Tagged: ftx collapse

June 4, 2025 @ 8:15 am By Omar Faridi  |  

The cryptocurrency ecosystem has marked a pivotal moment as FTX, once a major crypto exchange, began its creditor distribution process. Sunil, an advocate for FTX creditors known on X as @sunil_trades, shared that around $5 billion is being returned to creditors. Large claims over $50,000… Read More

August 28, 2023 @ 8:27 am By Omar Faridi  |  

An engineer at Alameda Research recently claimed via social media that he had his “entire life savings” stolen from him by his former boss: Sam Bankman-Fried. Now, after months of recuperation from the “craziness” of the FTX collapse, he’s ready to tell his story. He… Read More

January 1, 2023 @ 11:30 am By Omar Faridi  |  

Since the beginning of the year, the price of bitcoin has dropped by 64% from $46,311 to $16,851, but the market hasn’t yet reached a bottom. As the global economy enters a recession, the world’s first cryptocurrency could fall to $10,000 in 2023, according to… Read More