Tag: SBF

On Nov. 11, the crypto exchange FTX filed for bankruptcy protection in the US, the Bahamas-based company said. Chapter 11 bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities. Also, FTX CEO and founder Sam Bankman-Fried resigned from his role. FTX Group, which includes FTX.com and FTX…

FTX plans to issue its own stablecoin at some point, CEO Sam Bankman-Fried said without providing further details. He also hinted at a potential acquisition of the crypto exchange Coinbase. Meanwhile, crypto exchange Huobi said it would delist the stablecoin HUSD. Crypto exchange FTX is reportedly working on creating a stablecoin. In an interview with…

Crypto exchange FTX made up a billion dollars in revenue last year. FTX’s revenue saw an increase of over 1,000%, going from $89 million to $1.02 billion as of 2021. The company also completed numerous acquisitions and was able to add to its global reach, CNBC said, citing internal audited financials. As CNBC reported on…