Behemoth crypto exchange Binance has seen massive withdrawals in the past week and—on Tuesday—the highest amount of one-day withdrawals since June, Nansen data has revealed. Binance’s international ar...
Tag: Customer
Japan Was the Safest Place to Be an FTX Customer
Spurred by the failure of Mt. Gox in 2014 and the 2017 hacking of Coincheck, both Tokyo-based exchanges, Japan’s Financial Services Agency (FSA) established a broad set of standards for crypto e...
FTX’s stranded customer funds draw attention from distressed asset investors
Credit investment firms are looking to buy claims from bankrupt crypto exchange FTX’s clients who could otherwise wait years for bankruptcy courts to decide payouts. Apollo Global Manageme...
FTX, its customer database, and what this latest motion has to do with both
Bahamian attorneys requested access to FTX’s customer database The disputed addresses on the database are hosted by Google and Amazon’s cloud services As per a CNBC report on 9 December, Bahamian atto...
Genesis Block customer funds sent directly to Alameda accounts before FTX fall out
There is data to suggest that the customer funds sent to Genesis Block were processed and received by Alameda, according to emerging reports from Mike Burgersburg of Dirty Bubble Media. Burgersburg re...
Binance Suspends Account of Customer for Being ‘Unreasonable’
The user, who goes by CoinMamba on Twitter, is, according to their profile, a futures trader and crypto investor. The user started tweeting about Binance after claiming to lose funds from their Binanc...
Celsius issues latest update regarding customer withdrawals after court ruling
Collapsed cryptocurrency lending platform Celsius Network has issued the latest update on the progress of allowing customer withdrawals as the bankruptcy hearings continue. This is after a bankruptcy...
Customer Fury Over Crypto Lender Celsius Staff Bonuses
Celsius Network won court approval to distribute bonuses worth $2.8 million to its employees. But what about users’ funds? A U.S. bankruptcy court has approved the key employee retention program (KERP...
Bankman-Fried Used “Stolen Customer Money,” Experts Say
Sam Bankman-Fried has gone on a damage-control tour as the impact if his collapsed FTX Group crypto empire mushrooms. Against the advice of his lawyers, the former CEO spoke with the New York Times an...
Customer Funds Safe Despite BlockFi, FTX Exposure
The CEO of Silvergate has reassured customers that their funds are safe, but many remain wary. The company had exposure to both BlockFi and FTX through deposits. Crypto bank Silvergate is making attem...
Coinbase CEO Brian Armstrong Says Sam Bankman-Fried Used Stolen Customer Money for Hedge Fund Trading
Coinbase chief Brian Armstrong says that former FTX CEO Sam Bankman-Fried was using stolen customer money to fund his trading firm Alameda Research. While Bankman-Fried continues to deny knowingly com...
FTX Japan plan to resume customer funds withdrawals approved
FTX Japan is seeking to resume withdrawals after its parent, the defunct FTX exchange, authorized a plan to repay deposits. Users of the collapsed crypto exchange in Japan may be among the first clien...
Former FTX CEO Sam Bankman-Fried denies ‘improper use’ of customer funds
An interview between the Former FTX CEO Sam Bankman-Fried (SBF) and George Stephanopoulos aired on Good Morning America on Dec. 1. In the interview, SBF was insistent that FTX was not a “Ponzi scheme”...
FTX Founder SBF Unaware of Illicit Use of Customer Funds?
47 mins ago | 2 mins read Exchange News Bankruptcy crypto exchange FTX has an $8 billion hole in its balance sheet. FTX’s SBF has one credit card left and $100,000 in the bank account. The notorious f...
Accusation That FTX Misused Customer Funds Presents a ‘Prison’ Problem, Says Crypto Legal Expert Jeremy Hogan
Crypto legal expert Jeremy Hogan says that the possible misappropriation of user funds by disgraced crypto exchange FTX could amount to a criminal offense. Hogan tells his 243,300 Twitter followers th...
Frontier Airlines Removing Call-Based Customer Service Is Much Ado About Nothing
Frontier Airlines has eliminated call-based customer service and moved to an all digital approach. getty Frontier Airlines announced that they will no longer offer call-based customer service. All req...
Walgreens Retail President And Chief Customer Officer Tracey Brown: The C-Suite Interview
“If you are able to really figure out what your purpose is and then align that with your passion and position, great things will happen.” In some ways, Tracey Brown’s path to the Walgreens C-suite beg...
Here’s How BlockFi Plans To Return Customer Funds
In news related to FTX, Sam Bankman-Fried’s disbanded crypto empire seems to owe $680 million to now-bankrupt crypto lender BlockFi Inc., according to a lawyer who spoke to the federal judge presiding...
FTX reportedly used Alameda’s bank accounts to process customer funds
The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Researc...
FTX Received Some Customer Deposits Via Bank Accounts Held by Alameda
(Bloomberg) — As everything was collapsing around him, Sam Bankman-Fried talked casually about the way FTX had accessed regulated banks otherwise out of reach to the crypto exchange: Through his...
Crypto Lending Platform Freeway Halts Customer Withdrawals
It’s happened again, folks. Another digital currency exchange has decided to halt all withdrawals, thus preventing its customers from gaining access to their assets. This time around, the company in q...
Coinsquare confirms data breach, says customer assets ‘not at risk’: CoinDesk
Canadian crypto firm, Coinsquare, shed more light on a “data incident” in an email the exchange sent to customers on Friday, according to a CoinDesk report. The incident initially occurred on No...
Frontier Airlines gets rid of telephone customer service
Frontier Airlines Airbus A320 takes off from Los Angeles international Airport on August 27, 2020 in Los Angeles, California. AaronP | Bauer-Griffin | GC Images | Getty Images Say goodbye to the airli...
Binance publishes BTC proof of reserves to provide more transparency on customer funds
Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on-chain reserves of over 582,000 BTC — 1% higher tha...
Binance CEO Changpeng Zhao: ‘No amount of other people’s tweets would cause problems’ if an exchange holds customer assets
Perhaps it’s one last dagger, but Binance CEO Changpeng Zhou just could not resist a little dig at the fallen FTX chief executive Sam Bankman-Fried. That’s a reference to the role the cryptocurrency t...
Did FTX use customer funds to buy properties across the Bahamas?
According to multiple reports, FTX and its executives went on a real-estate buying spree across the Bahamas in the last two years. The company and its associated stakeholders apparently purchased over...
FTX Japan to Enable Customer Withdrawals Before the End of 2022 (Report)
Despite the ultimate crash of FTX, the Japanese subsidiary of the company reportedly plans to allow client withdrawals by the year’s end. The fiasco of Sam Bankman-Fried’s exchange became one of the m...
Wells Fargo Tries Something New (and Customer Friendly)
For many Americans, living from paycheck-to-paycheck is a fact of life. Saving a bit of money at the end of the month in order to afford the next month’s rent is typically a significant financia...
WalkMe’s Focus On Enterprise Customer Will Drive Profitability, Analyst Says
Needham analyst Scott Berg reiterated a Buy On WalkMe Ltd (NASDAQ: WKME) with a $20 price target. WalkMe reported a solid 3Q22 with a modest revenue upside, a more robust gross margin, and operating e...
Binance receives FSP from FSRA of ADGM to enhance customer safety
Binance has gained the capability of allowing its professional clients to claim custody. The update follows the development wherein the crypto platform has received Financial Services Permission from ...
Crypto lending unit Genesis is halting customer withdrawals – crypto.news
According to the latest reports, crypto brokerage Genesis suspends redemptions at its lending unit. The organization says that abnormal withdrawal requests cause that halt in the wake of the bankrupt ...