Alameda Minted $39.55B USDT, 47% of Tether’s Current Supply
Sam Bankman-Fried’s Alameda Research ordered enormous USDT mints in 2021, as chain data flagged by Coinbase director Conor Grogan indicated. Alameda Research redeemed over $38 billion in Tether tokens in 2021 despite not managing the corresponding amount of assets, according to blockchain data flagged by Coinbase director Conor Grogan . According to Grogan, the total […]
SBF Looks into FTX Lawyer’s Actions in $200M Alameda Loans
Sam Bankman-Fried’s legal team is requesting permission to cross-examine Gary Wang regarding the involvement of FTX attorneys in Alameda loan approvals. Sam Bankman-Fried’s legal team is requesting permission to investigate the alleged involvement of FTX attorneys in issuing $200 million in loans from Alameda, which Gary Wang approved. A court ruling issued on October 1 precluded […]
U.S Considering Bankman-Fried Extradition For Questioning
Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO, Sam Bankman-Fried back to the U.S Sam Bankman-Fried, the former CEO of the company, may be extradited back to the United States for questioning in the wake of the FTX exchange liquidity issue and bankruptcy, according to reports from […]
Exchanges Remove FTX Token Pairs From Trading Platforms
Exchanges such as Binance, BitMEX and KuCoin have delisted FTX Token pairs from their crypto exchange platforms. The FTX Token, FTT ($1.77), has been delisted from several crypto exchanges’ platforms as the FTX fall continues to cause havoc in the cryptocurrency sector. The FTT/BTC, FTT/BNB, FTT/ETH, and FTT/USDT tradin g pairs have been withdrawn off […]
Cathie Wood’s ARK Adds $12.1M In Coinbase Shares
Soon after FTX’s liquidity problems were made public and Coinbase said it had “little exposure” to the problematic trading platform. The Cathie Wood-led Ark Investments has increased its Coinbase stock holdings amid the turmoil on the FTX and cryptocurrency markets by purchasing 237,675 Coinbase shares on November 9 for about $12.1 million. Ark Investment Management […]