The Latest Breaking News from FTX

The total loss reported was £1.16 million, with the biggest individual loss at £1 million.

If indeed all the reports are true— that the cryptocurrency exchange FTX lent out billions of dollars in customer deposits for risky bets without their consent — then the world should celebrate its swift demise. Markets are ruthless in rewarding success and punishing failure. And FTX’s fall from grace over…

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million

"Technology comes and goes, gold stays, at least physically. Once neglected for a brief period, Bitcoin would necessarily collapse.”

Digital Currency Group, the head of Barry Silbert's crypto empire, is under DoJ and SEC investigations, according to Bloomberg News.

At a recent celebration of Christmas in the Bahamas, Bishop Lawrence Rolle sang about a half dozen songs, mostly Afro-Caribbean gospel songs

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The disgraced crypto king was released on bail on Dec. 21. He will stand trial in October.

The platform, which is headquartered in the Seychelles, is one of the latest victims of the crisis affecting the sector for a year.