Rumors continue to fly surrounding Sam Bankman-Fried and the fall of FTX
A rumor suggesting that FTX CEO Sam Bankman-Fried has been arrested is circulating on social media.
A rumor suggesting that FTX CEO Sam Bankman-Fried has been arrested is circulating on social media.
The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously.
The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.”
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.
Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute.
Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in.
Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.
Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar.
According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events.
A report from Reuters claimed that FTX used some of its customer deposits to support Alameda Research.