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FOXNEWS Cavuto Live June 4, 2024 15:17:00

A criminal. everything is done as far as ftx, spending my funds, this is not surprising anymore. it s not surprising hearing everything that he has done in the last week. jackie: as an exchange the fact that there were a number of things that allegedly went wrong here, but as an exchange holding on to the customer fund, there s no expectation when you trade crypto or anything else that the exchange would use those funds to make other investments or purchases or whatever it is exactly that they were doing or give them to the trading arm, a different arm of the business to leverage them in this way. and so part of this is a crypto story and where the regulation to crypto and tokens and creating them but generally is oversight story that some of the aspects could have happened everywhere and where were the government agencies that were supposed to be watching this? ....

Hearing Everything , Jackie Denglis , Customer Fund , Holding On , Trading Arm , Government Agencies , Oversight Story ,

FOXNEWS The Story With Martha MacCallum June 4, 2024 20:42:00

Somebody. okay, you can take that money. just completely disorganized. faulty cash management. corporate funds used to buy homes and personal items. full employee roster unknown. susan, you spoke with the ceo of another crypto exchange, trying to help ftx at one point to stay afloat. what s interesting, they were trying to help each other stay afloat, but then he said we re out. here s what happened, is that this bankruptcy from ftx really started when the richest man in crypto, when he started selling about half a billion dollars worth of ftx s tokens. martha: watch this. as soon as we discovered that he moved user funds without disclosing that, basically lying to everyone, i said, look, this guy is probably going to be in a lot of trouble, most likely go ....

Susan Lee , A Billion Dollars , A Billion , User Funds ,

The Curious Case of a $7 Million 'Trump Lose' Holding on FTX's Balance Sheet

With crypto exchange FTX’s implosion triggering worries in the sector, Ken Griffin, the CEO of hedge fund Citadel, highlighted a curious item on the exchange’s balance sheet a crypto token called TRUMPLOSE valued at over $7 million. ....

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Crypto Crash: Binance Pauses Deposits of Tether and USD Coin

Crypto markets have entered a new period of volatility amid the collapse of FTX, the world's second-largest cryptocurrency exchange. ....

Sam Bankman , Changpeng Zhao , Terms Of Service , Tether Thursday , Sam Bankman Fried , Mi Exclusive , Usd Coin , Rian Evans ,

Digital Dollar: Global Banks, NY Fed to Launch Pilot Amid FTX Crash

About a dozen global giants, including Citigroup, HSBC and Mastercard, announced plans on Tuesday to test use of a digital token for 12 weeks. ....

Jonathan Raa Nurphoto , Getty Images , Personal Finance Insider , Mi Exclusive , Rian Evans ,