The terminated sponsorship deal with esports giant TSM represents yet another fractured partnership for the fallen crypto exchange.Senate Banking Committee eyes hearing on Sam Bankman-Fried's FTX collapse
A key Senate committee could hold a hearing to investigate the collapse of crypto exchange FTX. The Senate Banking Committee is “working to schedule a hearing and details are forthcoming,” according to a Democratic committee spokesperson. FTX, once valued at $32 billion, filed for bankruptcy protection last week. The push to schedule a Senate hearing […]
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Crypto Lender Genesis Suspends Withdrawals After FTX CollapseThe swift demise of FTX created unprecedented turmoil for Genesis, causing the company’s lending arm to be unable to meet all withdrawal requests, the company told clients. highlarious Imagine not being able to withdraw from your bank. $BTC
Source: WSJ - 🏆 98. / 63 Read more »
Crypto Lender Genesis Suspends Withdrawals: FTX Collapse Created 'Unprecedented Market Turmoil'The crypto firm with some $3 billion in loan volume is the latest to suspend customer withdrawals. Kid was very smart and scammed many people out of millions of dollars that they'll never recover FTX is was just a catalyst or window into the cryptocurrency ponzi scheme and many are going to suffer yugely.
Source: Forbes - 🏆 394. / 53 Read more »
Genesis crypto lending arm suspends customer withdrawals after FTX meltdownThe lending arm of crypto broker Genesis Global Trading says it has suspended its redemptions and new loan originations following the collapse of crypto market FTX. The Crypto implosion continues. The dominos start to fall. MANCHINJOE III2900--2021-07-24BANKMAN-FRIEDSAMUELFTX US MANCHINJOE III2900-- 2021-07-24BANKMAN-FRIEDSAMUELFTX US
Source: FoxBusiness - 🏆 458. / 53 Read more »
Crypto broker Genesis suspends loan redemptions; Bankman-Fried, celebrities suedCrypto lender Genesis Global Capital suspended redemptions on Wednesday citing the failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action, as its sudden collapse ripples across the industry.
Source: Reuters - 🏆 2. / 97 Read more »