Crypto currency

FTX founder Sam Bankman-Fried

FTX founder Sam Bankman-Fried arrested in Bahamas

The Bahamas police have arrested Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, the country’s attorney general has said. He will appear in a magistrates court in The Bahamas on Tuesday, authorities in the Caribbean country said. Police said Mr Bankman-Fried was arrested for “Financial Offences” against laws in the US and The Bahamas. …

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CEO of Crypto.com says he’ll prove naysayers wrong as withdrawals rise

The boss of cryptocurrency exchange Crypto.com took to YouTube Monday to reassure users of his platform after the stunning collapse of rival firm FTX sparked fears of a market contagion. In an “AMA” (ask me anything) on YouTube, the platform’s CEO Kris Marszalek said that his company had a “tremendously strong balance sheet” and that …

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