Genesis CEO asks for patience from clients amid Gemini pressure | Invezz

Genesis CEO asks for patience from clients amid Gemini pressure | Invezz

Genesis Trading, the cryptocurrency brokerage and lender that halted customer withdrawals in the aftermath of FTX collapse, believes it can sort out its financial problems. However, it needs more time in order to accomplish this, the troubled crypto lender’s interim CEO Derar Islim said. According to CoinDesk, a crypto publication which like Genesis is owned … Read more

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas | Invezz

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas | Invezz

Sam Bankman-Fried, the founder and former CEO of collapsed cryptocurrency exchange FTX has been arrested in the Bahamas. The arrest followed a request from the US government, Reuters reported late Monday. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. According to the latest on the developing story, the … Read more

FTX tried to ‘buy time’ with Voyager and BlockFi bids, Lumida CEO says | Invezz

FTX tried to ‘buy time’ with Voyager and BlockFi bids, Lumida CEO says | Invezz

FTX’s acquisition of creditors was a ploy to buy time and slow down a margin call, Ram Ahluwalia, the CEO of crypto-native investment advisor Lumida Wealth Management says. Sam Bankman-Fried’s FTX, Alameda and over 100 affiliate companies filed for bankruptcy last week, a development that shocked the crypto world and helped train the regulatory flood … Read more

BREAKING: FTX files for bankruptcy, SBF resigns as CEO | Invezz

BREAKING: FTX files for bankruptcy, SBF resigns as CEO | Invezz

FTX, until recently thought to be one of cryptocurrency’s top platforms, has announced it entered voluntary Chapter 11 Proceedings. The announcement on Friday morning is the latest chapter of a really stunning turn of fortunes for the crypto exchange, a timeline of events that have helped trigger fresh selling across the crypto market. FTX files … Read more