The impact of the FTX collapse has been spreading significantly over the other platforms as more number of them are restricting users’ activity, failing to carry out their business as usual. While som...
Tag: Exchanges
Nexo had offered BlockFi an $850 million deal to potentially acquire it
Crypto lender Nexo earlier this year made an unsuccessful offer to acquire troubled rival BlockFi as part of a proposed deal worth about $850 million, according to an “indicative investment prop...
Senators Warren, Durbin call on Bankman-Fried for info on FTX’s historical balance sheets
Key Senate Democrats are joining the calls for more disclosure of the historical finances of bankrupt crypto exchange FTX and the cluster of firms that had ties to it and founder Sam Bankman-Fried. &...
Crypto exchanges release “proof of reserves” – crypto.news
Many crypto exchanges worldwide were rushing to publish proof of reserves to reassure investors their assets were safe in the wake of the FTX meltdown. A round-up of some popular exchanges seems to di...
FTX bankruptcy filings highlight ‘complete failure of corporate controls’
Fresh FTX bankruptcy filings called out Sam Bankman-Fried and the rest of the failed crypto exchange’s leadership for a “complete failure of corporate controls” and cited the former ...
After FTX, BlockFi, These Exchanges May Also Land in Deep Trouble!
As strong and well-established platforms are rumoured to be exposed to the FTX collapse, the contagion is just spreading out. Initially, Crypto.com was rumoured to go bankrupt but in a recent update B...
Australia Suspends Financial Services License of Local FTX Entity – Exchanges Bitcoin News
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to p...
Temasek writes down $275 million investment in FTX
Temasek, Singapore’s sovereign wealth fund that manages about $300 billion, has written down all of its $275 million investment in FTX and FTX US. Temasek had invested $210 million for a 1...
Sam Bankman-Fried says ‘f*ck regulators’ in wide-ranging interview with Vox
Former FTX CEO Sam Bankman-Fried made a number of eyebrow-raising statements in a wide-ranging interview conducted over Twitter DMs for more than an hour late Tuesday with Vox reporter Kelsey Piper. &...
TSM drops FTX logos, halts $210 million sponsorship deal
What was at one time the largest deal in the esports industry has been dashed as TSM will pull the plug on a partnership with FTX, the gaming and entertainment platform announced. The partnershi...
Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX
Bitcoin (BTC) miners may be sending more BTC to exchanges this month — but overall, their sales have crashed since 2020. Data from on-chain analytics platform CryptoQuant confirms that daily miner tra...
Bitget starts operations in Brazil: InfoMoney
Singapore-based crypto exchange Bitget has started operating in Brazil, financial publication InfoMoney reported. Bitget will start enabling deposits in Brazilian reais today, InfoMoney said. T...
3AC hunted by FTX, Alameda, founder claims. Sam Bankman-Fried disagrees.
Three Arrows Capital co-founder Kyle Davies said that “FTX, Alameda colluded to trade against clients” and “hunted” his company. “As their biggest client, we, 3AC, were hunted ...
Crypto exchange Gemini reports broad outage, says client funds ‘secure’
UPDATE (1:35 p.m. ET): Gemini says its services have been restored following the outage. Gemini’s crypto exchange is offline. The outage is affecting a number of services, including its tr...
OKX exchange plans $100 million market recovery fund
OKX, the world’s second-largest crypto-only exchange by trading volume, said it would support an industry struggling with the collapse of the rival FTX exchange with a $100 million market recove...
Genesis Global Capital suspends redemptions, with impact spreading to Gemini
Genesis Global Capital, the lending business of Genesis Trading, temporarily suspended redemptions and new loan originations in the wake of FTX’s recent collapse and the earlier Three Arrows Cap...
Class action filed against Tom Brady, Larry David and others who endorsed FTX
Celebrities who promoted troubled crypto exchange FTX are facing a class action lawsuit. Tom Brady, Gisele Bundchen, Steph Curry and Larry David are among the stars named in the lawsuit, which ...
Temasek, Sequoia, SoftBank take more the $600 million in FTX write-downs: Bloomberg
FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. ...
Bitcoin, FTX, and impact of the exchange’s collapse on BTC HODLer conviction
Bitcoin’s price was gravely impacted by the failure of FTX. On-chain metrics suggested a shift in HODLer’s behavior. The sudden collapse of Sam Bankman-Fried’s crypto empire left the general cryptocur...
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse – Exchanges Bitcoin News
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United ...
Kevin O’Leary would back Sam Bankman-Fried again if he had a new venture
Shark Tank’s Kevin O’Leary said he would back former FTX CEO Sam Bankman-Fried again if he had a new venture. This comes despite FTX’s collapse that left potentially more than a million creditors in t...
Crypto Exchanges Committing To Proof Of Reserves, Will It Build Trust?
The recent debacle of the FTX crypto exchange, coupled with the fiasco that took place with Terra earlier this year, disrupts the level of confidence among the crypto community. The major takeaway fro...
Ukraine’s Deputy Digital Minister Rejects ‘FTX-Democrats Narrative’ – Exchanges Bitcoin News
Claims that Ukraine has invested military aid into the bankrupt crypto exchange FTX have been rebutted by a representative of the Ukrainian government. Speculation circulated on social media suggested...
Binance Shares Six Principles for Centralized Exchanges
Industry leader Binance has shared its principles on how the fiasco can be avoided in the future. On Nov. 15, Binance CEO Changpeng ‘CZ’ Zhao tweeted the most important requirements that his and every...
Bitcoin Investors Become Wary Of Crypto Exchanges Following The FTX Crises
The sudden collapse of the FTX exchange has sent shock waves throughout the Bitcoin crypto world. The Bankman-Fried-led crypto empire hailed as an industry leader has filed for bankruptcy, creating wi...
SBF says he wants to ‘raise liquidity’ as puzzling tweets continue
Sam Bankman-Fried, former CEO of beleaguered crypto exchange FTX, is still tweeting. In the latest installments of a puzzling series of posts on Twitter, Bankman-Fried said that “too much levera...
Kraken’s Ogilvie says staking adoption set to skyrocket
Prior to the fall of FTX, Ethereum’s shift to proof-of-stake was all the rage in crypto circles. Two months removed from The Merge, Ethereum is still playing catch-up with more mature staking networks...
FTX was custodian for majority of tokens on DeFi lending platform Oxygen
DeFi prime brokerage Oxygen said FTX acted as the custodian for the majority of the tokens on its ecosystems, adding that it has sought legal help. “Whilst FTX Group did not hold any equit...
Australia suspends FTX’s financial services license
The Australian Securities and Investments Commission has suspended FTX Australia’s financial services license in the country until May 15, 2023. “Until [December 19] 2022, FTX Austra...
Will these 7 exchanges’ ‘proof of reserves’ meet the call for transparency
The downfall of FTX has induced fear among investors and traders alike. Thanks to growing distrust of crypto-exchanges, a number of them have taken steps to incorporate more transparency in their oper...