Bitcoin (BTC) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days. New data from on-chain analytics ...
Tag: FTX
Crypto Fund Galois Capital Has Half of Its Capital Trapped on FTX
Crypto hedge fund Galois Capital told CoinDesk in a Telegram message on Saturday that around half of its funds are stuck on FTX, the beleaguered crypto exchange which filed for chapter 11 bankruptcy p...
Bankrupt Voyager Digital Looks for New Buyer After FTX Goes Under
Bankrupt cryptocurrency broker and lender Voyager Digital Ltd. said it has resumed its search for a buyer in light of the collapse of crypto exchange FTX, the firm founded by wunderkind Sam Bankman-Fr...
Solana liquidity hub Serum to be forked after possible compromise in FTX hack
Solana developers are forking FTX-developed token liquidity hub Serum after it may have been compromised in a hack on FTX. On Friday, a hacker made unauthorized withdrawals of more than $400 mi...
Crypto VC David Pakman on FTX: an “entirely avoidable tragedy”
If you want to better understand exactly how big a deal it is that the cryptocurrency exchange FTX just imploded, you could do worse than talk with David Pakman, an entrepreneur turned venture capital...
Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing – Featured Bitcoin News
The founder and CEO of an Africa-focused payments firm, Elizabeth Rossiello, claimed on Nov. 11 that the beleaguered crypto exchange FTX had incorrectly included AZ Finance in its chapter 11 bankruptc...
FTX Token and Solana Are Destroyed, But There’s Opportunity In Snowfall Protocol – Experts Explain Why!
Place/Date: – November 13th, 2022 at 9:57 am UTC · 3 min read Source: Snowfall Protocol FTX Token (FTT) and Solana (SOL) are both destroyed, but there’s an opportunity in Snowfall Protocol (SNW)...
FTX Trading’s Liabilities Dwarfed Liquid Assets, FT Says
(Bloomberg) — Sam Bankman-Fried’s FTX Trading exchange held $900 million in liquid assets against $9 billion of liabilities the day before Friday’s bankruptcy filing, the Financial Times reporte...
The Epic Collapse of Sam Bankman-Fried’s FTX Exchange: A Crypto Markets Timeline
After this week’s shocking (and still-unfolding) developments in the crypto industry, including the rapid unraveling of Sam Bankman-Fried’s FTX exchange and Alameda Research trading firm, ...
Crypto Roundup Weekly: The FTX Drama
The FTX drama has been the pervasive news in the crypto space this week. The native token FTT lost most of its value, leading to other cryptos being heavily affected as well. Let’s take a close look a...
New FTX tokens worth about $380 million appear out of thin air
The deployer contract of FTX Exchange (FTT) tokens mysteriously printed 192 million new tokens today and sent them to a freshly created wallet, according to on-chain data. The total value of these tok...
From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships – Exchanges Bitcoin News
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to bu...
Kraken freezes FTX and Alameda accounts, ‘maintains full reserves’
Kraken has frozen accounts owned by FTX Group, Alameda Research and their executives following their filing for Chapter 11 bankruptcy protection. “Kraken has spoken with law enforcement regardin...
Bahamas regulator contradicts FTX claim that it was required to process local withdrawals
The Securities Commission of the Bahamas (SCB) did not require failed crypto exchange FTX to allow withdrawals for users in the country, according to a statement shared on the financial regulator̵...
Vitalik Buterin calls out FTX for virtue signaling: ‘deserves what its getting’
The sudden fall of FTX revealed the need for fresh reforms aimed at protecting investor funds against manipulation and misdirections. The co-founder of Ethereum, Vitalik Buterin, believes what FTX did...
How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain
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FSA issues business suspension order against FTX Japan
The FSA has ordered FTX Japan to suspend its business operations for a given period of time. The order by FSA includes three crucial points. The Kanto Local Finance Bureau has ordered FTX Japan,...
Kraken CSO claims to Identify the Hacker Who Stole $600 Million From FTX
Going into the weekend, FTX developments kept the cryptocurrency market on its toes. After hearing that FTX CEO Sam Bankman-Fried had declared bankruptcy and resigned, FTX reported account access viol...
FTX bankruptcy: Can account holders expect to get their money back?
FTX, the unraveling cryptocurrency exchange, has plummeted from its high-profile perch straight into bankruptcy court. On Friday morning, FTX and related entities including Alameda Research, its affil...
Paradigm marks down FTX investment to zero: Sources
Crypto investment firm Paradigm has told its limited partners that it marked down its investment in now bankrupt exchange group FTX to zero following its liquidity meltdown, according to two persons f...
Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud – Regulation Bitcoin News
Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said th...
Regulator denies asking FTX to prioritize withdrawals for Bahamian clients
The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients. In a statement on Nov. 12, the securities commi...
FTX founder Bankman-Fried denies fleeing to South America amid crypto collapse
FTX founder Sam Bankman-Fried denied speculation on Twitter that he had flown to South America after the cryptocurrency exchange filed for bankruptcy. When asked whether he had flown to Argentina, as ...
Galois Capital Lost 50% of Its Holdings in FTX; What Is Special About This Story?
Vladislav Sopov Half a year ago Kevin Zhou of Galois Capital masterfully predicted LUNA/UST collapse; Now he lost over $100 million in FTX Contents Fund that predicted Terra drama loses $100 million i...
FTX Price Prediction: FTT Facing the Consequences still in harsh Phase, Lower than Ever Expected!
FTX is still falling after a little buying over the daily price chart. FTX price action has fallen below 20, 50, 100 and 200-days Daily Moving Average. The pair of FTX/BTC is at 0.0001624 BTC with an ...
Ripple CTO Says FTX Differs from Madoff’s Ponzi, But There’s a Catch
Yuri Molchan Ripple’s David Schwartz says that while many are comparing Sam Bankman-Fried to Madoff, there are “huge apparent differences” Chief technology officer of Ripple Labs David Schwartz, who i...
Elon Musk Explains Why He Rejected FTX Founder’s $3 Billion Offer to Buy Twitter
Yuri Molchan The centibillionaire has revealed why he turned down the offer of Sam Bankman-Fried earlier this year Contents “He set off by BS detector” FTX gets hacked, funds leaving for anon wallet @...
FTX goes up in flames and impacts the broader crypto industry, causing regulators to respond: Hodler’s Digest, Nov. 6-12
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Jump Crypto says it remains ‘well capitalized’ following FTX downfall
Jump Trading’s cryptocurrency arm said it remains “well capitalized” after FTX and Alameda Research filed for Chapter 11 bankruptcy protection earlier this week. On Saturday afternoo...