Disgraced former FTX CEO Sam Bankman-Fried believed that rival digital currency exchange Binance leaked an FTX balance sheet to the media to hurt FTX, according to documents presented in court.
Binance, the giant cryptocurrency exchange, is laying off more than 1,000 employees amid a federal crackdown in the United States.
The U.S. government on Monday charged cryptocurrency trader Binance and its founder, Changpeng Zhao, with a handful of security law violations, saying it established a web of deception with U.S. business practices.
Documents obtained by the Financial Times suggest that the world’s largest cryptocurrency exchange, Binance, maintained connections with China, contradicting the company’s previous claims.
The Commodity Futures Trading Commission (CFTC) today sued Binance Holding Ltd., alleging it violated U.S. rules on futures and derivatives trading — despite the fact that Binance has no formal presence in the U.S.
Cryptocurrency lending firm Genesis Global Capital has reportedly asked crypto exchange Binance and private equity firm Apollo Global Management for cash. Genesis is faltering as the FTX contagion continues to spread throughout the cryptocurrency world.
The new call for a crypto super fund sounds a lot like a similar proposal launched in 2007 before the ensuing global financial crisis.
Sam Bankman-Fried’s cryptocurrency exchange FTX has reportedly filed for Chapter 11 bankruptcy in the U.S. following a week of significant scandals and upset in the cryptocurrency space. The crypto boss and Democrat megadonor popularly known as “SBF” subsequently resigned.
Crypto exchange Binance has reportedly backed out of its plans to acquire rival platform FTX leaving the firm on the brink of collapse. In a rambling Twitter thread that attempts to explain the current state of FTX, CEO Sam Bankman-Fried wrote, “I’m sorry. That’s the biggest thing. I fucked up, and should have done better.”
Binance.com, the world’s largest centralized cryptocurrency exchange, has rejected calls from the Ukrainian government to blacklist Russian users, saying it would “fly in the face” of the pro-freedom values of cryptocurrency to stop ordinary users from accessing the service.
Binance, one of the world’s largest centralized cryptocurrency exchanges has been banned from operating regulated activities in the United Kindom by the Financial Conduct Authority, the country’s financial and markets regulator.
