The hacker who used an exploit to steal funds from the now-bankrupt FTX has emerged as the 35th-largest owner of Ethereum, with a total of 228,523 ETH worth $284.82 million. The FTX exploiter, who has...
Tag: FTX
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...
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...
Sino Global Capital Regrets Investing In FTX Exchange After Losing A Major Sum
The crypto industry is witnessing another crisis with the distress of one of the top crypto exchanges in the space, FTX. More firms with exposure and collaborations with the exchange have started expe...
Paradigm founder feels ‘deep regret’ over FTX investment, marks it down to zero
Paradigm co-founder Matt Huang said that the VC firm wrote down its investment in the bankrupt FTX exchange to zero, confirming what The Block had previously reported. The executive also said th...
Crypto Trading Platform Bitvo Terminates Acquisition Deal With FTX
Cryptocurrency trading platform Bitvo, based in Canada, has stated that it has decided to terminate its deal to be bought by FTX. Bitvo mentioned that its shareholder, Pateno Payments Inc., had to go ...
Silvergate stock sinks 12% on FTX links
Crypto bank Silvergate shares tanked 12% as the ripple effects of FTX’s collapse continue. Last week, the La Jolla-based crypto bank said its exposure to FTX was limited to deposits, but ...
Elliptic Analysis Says $477 Million Stolen From FTX, ‘Accounts Drainer’ Becomes 35th Largest ETH Holder – Bitcoin News
Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confi...
TRX Surges Over 600% Following Justin Sun’s Deal With FTX
Tron’s native token TRX has been seeing significant upside on the FTX exchange since the announcement of a potential deal that would allow users to withdraw funds. This deal is one of the only ones th...
Nayib Bukele Still Thinks Highly of Bitcoin, Compares it to FTX Collapse
El Salvador is the first country to accept Bitcoin as a Legal tender. Bitcoin is one of the most popular cryptocurrencies with the biggest crypto market. Once again, on 14 November 2022, Nayib Buke...
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...
Lawyer who beat Microsoft, repped Theranos, eyes suit against FTX’s celeb backers
High-profile FTX promoters like Tom Brady and Steph Curry could have a lawsuit on their hands. Famed lawyer David Boies is talking to clients about a possible class action lawsuit against celebr...
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...
Sam Bankman-Fried continues bizarre Twitter rambling, says FTX US had cash needed to repay clients
If former FTX CEO Sam Bankman-Fried had designs on repairing his reputation as a responsible steward of a once multi-billionaire-dollar crypto empire, he’s certainly complicating matters. Bankma...
Golden State Warriors Pause FTX Relationship
One of the most successful NBA teams – Golden State Warriors – reportedly paused all marketing endeavors related to the distressed crypto exchange FTX. The latter filed for bankruptcy last week after ...
FTX Collapse was not Unprecedented, Said Dogecoin Creator
Recent collapse of Bahamian crypto exchange FTX has caused many activities to take place as its ripple effect. More or less the abrupt collapse of Bahamian crypto exchange came as a surprise but many ...
FTX hacker still holds $339M in cryptos and yet…
It has been three days since FTX fell victim to a hack shortly after the Bahamas-based crypto-exchange filed for chapter 11 bankruptcy. The hacker siphoned more than $600M from the exchange’s wallets ...
Chainlink Increases Accumulation To 190 Days After FTX Fiasco, Is $12 Possible?
LINK’s price fails to hold amidst market turmoil as price falls back into its accumulation zone with a range-bound movement. LINK’s price continues to show strength after a bearish downtrend with th...
Bahamas’ supreme court approves ‘provisional liquidators’ for FTX
The Supreme Court of the Bahamas has approved two provisional liquidators to oversee the assets of crypto exchange FTX Digital Markets, which is headquartered in the country. According to a Nov. 14 an...
Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows
The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wide...
BlockFi preps possible Chapter 11 bankruptcy protection filing: WSJ
Crypto lending firm BlockFi is preparing for a possible Chapter 11 bankruptcy protection filing, according to the Wall Street Journal. The firm also plans to conduct layoffs, the journal reporte...
Visa Pulls Plug on FTX Partnership, Will Wind Down Debit Cards: Report
Visa is cutting off its partnership with collapsed crypto exchange FTX, the payments giant confirmed on Sunday. The end of the much-touted collaboration, which was expanded last month, spells the end ...
FTX Meltdown Is Crypto Industry’s Version of Enron Implosion, According to Former US Treasury Secretary
Former US Treasury Secretary Larry Summers thinks the recent meltdown of crypto derivatives exchange FTX is a lot like the Enron scandal. In a new interview with Bloomberg, the famous American economi...
BlockFi Exploring Bankruptcy in Response to FTX Fallout: Report
BlockFi is looking for answers to its liquidity troubles caused by its heavy exposure to FTX – and bankruptcy is reportedly on the table. The crypto lending firm is already preparing a potential bank...
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...
CFTC Chairman: FTX US Derivatives is healthy because of CFTC’s oversight
While FTX filed for bankruptcy, its Derivatives trading arm is still standing. FTX US Derivatives is regulated by the US CFTC. Benham did not comment on any enforcement plans. CFTC regulatory oversigh...
Golden State Warriors and Miami Heat Axe FTX Deals
The Golden State Warriors, the San Francisco-based NBA team, is pausing all FTX-related promotional deals, ESPN reported. All in-arena promotions and advertisements for the brand have been removed fro...
Crypto lender Salt halts withdrawals citing FTX impact
Crypto lending platform Salt paused withdrawals and deposits, according to a company email sent to customers. The firm said in a message attributed to CEO Shawn Owen that “the collapse of ...
DeFi Weekly Exchange Volume Hits $32 Billion Amid FTX Collapse
The shockwaves from FTX’s historic collapse are still being felt across the industry today, but some industry segments, like DeFi, are actually doing better because of it. Trading volumes on decentral...
Coinbase, Binance Will Fill Power Vacuum Left by FTX Collapse, Predicts Skybridge Capital CEO Anthony Scaramucci
Skybridge Capital CEO Anthony Scaramucci says he expects other crypto exchange leaders will step up to fill the void left by the collapse of FTX. In a new interview at the Bloomberg New Economy Forum ...
Why do people invest in crypto? ‘It’s partly fraud and partly delusion’: Charlie Munger
““The country did not need a currency that’s good for kidnappers.”” — Charlie Munger Charlie Munger, vice chairman of Berkshire Hathaway BRK.A, +0.35%, is not a big fan of crypto, and he shared some f...