Bankman-Fried says he will testify before US House committee
Committee Chair Maxine Waters last week invited Bankman-Fried to participate in the panel's hearing on Dec. 13.
Source: businesstoday.in
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FTX remains focus of 'active' investigation, Bahamas attorney general says
FTX, which had been among the world's largest cryptocurrency exchanges, is headquartered in the Bahamas.
Source: businesstoday.in
Took 'irrational decisions' due to 'sh**ty things', buckled under pressure: FTX's former CEO Sam Bankman-Fried
In a recent letter to employees, CEO of failed crypto exchange FTX Sam Bankman-Fried said he buckled under pressure reluctantly even though he should have known better.
Source: businesstoday.in
FTX collapse: Sam Bankman-Fried's crypto exchange run as 'personal fiefdom,' faces hacks, missing assets, say attorneys
In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal
Source: businesstoday.in
Temasek becomes latest backer to write down $275 mn funding in crypto exchange FTX
"In view of FTX's financial position, we have decided to write down our full investment in FTX, irrespective of the outcome of FTX's bankruptcy protection filing," Temasek said in a detailed statement on Thursday.
Source: businesstoday.in