Binance CEO Changpeng Zhao says he will be loosening up his “policy to not comment on competitors (we call industry peers) publicly” following the collapse of FTX. “Going forwa...
Tag: FTX
NYDIG Executives Noted Bitcoin’s Importance and FTX Bankruptcy Filing
Prominent bitcoin (BTC) company, NDYIG released an article written by co-founder and executive chairman Ross Stevens and research head Greg Cipolaro. The article titled “Through the Looking Glass: The...
Galois Capital admits over 50% of its capital was locked up in FTX
In a discussion between CoinDesk and the Galois Capital co-founder, Kevin Zho, it was explained that a total of an estimated $40 million in funds are locked up in FTX at this time. The crypto hedge fu...
Mercedes Will Not Remove FTX Logo From its F1 Cars
Despite the crash of the crypto exchange FTX, the Mercedes Formula One team vowed not to remove the company’s logo from its race cars. Still, the F1 squad said they are closely monitoring the situatio...
FTX users may be cashing of bankrupt crypto exchange through a Bahamas loophole
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have f...
‘Need to update my LinkedIn’ — FTX Ventures head resigns: Report
Amy Wu, an investor in FTX and the head of the firm’s venture capital arm, FTX Ventures, has reportedly resigned her position. According to a Nov. 11 report from The Information, Wu resigned as head o...
Over $1 Billion of Customer Funds Missing From FTX Records
9 seconds ago | 2 mins read Exchange News FTX had moved about $10 billion to Alameda Research. Bankman-Fried utilized a “backdoor” in FTX’s accounting system as per sources. At least $1 billion in cus...
FTX had only $900 million in liquid assets backing $9 billion in debt: FT
FTX had only $900 million in liquid assets against $8.9 billion in liabilities on the eve of bankruptcy, the Financial Times reports. Citing investment materials, the report noted that the large...
Ripple CTO Has This to Say On FTX Being A Ponzi
David Schwartz, the chief technology officer of Ripple Labs and a co-creator of XRP Ledger and XRP, has taken to Twitter to somewhat defend FTX founder Sam Bankman-Fried’s reputation of being called a...
3 key crypto price events to watch in the wake of the FTX and Alameda debacle
Up until the start of this week, Bitcoin (BTC) had been demonstrating record-low volatility, and this gave altcoins enough latitude to paint some nice technical setups. At the same time, on-chain dat...
Ethereum Will Benefit from FTX Situation, 4 Reasons Why
Arman Shirinyan Ethereum remains winner on market despite massive crash and devastation The FTX tragedy left multiple coins on multiple markets in the dust as the exposure the exchange had and provide...
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...
Desperate FTX customers may have exploited NFT-linked loophole to recover funds before bankruptcy filing
FTX’s bankruptcy means some customers will have to wait months, or even years, to regain their deposits, assuming they can at all. A daring few apparently didn’t want to take that chance. According to...
Flight Radar Report Shows FTX Co-Founder’s Private Jet Flew to Argentina, SBF Says He’s Still in the Bahamas – Bitcoin News
According to Flightradar24’s official Twitter account, the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. While the ...
FTX US suspends withdrawals, according to on-chain data
Following an announcement on Nov. 10 that FTX US may halt trading on its platform, on-chain data suggests that the platform has paused withdrawals from the United States-based platform on Nov. 11. The...
Crypto Lender Celsius Files to Extend Submission Time; FTX Files For Bankruptcy
Recently beleaguered crypto lending firm Celsius Network announced filing of a motion. The motion noted to extend its reorganization plan’s exclusivity period. This would allow the crypto firm to have...
FTX was hacked; hacker’s identity found
Late on Friday, well over $600 million was stolen from the cryptocurrency wallets owned by FTX. Shortly thereafter, FTX announced on its authorized Telegram channel that the company had been hacked an...
JPMorgan Analysts Warns of Tough Times in Light of FTX Collapse
Bitcoin News The researchers elaborated on the decline in the number of strong competitors. The firm anticipated the price of Bitcoin falling below $13,000 as a result. On Thursday, experts at JPMorga...
13,000 ETH Burnt In The Last 3 Days As FTX Collapse
Crypto Live News Amidst the FTX-Alameda crisis, on-chain transactions have spiked which has resulted in burning of 13,000 ETH in just three days as reported by Etherscan. This is the result of users f...
SBF, FTX, Alameda – the red flags were all there; how did we miss them?
The continuous downfall of FTX may be one of the longest cons perpetrated on crypto investors. The reality was and still is staring FTX investors in the face, but no one can seem to accept it. In real...
Ripple Executive Makes Unexpected Offer to FTX Employees: Details
Gamza Khanzadaev Ripple executive sees opportunity in FTX crash as company actively evolves David Schwartz, chief technology officer at Ripple, has hinted at the possibility of FTX employees pursuing ...
Bitfinex CTO Shares Proof of Reserves Following FTX Turmoil
10 seconds ago | 2 mins read Exchange News Ardoino published Bitfinex’s proof of reserves on GitHub. Bitfinex has also released an open-source library in June 2018 named Antani. Transparency about the...
FTX hacker identity discovered by Kraken Exchange team
Nick Percoco, the CSO of Kraken Exchange, tweeted just an hour ago in response to Mario Nawfal that the Kraken team now knows the identity of the user that hacked FTX. We know the identity of the user...
What is the White House Doing In The Wake of the FTX Fiasco?
Join Our Telegram channel to stay up to date on breaking news coverage The White House Press secretary, Karine Jean-Pierre, said that the Biden administration and financial market regulators would clo...
The Rise and Fall of SBF and FTX
Amid FTX’s collapse this week, founder and CEO Sam Bankman-Fried (SBF) has rapidly transformed from a crypto industry icon and so-called “savior” into an ignominious figure, responsible for potentiall...
FTX Exchange Files for Chapter 11 Bankruptcy in the United States
FTX Group of companies has officially filed for Chapter 11 Bankruptcy in the United States, marking one of the darkest weeks in the history of the digital currency ecosystem. According to the update s...
Sam Bankman-Fried Will No Longer Serve as FTX CEO, Position Already Filled
Sam Bankman-Fried has officially stepped down as FTX CEO. The company has filed for Chapter 11 for bankruptcy. New CEO will restructure the company. FTX Requires Restructuring The unexpected collapse ...
Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar – Bitcoin News
On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital curr...
Solana TVL drops by almost one-third as FTX turmoil rocks ecosystem: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The second week of No...
Is FTX taking bribes to allow crypto withdrawals?
Crypto exchange FTX is under more scrutiny, as users on Twitter allege that someone from the inside is taking bribes to KYC customers and helping them withdraw funds. A user profile named ‘Algotrading...
FTX Collapse Have Impacted BAYC Floor Price
Fall of FTX has impacted the non-fungible tokens market too. BAYC floor price had a negative effect following the event. ApeCoin was trading at a market price of $2.9. Why The Bored Ape Floor Price is...
Solana weathers the FTX storm as SOL rises; RobotEra presale
Join Our Telegram channel to stay up to date on breaking news coverage The Solana ecosystem is in crisis this week as a result of the steep decline in SOL’s price, which lost more than half of its wor...