FTX Collapse Wiped Out Tom Brady’s $30 Million Investment
The FTX collapse dealt a devastating blow to Tom Brady, the popular NFL quarterback, causing him to suffer significant financial losses.
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The FTX collapse dealt a devastating blow to Tom Brady, the popular NFL quarterback, causing him to suffer significant financial losses.
That Silverage’s troubles are not a negative catalyst for BTC’s price “has to be seen as a positive,” one analyst says.
Bankman-Fried could have supposedly played a role in the crash of UST and LUNA.
FTX, the second largest crypto exchange in the world, went from 100 to nearly zero real quick — within the span of around 48 hours.
The Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra's algorithmic stablecoin UST.
A founder of a DEX competitor to GMX said on Sept. 2 that an exploit could be pulled off on GMX which could leave GLP holders short. 16 days later, it happened.
As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions.
Lessons from the crypto crash: Just like in the aftermath of the dot-com bust, the crypto market now has to trim the fat.