Serum, an open liquidity infrastructure known to be the most widely used liquidity hub in the Solana ecosystem, is now said to be forked after the fact that it may have been compromised due to the FTX...
Tag: FTX
Solana Developers Work to Remove FTX Control Over Serum DEX
Solana developers want to fork liquidity hub Serum after the compromise of FTX led to hackers withdrawing over $400 million from the bankrupt exchange. Given that FTX developed Serum, many developers ...
Bybit reportedly offering relief funds to impacted FTX employees – crypto.news
Amid the recent FTX crypto company bankruptcy troubles, Bybit reportedly hopes to rescue FTX by offering relief funds to cater to the employees affected. Employees who have lost by a specific threshol...
Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange FTX and former CEO Sam Bankman-Fried several times before the crypto firm filed for bankruptcy. SEC Chairman Gary ...
This Web3 Firm Reduced its Investment in FTX to Zero
Web3 Venture Capital firm Paradigm reportedly stated that it has reduced its investment in FTX to zero. It must be noted that it has raised around $2.5 Billion in November 2022 to start investing in t...
Crypto Exchange AAX Suspends Withdrawals as FTX Failure Reverberates
Crypto exchange AAX said it had suspended activity, citing a scheduled upgrade that had been delayed by turbulent markets. The failure of a third-party partner means services will be delayed for as lo...
FTX Exchange Foundation’s Future Fund Team Dismissed
After condemning the exchange’s behaviour, the team behind FTX Future Fund, a project of the FTX Foundation, has now been dismissed. The team noted in a post on Effective Altruism Forum, “We wer...
Kraken “maintains full reserves” while putting FTX and Alameda accounts on hold
Kraken Exchange has announced that accounts belonging to FTX, Alameda Research, and their executives have been frozen after FTX filed for bankruptcy protection in the United States. This action follow...
Why FTX May Not be the Only Scapegoat in its Own Downfall?
The bankruptcy of FTX Derivatives Exchange, the once crypto behemoth valued at about $32 billion, has served as a reference point for many to look at and engage with the industry with extreme caution....
FTX Holds Luxury Properties Worth 74 million USD in Bahamas
With the Bahamian crypto exchange FTX going bankrupt, new findings about the company and its spendings came out one after the another. Recently a news outlet came up with a report consisting of the in...
Find Here How Larry Summers Compared FTX Meltdown to Enron Scandal
In a recent interview on Bloomberg TV with Larry Summers, on November 11, 2022, he said “A lot of people have compared the FTX meltdown to Lehman. And he would compare it to Enron.” Lawrence (Larry) H...
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...
Solana investors panic after FTX and Alameda Research fall – crypto.news
The fall of Sam Bankman-FTX Fried’s crypto exchange and Alameda Research trading firm is causing unrest in Solana’s SOL market. Some venture capitalists appear to be so concerned that they’re demandin...
Shark Tank’s Kevin O’Leary Says FTX Investment Went to Zero, Needs One Thing To Happen Before Touching Crypto Again
Shark Tank investor Kevin O’Leary has revealed that his investment in FTX International has gone to “zero” and that he doesn’t want to make any more capital allocations to crypto until one thing happe...
Kraken CEO Discusses Impact of FTX Failure — Says Damage to Crypto Industry Is Huge, Will Take Years to Undo – Featured Bitcoin News
The CEO of cryptocurrency exchange Kraken has outlined the impact of FTX’s failure on the crypto industry. After listing multiple red flags, the executive stressed: “The damage here is huge … We’re go...
FTX Faces Criminal Investigation In Bahamas After Crypto Exchange Collapses, Police Say
Topline The Royal Bahamas Police Force is investigating Sam Bankman-Fried’s now-bankrupt cryptocurrency exchange FTX for possible criminal misconduct, the department said in a statement Sunday, markin...
Crypto prices plummeted as FTX unraveled
Crypto prices cratered throughout the week as the FTX controversy played out at breakneck speed. Bitcoin was trading at $16,500 today, down 23% over the past week, while ether lost 25% in the sa...
FTX saga unravels more after the crypto exchange’s bankruptcy filing
The bankruptcy filing of crypto exchange FTX on Friday did not stop the chaos surrounding the once prominent and trusted crypto trading venue. Since the filing that included 135 affiliated companies, ...
No Direction for FTX to Prioritize Bahamian Withdrawals; the SCB Denies
Embattling crypto exchange FTX got another strike when trying to ease some issues. The crypto firm tried to prioritize withdrawals for specific clients and under guidance from the Securities Commissio...
Kraken reportedly knows the FTX “hacker” – crypto.news
The Kraken security team now knows who the person that hacked FTX is, according to a tweet from Nick Percoco, while responding to Mario Nawfal on November 12. All hands on deck Mario Nawfal, the CEO a...
Cryptocurrency Solana Collapses in FTX Scandal
Solana, considered, until recently, to be one of the cryptocurrencies with a promising future, is in the process of completely collapsing. The token lost 61.6% of its value in the last seven days, acc...
Learning from the FTX collapse: Are centralized exchanges really safe?
The recent collapse of popular crypto exchange FTX is again raising the question of ‘who actually controls our crypto assets?”. This whole debacle has significantly damaged the crypto industry, as alm...
Mercedes’ Formula One Team to Not Display FTX Logo
7 seconds ago | 2 mins read Exchange News Both Lewis Hamilton and George Russel’s vehicles will not sport the FTX logo. In 2021, Mercedes partnered with FTX to promote the brand and release an NFT col...
Michael Saylor on the FTX Collapse
The prominent bitcoin bull – Michael Saylor – opined that the FTX crisis will have certain benefits on bitcoin. In his view, the turbulence will eliminate thousands of useless digital assets while the...
Cardano (ADA) Founder Charles Hoskinson Issues Warning, Says FTX Collapse Will Bring More Fallout
The co-creator of Ethereum (ETH) rival Cardano (ADA) is warning investors that there will be more fallout from crypto exchange FTX’s recent collapse. In a new video update, Charles Hoskinson says that...
Hong Kong takes a strong stand on crypto amidst FTX saga
According to an essay that was written on November 13th by the Financial Secretary of Hong Kong, Paul Chan, he is urging for a greater emphasis on transparency and competent supervision when dealing w...
Voyager accepting new bids after FTX Exchange – crypto.news
\n Voyager Digital has called off its deal with FTX, and is set to liquidate its assets after FTX exchange also filed for Chapter 11 Bankruptcy. Voyager also claims that over $3 million of its assets ...
FTX under investigation for possible criminal misconduct in the Bahamas
FTX, which filed for Chapter 11 bankruptcy protection in the U.S. on Friday, is now under investigation in its headquarters of the Bahamas. “In light of the collapse of FTX globally and the prov...