Tether issued a short statement on Nov. 16 saying that it has no exposure to institutional crypto lender Genesis Global or the Gemini Earn program after the announcement that Genesis Global and the Ge...
Tag: Exposure
Circle Reveals FTX Exposure, Says USDC Conversions on Binance Have Hurt Projections
The collapse of FTX and automatic conversions of USD Coin on Binance will cause Circle’s performance to be “materially lower” than the projections it made in February, the company said in a new regula...
Singapore’s Temasek To Write Off $275M FTX Exposure
Editors News Notably, between October 2021 and January 2022, Temasek contributed $275M. Similarly, The Sequoia Capital team made the decision to fully write down last week. Organizations are continuin...
Tether Admits To Have Zero Exposure To Genesis Global
58 mins ago | 2 mins read Altcoin News Tether confirms that it has no exposure to Genesis amid the withdrawal halt. Tether announced on November 16 that they are striving hard to increase transparency...
Circle reveals level of exposure to FTX; should USDC holders be worried?
Circle has alluded to over $10 million exposure to FTX It also hinted at the loss suffered due to Binance’s auto conversion In a recent Twitter post, Circle’s Jeremy Allaire said that USDC only had a ...
Coinbase says it has no exposure to Genesis, touts ‘strong capital position’
Due to the chain reaction of events following the FTX collapse, the leading exchange Coinbase felt the need to clarify that it has a ‘strong capital position’ amid market turmoil, and has zero exposur...
Crypto Venture Firm Sino Global Reveals ‘Mid-Seven Figures’ Exposure to Bankrupt FTX
Sino Global, a blockchain and digital assets-focused investment firm, today revealed losses suffered due to its exposure to the collapsed crypto exchange FTX, however, insists it continues operations ...
Crypto lender Ledn says it has no exposure to Genesis
Canadian crypto lender Ledn said it has no exposure to Genesis Global Capital and is fully operational after the latter paused withdrawals. Genesis Global Capital, which is suspending withdrawal...
BlockFi Heading For Bankruptcy After FTX Exposure
Crypto lender BlockFi is preparing for a potential bankruptcy filing in the wake of the collapse of the FTX crypto exchange last week. Latest FTX Casualty – BlockFi The FTX saga continues with ...
Crypto Lenders Keep Pausing Withdrawals Citing FTX Exposure
An investment firm run by bitcoin backer Simon Dixon has canceled plans to acquire embattled crypto lender SALT, which has suspended withdrawals over exposure to FTX. Dixon’s investment unit BnkToTheF...
BlockFi Tells Customers Withdrawals Still Paused Due to ‘Significant Exposure to FTX’
In brief BlockFi will keep customer withdrawals paused as it figures out a path forward after FTX’s collapse last week. The crypto lending platform took a $400M line of credit from FTX US this summer....
Travis Kling Opens Up About His Hedge Fund Exposure to FTX
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
Online Investing Platform BnkToTheFuture Drops Plan to Acquire Crypto Lender Salt Lending Due to FTX Exposure
“Bnk To The Future announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc. (SALT) has terminated due to SALT’s position with FTX and for failing Bnk To Th...
NestCoin Employees Troubled After Company Disclosed Exposure in FTX
Nestcoin is a digital protocol established in February. Yele worried about his employees. According to reliable reports, it is noted that more than one billion user funds are stuck on the FTX exch...
2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX – Bitcoin News
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Sa...
Crypto Bank Silvergate Bucks Market Rally as FTX Exposure Is Questioned
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Crypto.com’s Exposure to FTX Less Than $10 Million Says CEO — CRO Token Not Used as Collateral – Featured Bitcoin News
According to the CEO of Crypto.com, Kris Marszalek, his firm had recovered much of the $1 billion that had been sent to FTX when the crypto exchange collapsed. However, he acknowledged that at the tim...
Solana Foundation reveals minimal exposure to FTX
Solana (SOL) Foundation revealed that it held roughly $1 million worth of cash or its equivalent -less than 1% of its assets- on bankrupt crypto exchange FTX as of Nov. 6, according to a Nov. 14 blog ...
Sino Global Capital breaks silence over FTX exposure
China-based crypto venture firm Sino Global Capital has broken its silence about the extent of its exposure to FTX. The company said its direct exposure to FTX, the exchange, “was confined...
BlockFi has ‘significant exposure’ to FTX, denies talk of majority of assets being custodied at FTX
BlockFi has responded to the controversies surrounding FTX and its reported connection to the embattled cryptocurrency exchange in a recent statement to its users. The crypto firm denied allegations t...
Crypto Lender BlockFi Updates Users on Platform, FTX Exposure
As for chatter that all or even a majority of BlockFi’s assets were held in custody – and therefore tied up for potentially a long time and perhaps even unrecoverable – the company said that is ...
Funds With FTX Exposure Have 7% to 12% of AUM Trapped: Report
Between 25% and 40% of cryptocurrency-focused hedge funds had some level of direct exposure to FTX or the exchange’s native token, FTT, according to a new research note. Crypto Fund Research CEO Josh ...
Crypto[.]com CEO Clears Air On Reserves, FTX Exposure, FIFA
Crypto.com CEO Kris Marszalek in an AMA session on Monday clears the FUD surrounding liquidity problems at the crypto exchange after a large crypto exchange FTX filed for bankruptcy last week. Marszal...
Multicoin Capital’s third VC fund has exposure of more than $25 million to FTX
Multicoin Capital, a top-tier crypto venture capital firm, has revealed its more than $25 million stake in FTX via its $430 million venture fund, according to a letter obtained by The Block. Th...
Crypto.com CEO claims $1 billion recovered from FTX exposure
Crypto.com CEO Kris Marszalek came online to answer pressing questions from the industry after a weekend of simmering in hot water in the wake of FTX’s filing for Chapter 11 bankruptcy protectio...
Crypto.com CEO Dismisses Speculation of Financial Trouble, Says FTX Exposure Is Minimal
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
NFT Tech Announces No Exposure to FTX, Alameda, or FTT Token
VANCOUVER, British Columbia–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or “NFT Tech”), a leading technology company partnering with top-tier brands to...
Celsius’ extended exposure to FTX and Alameda Research could leave CEL here
Celsius Network confirmed exposures to FTX exchange and trading firm Alameda Research Negative sentiments continue to trail CEL as investors believe the price will fall further The now-collapsed crypt...
No Exposure to Sinking FTX-Silvergate Capital Shoots Up
FTX was among the top five crypto exchanges globally. Silvergate is a directed, institutionally-engaged bank whose stores are guaranteed by the Federal Deposit Insurance Corporation (FDIC). The bank i...
Celsius and Voyager Digital Disclose Exposure to FTX
56 seconds ago | 2 mins read Defi News Voyager said that recent events had an impact on the company’s bankruptcy filing. FTX explored acquiring Celsius when the latter suspended withdrawals. Celsius ...
Prominent Hedge Fund Galois Capital Reveals Exposure to FTX
8 seconds ago | 2 mins read Exchange News The FTX crypto exchange has trapped half of the hedge fund’s monitored assets. Zhou advised investors that they might withdraw some money from the exchange. T...
Silvergate Provides Statement on FTX Exposure
LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset i...