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Crypto Exchange FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns
Crypto exchange FTX filed for bankruptcy protection in the U.S., the Bahamas-based company said Friday. CEO and founder Sam Bankman-Fried also resigned his role, but will "assist in an orderly transition." John Ray III is the new CEO. The Hash hosts discuss the history of FTX and and the outlook for decentralized finance in the wake of the fallout.
Sam Bankman-Fried Apologizes, Promises FTX.US Customers' Funds Are 'Fine'
"The Hash" hosts discuss today's top stories: Sam Bankman-Fried apologized on Twitter as the FTX crisis deepened, Tron network’s native TRX token momentarily surged some 4,000%, from 6 cents to $2.50, on embattled crypto exchange FTX, and SEC's Gary Gensler speaks out on the state of crypto regulation during an interview on CNBC.
Bitcoin Dips Below $17K as Binance Said to Waver on FTX Deal, NFL Legend Tom Brady Caught in FTX Fallout
Bitcoin (BTC) dropped to a new 23-month low, as CoinDesk reports cryptocurrency exchange giant Binance is highly unlikely to go through with its proposed acquisition of struggling rival FTX after less than a day of reviewing the company, according to a person familiar with the matter. "The Hash" team discusses the latest developments and what it could mean for seven-time Super Bowl champion Tom Brady, who quickly became a prominent FTX backer.
Sam Bankman-Fried Tweets FTX 'Assets Are Fine'; OpenSea Reveals Plans for NFT Royalties
As speculation mounted over the weekend about the solvency of Sam Bankman-Fried's FTX crypto exchange, the CEO tweeted in part on Monday that "FTX is fine. Assets are fine." Last week, CoinDesk published a story revealing the balance sheet of FTX sister company Alameda Research was loaded with FTX's native exchange token FTT, leading to a war of words between Alameda CEO Caroline Ellison and Binance CEO Changpeng "CZ" Zhao. Plus, a closer look at OpenSea's outlook on NFT creator royalties.
Aptos CEO Defends 'Fair' Tokenomics That Prompted Community Backlash; Where in the World Is Do Kwon?
The CEO of Aptos, the layer 1 blockchain that went live last month, has defended the project's "fair" token allocation following a wave of criticism from its community. Plus, Bloomberg reports that South Korean prosecutors have indicated that the co-founder of Terraform Labs, Do Kwon, may be in Europe. And, Iddris Sandu, Spatial LABS founder and technologist, explains how he's connecting the fashion industry with the world of crypto.
