{"id":580227,"date":"2022-12-14T13:24:29","date_gmt":"2022-12-14T13:24:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/"},"modified":"2022-12-14T13:24:29","modified_gmt":"2022-12-14T13:24:29","slug":"how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/","title":{"rendered":"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person"},"content":{"rendered":"

<\/a> A small change to FTX\u2019s code allowed the company to defraud investors: <\/strong>Fallen crypto exchange FTX saw a tweak in its code in 2020 that allowed a hedge fund owned by former CEO and so-called \u201ccrypto king\u201d Sam Bankman-Fried to borrow an unlimited amount of FTX funds, Reuters<\/a> reports after reviewing the platform\u2019s code base. The code change allowed SBF\u2019s Alameda hedge fund (not to be confused with Alameda Healthcare) to borrow as many funds from FTX as it wants without automatically selling its collateral assets as it does with other customers, giving it a \u201cvirtually unlimited line of credit,\u201d the US Securities and Exchange Commission wrote in its complaint<\/a>. The funds were sourced from bank accounts secretly controlled by Alameda that received over USD 8 bn in deposits from FTX clients, the complaint said.<\/p>\n

Alameda\u2019s account had other special features that <\/strong>allowed it to book orders a fraction of a second faster than others<\/strong>, which in a \u201chigh-frequency trading sector,\u201d is a significant time advantage, the US Commodity Futures Trading Commission said in its statement (pdf)<\/a>.<\/p>\n

\n

<\/a> Musk is no longer the world\u2019s richest person:<\/strong> Tech b\u2019naire Elon Musk\u2019s spot as the world\u2019s richest person was overtaken by Bernard Arnault, the chief executive of fashion giant LVMH, Bloomberg<\/a> reported. Musk, whose fortune was once estimated at USD 340 bn, saw his wealth drop by over USD 100 bn since the start of the year to USD 163.1 bn, partly due to his controversial USD 44 bn acquisition<\/a> of Twitter. Arnault\u2019s fortune is estimated at USD 170.6 bn.<\/p>\n

Golden Globe nominations are out: <\/strong>Tragicomedy firm The Banshees of Inisherin<\/a> led Golden Globe nominations for 2023 with eight nominations with sci-fi fable Everything Everywhere All at Once<\/a> coming second with six nominations. There were five nods each for Steven Spielberg\u2019s The Fabelmans<\/a>, Babylon<\/a>, and Baz Luhrmann\u2019s Elvis<\/a>. Catch the full list of nominations here<\/a>. The award show is scheduled to take place on Wednesday, 11 January.<\/p>\n

WhatsApp could walk away from the UK over proposed law:<\/strong> WhatsApp is threatening to shut down the messaging app in the UK if the British parliament passes proposed anti-encryption laws, Meta\u2019s head of WhatsApp Will Cathcart told The Telegraph<\/a>. The proposed law would require \u201ccommunication providers to take away end-to-end encryption,\u201d a key feature of WhatsApp\u2019s messaging platform, Cathcart said. \u201cThe hard reality is we offer a global product. It would be a very hard decision for us to make a change where 100% of our users lower their security.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

A small change to FTX\u2019s code allowed the company to defraud investors: Fallen crypto exchange FTX saw a tweak in its code in 2020 that allowed a hedge fund owned by former CEO and so-called \u201ccrypto king\u201d Sam Bankman-Fried to borrow an unlimited amount of FTX funds, Reuters reports after reviewing the platform\u2019s code base. […]<\/p>\n","protected":false},"author":1,"featured_media":580228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[637,633,638,6368,6628],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-elon-musk","tag-enterprisepm","tag-for-your-commute","tag-ftx","tag-sam-bankman-fried","wpautop","entry"],"acf":{"mongo_id":"ef457954-28bc-423f-bc35-d1df7e85845f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/711.jpg","photo_position":"above","related_issue":[580222],"teaser":"","voice_url":""},"yoast_head":"\nHow FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person\" \/>\n<meta property=\"og:description\" content=\"A small change to FTX\u2019s code allowed the company to defraud investors: Fallen crypto exchange FTX saw a tweak in its code in 2020 that allowed a hedge fund owned by former CEO and so-called \u201ccrypto king\u201d Sam Bankman-Fried to borrow an unlimited amount of FTX funds, Reuters reports after reviewing the platform\u2019s code base. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-14T13:24:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person\",\"datePublished\":\"2022-12-14T13:24:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\"},\"wordCount\":436,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Elon Musk\",\"EnterprisePM\",\"FOR YOUR COMMUTE\",\"FTX\",\"Sam Bankman-Fried\"],\"articleSection\":[\"FOR YOUR COMMUTE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\",\"name\":\"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-12-14T13:24:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/","og_locale":"en_US","og_type":"article","og_title":"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person","og_description":"A small change to FTX\u2019s code allowed the company to defraud investors: Fallen crypto exchange FTX saw a tweak in its code in 2020 that allowed a hedge fund owned by former CEO and so-called \u201ccrypto king\u201d Sam Bankman-Fried to borrow an unlimited amount of FTX funds, Reuters reports after reviewing the platform\u2019s code base. […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-12-14T13:24:29+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person","datePublished":"2022-12-14T13:24:29+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/"},"wordCount":436,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1","keywords":["Elon Musk","EnterprisePM","FOR YOUR COMMUTE","FTX","Sam Bankman-Fried"],"articleSection":["FOR YOUR COMMUTE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/","name":"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1","datePublished":"2022-12-14T13:24:29+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":609339,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/02\/michael-lewis-publishes-a-book-based-on-sam-bankman-fried\/","url_meta":{"origin":580227,"position":0},"title":"Michael Lewis publishes a book based on Sam Bankman-Fried","author":"enterpriseam admin","date":"2 November 2023","format":false,"excerpt":"? UNDER THE LAMPLIGHT- Another day, another crypto fiasco. Going Infinite: The Rise and Fall of a New Tycoon is the latest book by award-winning and bestselling author Michael Lewis. After hits like the Big Short and The Blind Side he comes to us with this latest addition.Lewis recently published\u2026","rel":"","context":"In "ENTERPRISE RECOMMENDS"","block_context":{"text":"ENTERPRISE RECOMMENDS","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-recommends-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578162,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/18\/the-ftx-chaos-is-starting-to-blow-back-on-binance\/","url_meta":{"origin":580227,"position":1},"title":"The FTX chaos is starting to blow back on Binance","author":"enterpriseam admin","date":"18 December 2022","format":false,"excerpt":"Investors pulled bns of USD from the world\u2019s biggest crypto exchange last week: Binance, the world\u2019s largest crypto trading platform suffered USD 6 bn of outflows in the first of last week as investor confidence in crypto assets hit new lows following the arrest of disgraced FTX founder Sam Bankman-Fried,\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/364.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550557,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/06\/crypto-exchange-ftx-wants-computers-to-replace-brokers-amazon-makes-big-stride-in-race-towards-internet-from-space\/","url_meta":{"origin":580227,"position":2},"title":"Crypto exchange FTX wants computers to replace brokers + Amazon makes big stride in race towards internet from space","author":"enterpriseam admin","date":"6 April 2022","format":false,"excerpt":"Can computers replace brokers? A crypto exchange wants the answer to be yes: Crypto exchange FTX has made an intriguing proposal to US regulators: Offering crypto derivatives trading directly to users, without the intermediation of traditional brokers. The proposal by CEO Sam Bankman-Fried is part of a bigger plan, which\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/444.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578371,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/croatia-gears-up-to-adopt-the-eur-crypto-mogul-sam-bankman-frieds-former-colleagues-plead-guilty-on-wire-fraud-charges\/","url_meta":{"origin":580227,"position":3},"title":"Croatia gears up to adopt the EUR + Crypto mogul Sam Bankman-Fried\u2019s former colleagues plead guilty on wire fraud charges","author":"enterpriseam admin","date":"26 December 2022","format":false,"excerpt":"A couple of headlines worth your attention:Former colleagues of FTX mogul plead guilty: FTX\u2019s former chief technology officer Gary Wang and ex-CEO of Alameda Research Caroline Ellison plead guilty in separate plea hearings on 19 December in FTX wire fraud charges, according to US attorney Samian Williams. (Washington Post)Croatia is\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/526.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577324,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/crypto-lenders-halt-withdrawals-as-ftx-collapse-shakes-industry-anghami-cuts-22-of-staff\/","url_meta":{"origin":580227,"position":4},"title":"Crypto lenders halt withdrawals as FTX collapse shakes industry + Anghami cuts 22% of staff","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"FTX collapse carnage continues: Crypto lender Genesis and the bn\u2019aire Winklevoss\u2019 Gemini Trading have both halted withdrawals, BlockFi will file for bankruptcy in the coming days, and Singapore\u2019s state investor Temasek has written off its entire USD 275 mn investment in FTX. In addition to multiple regulatory probes, FTX\u2019s ex-bn\u2019aire\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577105,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/feuding-crypto-bros-tank-btc\/","url_meta":{"origin":580227,"position":5},"title":"Feuding crypto bros tank BTC","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"Crypto is crashing this morning as a schism at the top of the industry raises fears of further volatility in the market. Changpeng Zhao, the owner of the world\u2019s largest crypto exchange, Binance, appears to have triggered a bank-run on the third-largest platform FTX in the latest move in an\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=580227"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580227\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/580222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/580228"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=580227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=580227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=580227"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=580227"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=580227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}