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Tag: FTX

Celsius crypto lender

Celsius Network Insolvent Since Inception

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A court-ordered investigation is looking into Celsius Network, a cryptocurrency lender that promised its customers a big 17% return on their deposits every year. The company’s failure was reportedly inherent in its business model, and its founder and CEO, Alex Mashinsky, has come under fire for fraud. “Extreme Market Conditions” In June 2022, Celsius halted withdrawals and transfers, blaming “extreme market...

Bankruptcy, Celsius, Front page, FTX, Main, Sam Bankman-Fried

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Genesis bankruptcy

Genesis filed for bankruptcy protection in USA

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Sadly, one more company joins the list of crypto companies that have fallen into bankruptcy.  Genesis Global Capital, LLC, a cryptocurrency lender owned by Digital Currency Group (DCG), filed for bankruptcy late Thursday night in New York. Genesis voluntarily filed three petitions with the bankruptcy court, the company said in a press release. The crypto lender has been having money problems. It owes more than $3 billion to its major...

Bankruptcy, Cryptocurrencies, Exchanges, Front page, FTX, Gemini, Genesis, Main

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crypto today

Crypto Today: Risk appetite; Bitzlato bust; FTX funds

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Risk appetite returns The price of bitcoin has risen by almost a third since the beginning of the year, leading to speculation that the prolonged ‘crypto winter’ is finally beginning to thaw. Short sellers lost hundreds of millions of dollars in the space of just a few days, according to a report from crypto investment service BitStacker. The gains come amid easing inflation and signs that the US Federal Reserve will slow...

Binance, Bitcoin, Bizlato, Cryptocurrencies, Exchanges, FTX, Sam Bankman-Fried

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Solana

Solana Loses 94% of Value Since Start of 2022 Due to Association with SBF and FTX

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Solana is a layer-1 blockchain network that is not controlled by a central authority and runs on its own cryptocurrency, SOL. It aims to give decentralized applications and blockchain-based projects infrastructure that is fast, safe, and scalable. Anatoly Yakovenko started Solana in 2017. Since then, it has become a popular choice among developers who want to build on a reliable and fast blockchain platform. Even though SOL is popular and...

$SOL, Bankruptcy, Front page, FTX, Main, News, NFTs, Sam Bankman-Fried

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sam bankman-fried

Sam Bankman-Fried was arrested in the Bahamas

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Bankman-Fried has been apprehended in the Bahamas. According to CNBC, Bankman-arrest Fried’s warrant was issued after US officials filed charges against him. This was confirmed by Ryan Pinder, who is the Attorney General of the Bahamas. He said that the U.S. was likely going to ask for his extradition soon. In a statement about this, Philip Davis, the prime minister of the Bahamas, said: The Bahamas and the United States have an...

Bankruptcy, Cryptocurrencies, Front page, FTX, Main, Sam Bankman-Fried

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