Fried was characterized by anonymous sources cited by Bloomberg as "desperately" attempting to raise money for FTX. "This particular territory," he complained . The company is big on giving back to the community and the FTX chief has already started with back-to-school giveaways and donating to anti-poverty institutions. Cision . Terms & Conditions. Bloomberg noted that Alameda had functioned as a market maker for FTX early in the exchange's history, and that the trading firm remained, in June and July 2022, the biggest known depositor of stable coins on FTX. Cryptocurrency derivatives exchange FTX has officially moved its headquarters from Hong Kong to the Bahamas, an FTX spokesperson confirmed to CoinDesk on Friday. McCaffrey then resigned. FTX moved its headquarters from Hong Kong to the Bahamas in September 2021, citing the favorable regulatory environment. . Former engineering director, Nishad Singh, has plead guilty to six different charges, including three counts of conspiracy to commit fraud. [128], Cryptocurrencies experienced swings and declines in value as news of FTX's collapse first emerged in early November: Tether dropped below its peg price of $1.00 to $0.97[129] and Bitcoin sank to its lowest price in two years. [100] Ray, having been involved in the bankruptcies of Enron, Residential Capital, Nortel and Overseas Shipholding, stated, "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. [68] Binance cited FTX's reported mishandling of customer funds and pending investigations of FTX as the reasons for not pursuing the deal. As jurisdictions, like the Bahamas, roll out comprehensive crypto regulatory regimes, we are excited to take part by establishing a local presence., On Sept. 24, FTX CEO Sam Bankman-Fried elaborated on the decision in an, Bankman-Fried also said that it was also really important for us to be in a place where we could go on business trips, where there isnt quarantine, and that the move had been in the works for some time and was not particularly in response to any very recent news., Volatile Price Moves on Monday Contrast to Recent Calm Waters, First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues, First Republic Bank Seized and Sold to JPMorgan Chase; Tron's Justin Sun Apologizes After Binance CEO Fires Warning, Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank. This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto, ADB announces funding plan for Asian efforts to combat climate change, South Korea factory activity shrinks in April, marks longest downturn in 6 years - PMI, UPDATE 1-China's exit bans multiply as political control tightens under Xi, Oil falls as economic fears weigh against potential crude draw, US World Bank nominee Banga set for vote on Wednesday after 4-hour interview. Company Description . [60] Bankman-Fried said that although the firm's assets were worth more than its clients' deposits, it would need funds from outside to meet demand for withdrawals due to a lack of liquidity. 643 3 minute read. FTX moved its headquarters from Hong Kong to the Bahamas in September 2021, outlining the Caribbean country as a crypto hub. Now, Bahamas regulators are trying to claw back the property from FTX's U.S. bankruptcy protection proceedings, telling a Delaware federal judge that allowing the properties to be administered in U.S. courts would be both administratively ineffective and illegal under Bahamas law. [50] An anonymous source cited by the New York Times on November 14 said the same. FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange"),[5] is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. The new bill comes after the failure of FTX Trading Limited hurt the Bahamas' reputation as a burgeoning crypto hub.FTX secured registration for its Bahamian subsidiary FTX Digital Markets under the DARE 2020 Act in Sep. 2021.. Through local construction firms and people familiar with the matter, Fortune has learned that construction on the project never actually began. The company did not immediately announce a replacement for Harrison, who had been FTX.US president since May 2021. In 2020, the Bahamas passed laws that sought to turn the nation into a crypto powerhouse. Doing Business As: FTX. [14][15][84], Late on November 11, over $473 million in funds were siphoned from FTX through what Ryne Miller, FTX US's general counsel, characterized as "unauthorized transactions". The FTX CEO indicated the move isn't related to China's . Bron declined to comment. An eleventh-hour rescue by Binance ultimately failed, precipitating a run on the bank and an astonishing liquidity crisis for an exchange that had once been heralded as the saving grace of crypto. It is the first true look behind the curtain at FTX's mammoth real estate spending. Prime Minister Philip Brave Davis officially opened the office ofdigital asset exchange FTX Digital Markets yesterday. The Office of the Prime Minister released a slickly produced video. In April, as Bitcoin hovered around $40,000 and Three Arrows Capital and Terraform Labs still minted money, FTX broke ground on a $60 million headquarters in the Bahamas, with Prime Minister Philip Davis standing next to Sam Bankman-Fried for the occasion. This is a major reason for the switch. [106] The firm had earlier begun preventing withdrawals. [57][58] The announcement by Zhao of the pending sale and disputes between Zhao and Bankman-Fried on Twitter led to a decline in the price of FTT and other cryptocurrencies,[59] resulting in a three-day depositor selloff, like a bank run, of an estimated $6billion that sent FTX into crisis. More than a year before its collapse, FTX moved its headquarters to the Bahamasa country that worked to lure crypto companies to its shores. Speaking at CoinDesk's Consensus 2023 here on Thursday, Prime . FTX became a Bahamas entity in July 2021, known as FTX Digital, and formally moved to the country in September of that yearthe same month that Philip "Brave" Davis became prime minister. Powered and implemented by Interactive Data Managed Solutions. FTX's arrival was a coup for the Bahamas and its prime minister, but, now that the once-vaunted company has collapsed amid allegations it was a $30 billion Ponzi scheme, the country's crypto . FTX is hiring local Bahamians. They did not provide a reason as to why the project halted but did express disappointment. [54], Several days after the publication of the CoinDesk article, on November 6, Binance CEO Changpeng Zhao said on Twitter that his firm intended to sell all its holdings of FTT. [33] On February 11, 2022, FTX.US announced that the company would soon begin offering stock trading to its US customers. Head to consensus.coindesk.com to register and buy your pass now. [28][29] Bankman-Fried bought out Zhao's stake for approximately $2 billion. [12] Future Fund had committed $160 million in charitable grants and investments by September 1 of that year. Earlier this week FTX Trading Ltd. filed registration with the Securities Commission of the Bahamas as a digital assets firm. The in-house performance coach at FTX claimed Tuesday the doomed crypto firm's headquarters in the Bahamas was a . FTX Digital Markets is the countrys first registered digital asset exchange. [50], Though Bankman-Fried, on November 10, wrote on Twitter that FTX's US customers did not have reason to worry, employees began attempting to sell assets belonging to the firm on the same day. Education: Florida International University, BS in Journalism, The Nassau Guardians ownership has been pro-active in the pursuit of freedom of information, inclusive in terms of community coverage, zealous in the protection of editorial independence, and committed to providing the best customer service for our advertisers and readers., Sign up to receive breaking news in your email, Copyright 2023, The Nassau Guardian. To learn more about FTX, please visit:https://ftx.com/. Today, they continue to make positive impressions with the groundbreaking of their new headquarters., https://www.youtube.com/watch?v=mY-QJg7jouY. The value of the deal was approximately $1.42 billion, including $1.31 billion in Voyager-held cryptocurrency and $111 million in additional consideration. We strive to be an intuitive yet powerful platform for all kinds of users. Bloomberg Markets: China Open is the definitive guide to the markets in Hong Kong and on the mainland. All Rights Reserved |, PM officially opens FTX office, invites more fintech firms to Bahamas, Three Bahamian schools compete at Penn Relays, Turnquest wins nine-ball singles at West Coast Challenge, Bar assoc. BlockFi filed for bankruptcy in November. [11], Since November 11, 2022, FTX has been in Chapter 11 bankruptcy proceedings in the US court system. So what makes t. See the Celebrities With Ties to FTX", "FTX-Gisele Partnership Highlights Risks of Celebrity ESG Roles", "Scaramucci's SkyBridge Is Trying to Buy Back FTX's 30% Stake", "Crypto Hedge Fund Galois Confirms $40 Million Exposure to FTX", "Crypto Markets Buckle as FTX Bankruptcy Spurs Search for Casualties", "FTX Latest: Solana Sell-Off Deepens; Bankman-Fried Questioned", "FTX Fiasco Sparks Billions of Dollars of Outflows From Exchanges", "Big Investors Are Giving Up on Crypto Markets Going Mainstream", "Exclusive: SBF secretly funded crypto news site The Block and its CEO's Bahamas apartment", "Short Seller Jim Chanos Warns the Crypto Crackdown Is Coming Now", "Jefferies CEO Says He Offered FTX's Bankman-Fried Rescue Advice in July", "FT Cryptofinance: Crypto's Lehman moment", "FTX Meltdown Has 'Whiffs' of Enron-Like Scandal, Summers Says", "FTX's Downfall Shows CFTC Needs More Crypto Sway, Chairman Says", "After FTX collapse, pressure builds for tougher crypto rules", "After FTX's spectacular collapse, where does crypto go from here? Updated Apr 26, 2023 at 11:29 p.m. UTC. The Bahamas: SBF's Short-Lived Paradise. 2023 CNBC LLC. Bahamian attorneys told the court that because all of the property was in the Bahamas, and because "Bahamian law does not allow recognition of a foreign insolvency proceeding for a Bahamian company" that the U.S. bankruptcy proceedings should be suspended and Bahamas regulators should be allowed to assume full control of the Bahamian real estate process. News and analysis for the professional investor. Along with the registration news, the company named Ryan Salame the CEO of FTX Digital Markets. Bahamian professionals will surely benefit from the jobs that will be created as a result of the DARE Act.. Fortune visited the planned site of the headquarters on Tuesday, which is currently gated off with no sign of FTXs presence. Deals included the naming rights to the Miami Heats basketball stadium, renaming it FTX Arena,[155][156] a partnership with Major League Baseball to place the FTX logo on the uniforms of umpires,[157] and a deal with Mercedes-AMG Petronas F1 Team to add the FTX logo to their cars and merchandise. Salame formerly served as the head of over-the-counter at Alameda Research. Mayor Lori Lightfoot had attended the . The platform can be used by professional trading firms and first-time visitors. Background: FTX and Alameda, Binance, and, Crisis begins: Binance FTT sale, sell-off, and withdrawn rescue bid, Effects on other cryptocurrency firms and cryptocurrency markets, United States Attorney for the Southern District of New York, United States House Committee on Financial Services, "Enron's Liquidator to Oversee FTX's Massive Crypto Bankruptcy", "FTX grew revenue 1,000% during the crypto craze, leaked financials show", "Crypto exchange FTX has "a few billion" to support industry - Bankman-Fried", "How FTX's Sam Bankman-Fried Went From Crypto Golden Boy to Villain", "Crypto Exchange FTX Valued at $18 Billion in Funding Round", "FTX Deal Gives Institutions New Access to Crypto Markets", "Crypto firm FTX Trading's valuation rises to $18 BLN after $900 MLN investment", "The downfall of FTX's Sam Bankman-Fried sends shockwaves through the crypto world", "Bankman-Fried's Crypto Exchange FTX Leaves Hong Kong for Bahamas", "Crypto Exchange Competition Heats Up With FTX.US Growth Spurt", "Embattled Crypto Exchange FTX Files for Bankruptcy", "FTX Files for Bankruptcy; Sam Bankman-Fried Steps Down as CEO", "FTX Goes Bankrupt in Stunning Reversal for Crypto Exchange", "Sam Bankman-Fried's $32bn FTX crypto empire files for bankruptcy", "Divisions in Sam Bankman-Fried's Crypto Empire Blur on His Trading Titan Alameda's Balance Sheet", "Bitcoin briefly touches a new low for the year, FTX token plunges more than 75% in broad crypto sell-off", "Tensions Between Crypto's Two Richest CEOs Spill Into Markets", "Crypto exchange FTX saw $6 bln in withdrawals in 72 hours", "Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse", "Sam Bankman-Fried: FTX founder arrested in Bahamas", "FTX Employees Used Company Funds to Buy Homes in the Bahamas", "The Ex-Jane Street Trader Who's Building a Multi-Billion Crypto Empire", "A Crypto Emperor's Vision: No Pants, His Rules", "Behind FTX's fall, battling billionaires and a failed bid to save crypto", "Cryptocurrency exchange FTX acquires portfolio tracker Blockfolio", "Crypto exchange FTX secures backing from venture capital and hedge funds", "Crypto Firm FTX Valued at $18 Billion as SoftBank, Ribbit Invest", "Crypto Exchange FTX Sets Up $2 Billion Venture Fund", "Cryptocurrency exchange FTX hits $32 billion valuation despite bear market fears", "FTX's new gaming division faces an uphill battle in convincing gamers to buy NFTs", "FTX Strikes Deal With Option to Buy Crypto Lender BlockFi for Up to $240 Million", "FTX signs a deal giving it the option to buy crypto lender BlockFi", "Crypto Exchange FTX Wins Bankrupt Firm Voyager's Assets", "Binance.US to Buy Assets of Bankrupt Crypto Lender Voyager, Eyes More Acquisitions", "Crypto exchange FTX is replacing its U.S. president", "Texas regulators have their eyes on one of the most powerful players in the crypto world", "Crypto Quant Shop With Ties to FTX Powers Bankman-Fried's Empire", "How Sam Bankman-Fried's Crypto Empire Collapsed", "New CEO Says FTX Suffered 'Complete Failure of Corporate Controls', "Alameda Amassed Crypto Tokens Ahead of FTX Listings, Public Data Shows", "FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall", "Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds", "Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX", "Sam Bankman-Fried Fooled the Crypto World and Maybe Even Himself", "Binance's Billionaire CEO Casts Himself as Crypto's New Savior", "Binance to Sell Holdings of FTX's Token as Relations Between Crypto Exchanges Fray", "Binance To Sell $529 Million of Bankman-Fried's FTT Token", "Binance's CZ and FTX's Sam Bankman-Fried Trade Barbs Over Twitter", "Here's the rundown on the Binance and FTX fiasco", "Crypto Billionaires' Brawl Triggers Contagion Fears in Markets", "Binance Pulls Out of Deal to Acquire Rival Crypto Exchange FTX", "CZ's Binance to Buy Rival FTX After Sam Bankman-Fried Faces Liquidity Crunch", "Crypto Exchange Binance Agrees to Acquire Rival FTX", "Crypto giant Binance to acquire rival FTX following 'liquidity crunch', "Binance plans to buy rival FTX in bailout as crypto market crumbles", "FTX's token plunges 80% on liquidity concerns, wiping out over $2 billion in value", "FTX's Financial Black Hole Leaves Binance Balking at Rescue Plan", "Sam Bankman-Fried's FTX Empire Faces US Probe Into Client Funds, Lending", Binance Says It Will Walk Away from Deal to Buy FTX, "Binance ditches deal to rescue rival crypto exchange FTX", "Sam Bankman-Fried apologises for FTX crisis", "FTX: Cryptocurrency market rocked by near-collapse of exchange", "FTX approaches Kraken amid scramble to find funding", "Bankman-Fried Vows to 'Give Anything' for Capital as FTX Flails", "Sam Bankman-Fried says Alameda Research to wind down trading, FTX attempting to raise capital", "FTX ditched by Binance while also losing most of its legal and compliance staff | Semafor", "Inside FTX.US, Employees Are Trying to Sell Assets With Sam Bankman-Fried Away", "FTX Latest: Bahamas Freezes FTX.com Assets, Appoints Liquidator", "FTX looks for $9.4 bln in rescue funds, Bahamas freezes some assets", "Global regulators circle Sam Bankman-Fried's FTX exchange", "Administrative Actions against FTX Japan, Inc", "Sam Bankman-Fried's 'Effective Altruism' Team Resigns Amid FTX Meltdown", "FTX Is Investigating a Potential Hack Amid Bankruptcy Filing", "Bankrupt FTX Hit by Mysterious Outflow of About $662 Million", "Some staff of beleaguered FTX crypto exchange leave Bahamas for Hong Kong", "Kraken to Assist In Probing FTX Unauthorized Crypto Withdrawals", "Sam Bankman-Fried Says He's in the Bahamas, Reuters Reports", "Bahamian police reportedly interviewed Sam Bankman-Fried this weekend, investigations into downfall intensify", "FTX Founder Sam Bankman-Fried Attempts to Raise Fresh Cash Despite Bankruptcy", "Sam Bankman-Fried tries to explain himself", "Between $1 billion and $2 billion of FTX customer funds have disappeared, SBF had a secret 'back door' to transfer billions: Report", "FTX held less than $1bn in liquid assets against $9bn in liabilities", "Sam Bankman-Fried Posts Weird Cryptic Tweets After Wealth Wipeout", "Revealed: FTX's emergency fundraising term sheet", "Bahamas based FTX Digital Markets files for Chapter 15 bankruptcy in New York", "FTX used corporate funds to purchase employee homes, new filing shows", "FTX Chief Slams Bankman-Fried, Calls Controls 'Complete Failure', "Declaration of John J. Ray III in Support of Chapter 11 Petitions and First-Day Pleadings", "Crypto.com's Sinking Token Stirs Fresh Anxiety After FTX Wipeout", "Crypto.com customers worry it could follow FTX, as CEO tries to reassure them everything's fine", "BlockFi Prepares for Potential Bankruptcy as Crypto Contagion Spreads", "Silbert's Once-$10 Billion Crypto Empire Is Showing Cracks", "Winklevosses' Gemini Delays Withdrawals on Lending Program", "Investor Losses from FTX's Implosion Are Growing", "World's Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It Holds", "Silvergate Capital Shares Slide as FTX Fallout Attracts Short Sellers", "Crypto Bank Silvergate Battles FTX Contagion Fears", "FTX problems mean big headaches for its private equity investors", "Cryptocurrencies fall after FTX-Binance turmoil spooks investors", "FTX Fiasco Hits Investors From Tiger Global to Tom Brady", "The Midterms' Red Ripple Delivers Uncertainty to the Markets", "Sequoia Capital Writes Down Entire Value of Its FTX Stake", "FTX Implodes, and a Top VC Backer Falls on Its Face", "FTX investor Sequoia removed its glowing 13,000-word profile of Sam Bankman-Fried and replaced it with somber note after its investment cratered to $0", "Ontario Pension says any loss from FTX investment to have limited impact", "Singapore's Temasek Writes Down $275 Million FTX Investment", "Tom Brady.
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