Investment banking company Jefferies Group’s CEO, Richard “Rich” Handler, took to Twitter to reveal that he unsuccessfully tried to get in touch with FTX CEO Sam Bankman-Fried earlier this year when t...
Tag: Collapse
BlockFi suspends withdrawals after FTX collapse
Crypto lender BlockFi suspended withdrawals and will not be able to operate business as usual given the lack of clarity over the status of FTX, the company said on Twitter. “We are shocked and d...
Decoding the State of Investors After FTX Collapse
This year has seen more than its fair share of unexpected market collapses due to surprising news about poorly run cryptocurrency businesses. This week brings yet another massive change. This time its...
Claims and rumors fuel crypto market turmoil amid FTX collapse
While information leaks and unconfirmed reports can be a way for the truth to reach the public, they can also be a tool that fans the flames to grow even further in an already burned-out crypto market...
Cathie Wood’s ARKK hits 2017 low as FTX collapse spurs crypto wreck
The flagship exchange-traded fund of ARK Invest has fallen to its lowest level in five years after cryptoworld’s latest crisis sent risk assets into a tailspin this week. Ark Innovation (ARKK), the fi...
BlockFi Halts Withdrawals Due to FTX Collapse
Key Takeaways BlockFi has announced that it will halt withdrawals following uncertainty around FTX’s financial standing. The company said that it will post updates on the situation, but that the...
Tron [TRX]: USDD de-peg, FTX collapse, and everything that might affect you
Tron’s stablecoin USDD de-pegged following significant USDD conversions to USDT and USDC TRX has since recorded massive coin distribution leading to a further price decline amid the FTX debacle Amid t...
Tron, FTX broker deal for customers to withdraw certain tokens
A deal brokered between Tron and FTX will soon facilitate withdrawals on the struggling exchange. On FTX, 1:1 withdrawals for digital assets including TRX, BTT, JST, SUN, and HT tokens will be e...
‘Urgent need for legislation’ after FTX collapse, says Maxine Waters
There is an “urgent need for legislation” after the sudden collapse of crypto exchange FTX, Rep. Maxine Waters, D-Calif., said in a statement. Waters, the chair of the House Financia...
Crypto Twitter distraught over FTX collapse
The world’s third largest exchange FTX collapsed within a matter of days and the community’s pain is visible to all on Crypto Twitter. The severity of losses Crypto Twitter has been plainly demonstrat...
SEC Chair on FTX Collapse: Investors Need Better Protection
The collapse of the beleaguered crypto trading platform, FTX Derivatives Exchange has pushed top government officials, including Gary Gensler, the Chairman of the Securities and Exchange Commission (S...
Crypto trading firm GSR will cover client losses from FTX collapse, will no longer trade on Huobi
Crypto trading firm GSR told employees that the firm has no exposure to Alameda Research and “manageable exposure” to FTX following the crypto exchange’s collapse. “We re...
Trader Who Called 2021’s Bitcoin Collapse Says BTC Now Forming Bullish Divergence
A popular crypto trader who called the May 2021 Bitcoin (BTC) collapse isn’t phased by crypto’s bearish price action this week. The pseudonymous analyst Dave the Wave tells his 129,800 Twitter followe...
Amidst FTX Collapse, Traders Should Stay Away From These Altcoins
The collapse of one of the top cryptocurrency exchanges by daily traded volume, FTX, has exposed a significant weakness in the industry. FTX’s native token has dumped over 90 percent of its entire val...
Coinbase CEO Brian Armstrong Weighs In on FTX Collapse, Says Regulators in Washington May Lose Faith in Industry
Coinbase head Brian Armstrong says the collapse of crypto exchange FTX may make US politicians more skeptical of the crypto industry. In a new interview with Bankless, Armstrong weighs in on the colla...
‘I Sincerely Apologize’ – Sam Bankman-Fried Breaks Silence on Collapse of Crypto Exchange FTX
Sam Bankman-Fried is apologizing for the collapse of his billion-dollar crypto exchange, FTX. In a tweetstorm that breaks a two-day period of silence, Bankman-Fried offers new details on what he says ...
FTX Collapse Caused Crypto Market To Shed Over $100 Billion In 24 Hours
Major cryptocurrencies are down with some depreciating in value more than 10% in the past 24 hours. Just days earlier, Binance CEO Changpeng Zhao announced that FTX asked for help in dealing with the ...
Renowned Crypto Leaders Worried About Aftermath of FTX Collapse
Cardano founder Charles Hoskinson says that if FTX fails Binance’s due diligence process, the effects on the crypto market could be catastrophic. Hoskinson said in a vlog post that there is a nonzero ...
Alameda Research website goes private following FTX collapse
Alameda Research, the trading firm founded by FTX CEO Sam Bankman-Fried, has put its website into ‘private mode.’ The Squarespace-hosted website was updated on Nov. 9 to only be viewable to internal t...
Gensler says FTX collapse is ‘part of a pattern’ in crypto markets
Gary Gensler, chairman of the Securities and Exchange Commission, said that Tuesday’s sudden FTX collapse is part of a wider trend in digital assets. “What we’ve seen in the last tw...
Tom Brady, Gisele Bündchen’s investment in FTX at risk following collapse
Following the recent developments leading to Binance’s planned buyout of FTX and later backtracking on the deal, Tom Brady and Gisele Bündchen’s 2021 investment in FTX is at risk as the exchange faces...
Chainlink price prediction: LINK Token’s Market Cap Collapse 22%, Is It Bloodbath?
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Solana Ecosystem Imploding in Wake of FTX Collapse
Key Takeaways The Solana ecosystem is suffering from the recent news and rumors of insolvency surrounding FTX and Alameda Research. SOL is down 45% at the time of writing. Data reveal that more than 8...
Traders share pain of potential losses in FTX collapse
Crypto traders took to Twitter to express shock and disappointment in the wake of crypto exchange FTX’s collapse. The industry’s history is riddled with major collapses, with many no...
The Block: EU crypto legislation will mitigate events like FTX collapse: policy experts
The proposed acquisition of the FTX crypto exchange by rival Binance is bringing European regulators and experts forward — and they’re commenting that the bloc’s new digital asset legislation wi...
Binance CEO says he didn’t ‘master plan’ FTX’s collapse
One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...
Crypto Hedge Fund Galaxy Digital Reveals $76,800,000 Exposure to FTX Collapse
Crypto asset manager Galaxy Digital has revealed that it has tens of millions of dollars worth of exposure to embattled crypto exchange FTX. In a new quarterly financial update, Galaxy Digital says it...
Multicoin Capital hit by FTX collapse, with 10% of its fund’s AUM stuck on the exchange
Multicoin Capital, one of the top crypto-focused venture capital firms, is significantly impacted by crypto exchange FTX’s collapse, a letter obtained by The Block shows. The letter, sent ...
FTX collapse is ironic and sad
A wave of withdrawal requests has descended upon FTX, the world’s second-largest cryptocurrency exchange, over the last 48 hours. This was in response to fears over FTX’s solvency as it was revealed F...
Was This an Attempt to Link LUNA’s Collapse to FTT To Complete the Planned Binance-FTX Deal?
FTX Token (FTT) price witnessed a gigantic drop of nearly 85% in the past trading day, slashing the price from above $25 to as low as $2.5. The huge drop was led primarily due to the rounds of the exc...