Winklevoss Twins Owed $900M by Crypto Broker as FTX Contagion Spreads
Crypto exchange owned by Winklevoss twins trying to recoup $900M from cash-strapped crypto broker that has been gutted in wake of FTX collapse.
Crypto exchange owned by Winklevoss twins trying to recoup $900M from cash-strapped crypto broker that has been gutted in wake of FTX collapse.
Writing down FTX stake to zero reveals that mighty BlackRock dodged a bigger bullet by refusing to make a more concentrated bet. Others not so lucky.
The legendary financier originally tweeted that he believed Bankman-Fried when he claimed he had no intention of defrauding.
“I don’t care how messy your accounting is, you’re definitely going to notice if you find an extra $8B to spend,” Brian Armstrong, Coinbase Global.
Cryptocurrency space is undergoing one of roughest stretches in memory, with trouble brewing at exchanges and lenders, and token prices collapsing.
Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.
The crypto rout has room to run, according to veteran fund manager Mark Mobius. He wouldn’t invest his own cash or client money in digital assets.