Silvergate Capital is reportedly shutting down operations and liquidating its Signature Bank following its inability to process transactions and the underlying bank run as a result of a boycott by top Crypto Exchanges— Coinbase, Kraken, Binance, among others. On March…
Collapsed Crypto Exchange, FTX is reportedly sending secret mail to US Politicians and Charity organizations who benefited from its jumbo giveaways in the last years. This is coming after Sam Bankman- Fried’s troubled empire filed for Chapter 11 Bankruptcy in…
FTX Crypto Exchange went from being worth $32 billion to filing for bankruptcy in what many are calling the “Lehman Brothers Moments“. In my previous article I compared his exploits on the Crypto Industry as that of Bernie Madoff. The…
One of Alameda’s wallets, holding $1.8m LDO, approved the LDO contract funds in December, ever since filing for Chapter 11 Bankruptcy, FTX and Alameda Research have been skipping on adjusting its balance sheets. Just recently, the FTX bankruptcy estate is…
FTX was until a few weeks ago the second largest cryptocurrency exchange company in the world. However, the empire collapsed, announcing that it was bankrupt and owed $1.45 billion to its 10 creditors. The blame was admitted by Caroline Ellison,…
