Ripple Singapore to Claim 11.4M from FTX in Recent Legal Filing

Ripple

In a surprising revelation, @WKahneman, a well-known supporter of Ripple, has shared a newly disclosed court document.  The document indicated that Ripple Singapore is set to assert a substantial claim of $11.4 million in FTX assets. This development shows Ripple Labs’ significant exposure to FTX’s holdings. Ripple Singapore’s $11.4M Claim Against FTX Revealed Ripple Labs […]

Former FTX CEO Sam Bankman-Fried Convicted, Faces Up to 115 Years in Prison

FTX Former CEO

After a month-long trial, a federal jury delivered guilty verdicts on all counts brought against SBF by the United States Department of Justice (DOJ) in connection with FTX’s demise. Throughout the trial, SBF had vehemently pleaded not guilty to the five counts of conspiracy and two counts of fraud. He and his legal defense team […]

Ripple CEO Sheds Light on $10M XRP Exposure to FTX

Ripple CEO Criticizes SEC on Recent Court Rulings

In a recent fireside interview on CNBC’s Tech Transformers at Davos, Ripple CEO Brad Garlinghouse revealed that the blockchain payments company had exposure to FTX. Garlinghouse disclosed that the now-bankrupt cryptocurrency exchange received a $10 million XRP lease from Ripple. “… we did have some exposure to FTX,” the Ripple chief said. “I think … […]

FTX & DCG Accused by 3AC Creator For Leading Terra to its Demise

The Terra Community May Give Up Burn Tax Now to Boost Utility

2022 was one of the most difficult years in the history of cryptocurrency. Terra’s demise ended with Digital Currency Group, or DCG. Similar hypotheses were developed. Su Zhu, the founder of 3AC, the first business to fail due to Terra’s demise, has developed his idea. The failure of FTX had a significant impact on Genesis […]

CEO of Ripple Links FTX Failure to Wells Fargo’s Billions in Mismanagement

Ripple CEO Brad Garlinghouse

Another billion-dollar fine was paid by one of the largest American banks for mistreating its clients. During the FTX drama’s hot news cycle, Ripple CEO Brad Garlinghouse wanted to draw attention to another incident involving traditional finance’s wrongdoings. According to Garlinghouse, a $3.7 billion fine for Wells Fargo bank’s negligence was “barely a blip on […]

Deaton and Ripple CTO Slams “Mr. Wonderful” For Criticizing Binance For FTX Crash

During yesterday’s Senate Banking Committee hearing on the FTX collapse, Shark Tank investor and serial entrepreneur Kevin O’Leary, aka Mr. Wonderful, blamed rival cryptocurrency exchange Binance for the financial disaster of the exchange. O’Leary asserts that Binance forced FTX out of business. Despite Sam Bankman-Fried’s recent arrest on fraud charges and a separate complaint from […]

FTX Fall Lesson Most Likely Ignored By People, Says Ripple CTO

David Schwartz, Ripple CTO

The CTO of Ripple, David Schwartz, claimed today on Twitter that there are numerous things we can take from the failure of FTX. Nevertheless, Schwartz contends that people are most inclined to overlook the obvious. If there are no checks to stop you, according to Schwartz, it is impossible to resist the urge to speculate […]

Cardano Founder: Blaming Binance for FTX Fall is a Big Joke

Cardano Founder: Blaming Binance for FTX Fall is a Big Joke

Charles Hoskinson, the founder of Cardano, has commented on rumours that Congress is looking into Binance’s involvement in the collapse of the FTX market. Plans to have Binance investigated by Congress were referred to as a joke by Hoskinson. The Block, a cryptocurrency news outlet, said yesterday that Rep. Patrick McHenry, R-N.C., a senior House […]

Shiba Inu: FTX Hacker Traded 400 Billion SHIB for Ethereum

Shiba Inu and Twitter

The FTX predicament is just getting worse. PeckShield claims that an address marked “FTX Accounts Drainer” exchanged 2346 ETH for 400 Billion Shiba Inu (SHIB) tokens, valued at $3.9 Million. Ethereum is worth $2.9 million, so the address lost around $1 million.  On November 12, a few hours after the FTX attack, 400 billion Shiba […]