In a major blow to FTX, co-founder Gary Wang testified that Sam Bankman-Fried (SBF) used a random number generator to fabricate the published insurance fund amounts. This revelation comes amid an ongoing lawsuit against FTX and SBF, who is accused of misleading investors and engaging in fraudulent activities. Wang's testimony raises serious questions about the legitimacy of FTX and the safety of user funds. If the insurance fund was fabricated, it means that users were not actually protected as SBF had claimed. The lawsuit against FTX and SBF is still ongoing, but Wang's testimony is a major setback for the company and its CEO. If the allegations are proven true, FTX could face significant legal and regulatory consequences.
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Mkt Cap $2.29T
BTC Dom 56.79 %
BTC
$64,920.00
▲ +0.80%
ETH
$1,914.24
▲ +0.60%
USDT
$0.999454
▲ +0.00%
BNB
$592.37
▲ +0.30%
USDC
$0.999697
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.81
▲ +1.60%
TRX
$0.327202
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.20%
HYPE
$54.35
▼ -2.90%
DOGE
$0.06971
▲ +1.60%
USDS
$0.999928
▲ +0.00%
RAIN
$0.012729
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$510.98
▲ +3.50%
ADA
$0.202102
▼ -1.80%
XMR
$373.32
▲ +1.80%
WBT
$56.15
▲ +0.70%
LINK
$8.19
▼ -0.50%
XLM
$0.161654
▲ +0.40%
DAI
$0.999802
▲ +0.00%
BCH
$216.12
▲ +1.30%
USD1
$0.999811
▲ +0.00%
USDE
$0.999777
▲ +0.00%
GRAM
$1.35
▼ -2.00%
Mkt Cap $2.29T
BTC Dom 56.79 %
BTC
$64,920.00
▲ +0.80%
ETH
$1,914.24
▲ +0.60%
USDT
$0.999454
▲ +0.00%
BNB
$592.37
▲ +0.30%
USDC
$0.999697
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.81
▲ +1.60%
TRX
$0.327202
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.20%
HYPE
$54.35
▼ -2.90%
DOGE
$0.06971
▲ +1.60%
USDS
$0.999928
▲ +0.00%
RAIN
$0.012729
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$510.98
▲ +3.50%
ADA
$0.202102
▼ -1.80%
XMR
$373.32
▲ +1.80%
WBT
$56.15
▲ +0.70%
LINK
$8.19
▼ -0.50%
XLM
$0.161654
▲ +0.40%
DAI
$0.999802
▲ +0.00%
BCH
$216.12
▲ +1.30%
USD1
$0.999811
▲ +0.00%
USDE
$0.999777
▲ +0.00%
GRAM
$1.35
▼ -2.00%
BTC
$64,920.00
▲ +0.80%
ETH
$1,914.24
▲ +0.60%
USDT
$0.999454
▲ +0.00%
BNB
$592.37
▲ +0.30%
USDC
$0.999697
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.81
▲ +1.60%
TRX
$0.327202
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.20%
HYPE
$54.35
▼ -2.90%
DOGE
$0.06971
▲ +1.60%
USDS
$0.999928
▲ +0.00%
RAIN
$0.012729
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$510.98
▲ +3.50%
ADA
$0.202102
▼ -1.80%
XMR
$373.32
▲ +1.80%
WBT
$56.15
▲ +0.70%
LINK
$8.19
▼ -0.50%
XLM
$0.161654
▲ +0.40%
DAI
$0.999802
▲ +0.00%
BCH
$216.12
▲ +1.30%
USD1
$0.999811
▲ +0.00%
USDE
$0.999777
▲ +0.00%
GRAM
$1.35
▼ -2.00%
Mkt Cap $2.29T
BTC Dom 56.79 %
BTC
$64,920.00
▲ +0.80%
ETH
$1,914.24
▲ +0.60%
USDT
$0.999454
▲ +0.00%
BNB
$592.37
▲ +0.30%
USDC
$0.999697
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.81
▲ +1.60%
TRX
$0.327202
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.20%
HYPE
$54.35
▼ -2.90%
DOGE
$0.06971
▲ +1.60%
USDS
$0.999928
▲ +0.00%
RAIN
$0.012729
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$510.98
▲ +3.50%
ADA
$0.202102
▼ -1.80%
XMR
$373.32
▲ +1.80%
WBT
$56.15
▲ +0.70%
LINK
$8.19
▼ -0.50%
XLM
$0.161654
▲ +0.40%
DAI
$0.999802
▲ +0.00%
BCH
$216.12
▲ +1.30%
USD1
$0.999811
▲ +0.00%
USDE
$0.999777
▲ +0.00%
GRAM
$1.35
▼ -2.00%
