FTX

FTX in talks to raise $1 billion at valuation of about $32 billion

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City.Craig Barritt | Getty ImagesSam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company’s …

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UK financial watchdog issues warning against crypto exchange FTX

The UK’s financial regulator has warned consumers against dealing with FTX, the cryptocurrency exchange run by billionaire Sam Bankman-Fried, in the latest clash between British authorities and offshore digital asset companies.The Financial Conduct Authority said the Bahamas-based exchange appeared to be offering products and services in the UK without its authorisation, according to a statement …

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FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange – Regulation Bitcoin News

The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: “We never meant otherwise, and apologize if anyone misinterpreted it … to be clear FTX US isn’t FDIC insured.” FDIC Orders 5 …

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FTX grew revenue 1,000% during the crypto craze: Leaked financials

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022.Jeenah Moon | Bloomberg | Getty ImagesFTX rode the crypto craze to a billion dollars in revenue last year while expanding its …

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Voyager to return $270M in customer funds, says it received ‘better’ offers than FTX

Beleaguered crypto lender Voyager Digital Holdings says it has received a number of “higher and better” buyout offers than that offered by AlamedaFTX back in July, contrary to the investment firm’s continued public statements. The company has also just been cleared to return $270 million in customer funds held at the Metropolitan Commercial Bank (MCB) by the …

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Celsius moved $529M worth of wBTC to FTX exchange: Should we be worried?

Embattled lending platform Celsius has transferred nearly 25,000 Wrapped Bitcoin (wBTC), worth $528.9 million to crypto exchange FTX, prompting concerns from some in the community about whether a dump may soon follow. The huge transfer to the exchange comes after the lending platform paid off its remaining $41.2 million of debt to Maker (MKR) protocol, freeing …

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