FTX Latest: Bankman-Fried’s Crypto Empire Files for Bankruptcy
Cyprus is planning to suspend FTX’s operating license, while the crisis could lead to a tightening of US and EU crypto regulations. Wider crypto markets were hit by the fallout, with Bitcoin falling more than 8% at one point. Former Treasury Secretary Lawrence Summers compared the meltdown to that of Enron Corp. Troubled crypto lender BlockFi said it can no longer operate as usual, citing “a lack of clarity” in relation to FTX. Earlier, Bankman-Fried said he’s closing Alameda Research, the tr...
FTX Latest: Bankman-Fried’s Crypto Empire Files for Bankruptcy
Cyprus is planning to suspend FTX’s operating license, while the crisis could lead to a tightening of US and EU crypto regulations. Wider crypto markets were hit by the fallout, with Bitcoin falling more than 8% at one point. Former Treasury Secretary Lawrence Summers compared the meltdown to that of Enron Corp. Troubled crypto lender BlockFi said it can no longer operate as usual, citing “a lack of clarity” in relation to FTX. Earlier, Bankman-Fried said he’s closing Alameda Research, the tr...
