FTX CEO Sam Bankman-Fried Speaks Out Amid Binance Drama – Denies Insolvency, Says Withdrawals Will Continue
FTX CEO Sam Bankman-Fried Speaks Out Amid Binance Drama – Denies Insolvency, Says Withdrawals Will Continue
FTX CEO Sam Bankman-Fried has denied insolvency rumors amid mounting speculations that his exchange is facing liquidity issues, as evident by Binance's move to dump all its FTT holdings.
Sam Bankman-Fried denied bail, to remain in custody until Feb. 8
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FTX Founder Sam Bankman-Fried Speaks Out: ‘I Screwed Up’
Sam Bankman-Fried, the CEO once hailed as the “King of Crypto,” spoke out about the stunning collapse of his company FTX. “I think I have a duty to do everything I can to try and do what’s right,” he told CNBC’s Andrew Ross Sorkin.
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#FTX #SamBankmanFried #CryptoCurrency
Sam Bankman-Fried Denies FTX Insolvency Rumors as Binance Moves to Liquidate FTT Tokens
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Traders are scurrying to hedge against a potential slide in crypto exchange FTX’s native token, FTT, in the wake of Binance’s decision to liquidate FTT holdings and controversy surrounding sister company Alameda Research’s balance sheet. This comes as FTX CEO Sam Bankman-Fried tweeted in part that “FTX is fine. Assets are fine.” “The Hash” panel discusses the latest developments after CoinDesk published a story revealing that Alameda’s balance sheet was loaded with FTT.
FTX files for bankruptcy
#shorts #sambankmanfried #yahoofinance
FTX files for bankruptcy and Sam Bankman-Fried resigns as CEO amid its insolvency scandal. Yahoo Finance Editor-at-Large Brian Sozzi on November 11, 2022.
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