FTX
Miami Fines FTX $16.5M for Cancelling Arena Sponsorship
FTX owes Miami-Dade County, the owners of the facility formerly known as FTX arena, $16.5 million, according to a contract signed last year between the bankrupt exchange. FTX bought the naming rights to the Miami Heat's home arena in March 2021. "The Hash" panel discusses the latest fallout of the FTX collapse.
Crypto.com CEO Dismisses Balance Sheet Concerns
In a live question session hosted on YouTube, Kris Marszalek, CEO of crypto exchange Crypto.com, said the company’s balance sheet is strong and its exposure to FTX was limited to $10 million, down from a possible $1 billion in business the two exchanges previously had together. "The Hash" panel discusses the outlook for Crypto.com amid FTX contagion fears.
FTX Downfall Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report
In the aftermath of crypto exchange FTX's fall from grace, U.S. Treasury Secretary Janet Yellen said the industry needs "very careful regulation," Bloomberg reported Saturday. "The Hash" hosts discuss Yellen's reported remarks and the implications for crypto regulation.
TaxBit Exec on FTX Collapse, Crypto Taxes
The Financial Times reports FTX held less than $1 billion in liquid assets against $9 billion in liabilities before its bankruptcy filing. TaxBit Government Relations Senior Director Seth Wilks discusses the collapse of FTX and its financial considerations. Wilks also shares his insights into crypto taxes amid IRS scrutiny of the industry.
Turkish Law Enforcement Investigating FTX's Local Arm Following Wipeout
Turkey's Financial Crimes Investigation Agency said it is looking into individuals, institutions, banks and crypto service providers with ties to FTX.com after its swift collapse last week.
Kevin O’Leary Says Comments From Gensler Killed His Attempts to Help Save FTX
The "Shark Tank" star said he was receiving requests from funds about the crypto exchange, but remarks from the SEC's chairman threw a wrench in the plans.
Ikigai Asset Management Had 'Large Majority' of Assets on FTX, Unclear Whether It Will Be Able to Continue
Chief Investment Officer Travis Kling tweeted that the hedge fund has only been able to withdraw "very little" of its funds.
Binance Users Withdrew $1.35B of Bitcoin in Days Following FTX Collapse
The net exit of crypto was industry-wide as FTX closed off customer withdrawals and ultimately filed for bankruptcy protection.
Health of FTX’s US Derivatives Arm Owed to Oversight, Says CFTC Chief Behnam
The former LedgerX unit seems to be in good shape, Behnam said at a Chicago event, though its controversial application to directly clear customers’ derivatives trades was withdrawn.
Kevin O'Leary Addresses FTX Fallout, Ties with Sam Bankman-Fried
Kevin O'Leary, O'Leary Ventures chairman, who became a spokesperson for FTX back in 2021, discusses his relationship with former FTX CEO Sam Bankman-Fried and why he invested in the company. "It was meeting the team that gave me the confidence to get involved with this," he said.
