Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading, has temporarily stopped redemptions and initiating any new loans as per the Interim CEO De...
Tag: Customer
FTX and Alameda Executives Including Sam Bankman-Fried Were Aware of Customer Funds Misuse: Report
A new report claims executives of FTX and Alameda Research were aware that their customers’ funds were being mishandled. According to the Wall Street Journal, anonymous sources familiar with the matte...
Genesis’ crypto-lending unit halts customer withdrawals
Genesis’ crypto-lending unit has announced that they are currently halting all customer withdrawals as a result of the FTX collapse. Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wak...
Genesis halting customer withdrawals after FTX, 3AC collapses: CoinDesk
Genesis is temporarily suspending withdrawals and new loan originations, after it took large hits from Three Arrows Capital and FTX. Genesis will continue to offer over-the-counter trading for s...
Genesis Trading’s lending unit halts customer withdrawals
Genesis Global Capital, the lending arm of digital assets platform Genesis Trading, has halted all redemptions as well as loan originations, parent company Digital Currency Group announced on Wednesda...
Gemini Earn unable to meet customer redemptions as Genesis unit pauses withdrawals
Crypto exchange Gemini said its Earn program “will not be able to meet customer redemptions within the service-level agreement of five business days” following the announcement that lendin...
Alameda ‘secretly’ traded billions of FTX customer funds: Report
Alameda Research, an FTX-affiliated quantitative crypto trading platform co-founded by Sam Bankman-Fried in 2017, allegedly used funds belonging to FTX users to trade, sources say. The crypto news is ...
Huobi Unable to Withdraw $13.2M in Customer Funds From FTX
Huobi subsidiary Hbit has revealed that it has $18.1 million on FTX, which it cannot recover. $13.2 million were customer funds, which it will cover through an unsecured loan of up to $14 million. Huo...
Sam Bankman-Fried’s Alameda quietly used FTX customer funds without raising alarm bells, say sources
Tom Williams | CQ-Roll Call, Inc. | Getty Images The quant trading firm Sam Bankman-Fried founded was able to quietly use customer funds from his exchange FTX in a way that flew under the radar of inv...
Over $1 Billion of Customer Funds Missing From FTX Records
9 seconds ago | 2 mins read Exchange News FTX had moved about $10 billion to Alameda Research. Bankman-Fried utilized a “backdoor” in FTX’s accounting system as per sources. At least $1 billion in cus...
More Than $1 Billion Customer Funds Goes Missing From FTX
Crypto Live News Reuters news media has claimed that nearly $1 billion client deposits are missing from the insolvent FTX exchange. Sources from FTX stated that the firm’s CEO, Sam Bankman-Fried has s...
More Than $1 B In Customer Funds Missing At FTX
According to a report by the news agency Reuters, at least $1 billion in client deposits have gone missing from the bankrupt cryptocurrency exchange FTX. Reuters spoke to two sources who held senior p...
FTX used customer funds to fund risky bets, which led to its demise
Join Our Telegram channel to stay up to date on breaking news coverage According to a person with knowledge of the situation, cryptocurrency exchange FTX used customer assets worth billions of dollars...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer fun...
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing ...
Embattled Crypto Exchange FTX Lent Billions in Customer Assets To Fund Alameda Research: Report
A new report claims that troubled crypto exchange platform FTX lent billions of dollars worth of its customers’ assets to fund its quantitative trading branch. According to The Wall Street Journal, FT...
FTX lent Alameda billions of dollars in customer assets: WSJ
Crypto exchange FTX lent about $10 billion to sister company and trading firm Alameda Research, according to The Wall Street Journal. The report, citing a conversation with CEO Sam Bankman-Fried...
FTX Used Customer Funds Among Other Assets to Prop Up Alameda Research in May: Reuters
Sam Bankman-Fried transferred at least $4 billion in FTX funds secured by assets including the crypto exchange’s FTT token and shares in the trading platform Robinhood Markets Inc (HOOD) to supp...
Bankman-Fried secretly moved $4 billion including FTX customer deposits to Alameda
New details are coming to light regarding the behind the scene events that saw cryptocurrency exchange FTX encounter a significant liquidity crunch resulting in the near-collapse of the platform. The ...
FTX used $4 billion including customer funds to keep Alameda afloat: Reuters
FTX chief Sam Bankman-Fried transferred at least $4 billion in FTX funds to Alameda Research, including native toke FTT and shares in Robinhood, according to Reuters. The transfers were made aft...
Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny
Binance has announced that it will not pursue its option to purchase FTX because of its due diligence and reports that a US agency was investigating the exchange over its handling of customers’ funds....
US Regulators Probing FTX Handling of Customer Funds: Bloomberg
The inquiries by the Securities and Exchange Commission and Commodity Futures Trading Commission date back several months and started as a probe into the crypto lending activities of FTX’s U.S. ...
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’ – Bitcoin News
The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled...
Why Did FTX Pause Withdrawals if It Wasn’t Trading Customer Funds?
Yesterday was one of the most head-spinning days in the entire history of the cryptocurrency industry, with Changpeng Zhao’s Binance signing a letter of intent to acquire, and effectively bail out, Sa...
US Regulators Probing FTX and Alameda Research Over Potential Mishandling of Customer Funds: Report
US financial regulators are reportedly investigating embattled crypto exchange FTX and whether it mishandled its customers’ funds. According to a report by Bloomberg, FTX and its trading arm Alameda R...
R1 RCM stock suffers record selloff of more than 51% after rare profit miss, physician customer missed payment
Shares of R1 RCM Inc. RCM, -49.76% plummeted a record 51.7% toward a 4 1/2-year low in afternoon trading Tuesday, after provider of revenue cycle management services to health care providers missed qu...
Santander imposes limits on customer crypto spending
Santander becomes yet another of the large banks to impose restrictions on customer interaction with cryptocurrencies. High risk for customers? Santander has announced on its website that it will be i...
Bed Bath & Beyond’s chief customer and technology officer resigns
A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Bed Bath & Beyond’s chief customer officer, Rafeh Masood, ha...
Opinion: Lagging Customer Service Is Hurting the Crypto Space
Customer service is the heart and soul of any business. Without it, a company is doomed to fail. No Customer Service? No Company! When someone has questions about your products, what do they do? They ...
Customer Loyalty Comes From An Emotional Connection
Consider the automobile manufacturer BMW, which in the 1970s used the slogan The Ultimate Driving … [+] Machine—a description of the car—until it switched its focus to the emotion of owning and ...
Bitso says it doubled its Latin America customer base in the past year
Crypto exchange Bitso doubled its customer base in the past year to more than 6 million customers in Latin America, citing increased crypto adoption in the region. Bitso is based in Mexico City and li...
This UK Ripple Customer Owned by Visa Chosen by Integrated Finance as Best FX Provider: Details
Yuri Molchan RippleNet and Visa’s Currencycloud now collaborating with Integrated Finance According to a recently published piece by The Paypers, U.K.-based Ripple customer Currencycloud has bee...