On Nov. 11, 2022, the CEO of Crypto.com Kris Marszalek shared the company’s proof-of-reserves addresses that hold leading crypto assets like bitcoin and ethereum. Marszalek says a “proof-of-reserves a...
Tag: FTX
Buterin breaks silence on FTX debacle, says ‘fraud cuts deeper’
Ethereum founder Vitalik Buterin made his first direct comments on FTX’s spectacular collapse late Friday, accusing former FTX CEO Sam Bankman-Fried of “virtue signaling.” Unli...
FTX NFTs Provided Loophole For Non-Bahamas Residents Wanting to Withdraw Funds
FTX Group has filed for Chapter 11 bankruptcy in the US, and customers have been scrambling to get their money off the platform — by any means necessary. The crypto exchange had re-enabled withdrawals...
BitBoy Accuses SBF of Extorting Billions From Justin Sun, As FTX Files For Bankruptcy
– Advertisement – BitBoy has accused FTX of extorting Justin Sun, as FTX Group filed for bankruptcy amidst insolvency concerns, with Sam Bankman-Fried (SBF) resigning as CEO. The FTX Gro...
Tron Founder Justin Sun in Possible Talks to Acquire FTX
Exchange News The struggling exchange has now filed for bankruptcy. Justin Sun has hinted that he would put some of his money into the possible purchase. In an interview with Bloomberg on Friday, Just...
SkyBridge founder plans to buy back 30% stake FTX, appeals to SBF to come clean
SkyBridge Capital founder Anthony Scaramucci told CNBC on Friday that the company is trying to buy back the stake FTX had acquired in the alternative investment firm. “We’re in a worse position becaus...
FTX Filing for Chapter 11 Bankruptcy, SBF Stepping Down
Key Takeaways FTX and its affiliated companies have filed for Chapter 11 bankruptcy. Sam Bankman-Fried is also stepping down from his role as FTX CEO and will be replaced by John J. Ray III The news c...
FTX Commences Bankruptcy Proceedings as CEO Steps Down
FTX.com has commenced Chapter 11 Bankruptcy proceedings after unsuccessfully attempting to raise $8 billion in liquidity. According to the notice, FTX US, Alameda Research and 130 other connected enti...
FTX New CEO John J. Ray III Registered For Insider Trading? Here’s the Complete Truth
Sam Bankman-Fried will be stepping down from his position as CEO of the FTX Group, according to a notice issued to the FTX official Twitter account this morning. According to the memo, a total of 130 ...
A-Z of how NFT ecosystem has been impacted by the potential collapse of FTX
Since news broke about the potential collapse of FTX, interest in NFTs has dropped. The NFTs ecosystem has been hit with a drop in general market capitalization, sales volume, transactions count in th...
FTX Exchange Files For Bankruptcy
In a major development, FTX has officially filed documents to claim bankruptcy. In a few days, FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, user funds got locked, and riv...
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout – Bitcoin News
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of e...
Six days that rocked the crypto industry
The past week may well be the most tumultuous the crypto world has seen yet. In less than seven days, FTX went from industry darling to bankruptcy protection, with its crashing native token FTT spurri...
Rumors continue to fly surrounding Sam Bankman-Fried and the fall of FTX
The crypto community continues to be bombarded with rumors and conspiracy entering into the fifth day of FTX’s fall. From reports that Sam Bankman-Fried (SBF) was arrested on the tarmac at The Bahamas...
Solana Community Remains Bullish Despite FTX Fallout
Solana, once championed as the “Ethereum Killer” has seen the price of its native token SOL tank by roughly 47% over the past week dominated by the FTX train wreck. SOL is the second largest-holding o...
FTX U.S Plans To Enable Withdrawal of Ethereum and MATIC
10 seconds ago | 2 mins read Exchange News As per SBF, the outage is limited to FTX International. Recently FTX filed for bankruptcy. On Friday, FTX announced that ETH withdrawals will once again be a...
FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins
After the FTX collapse, investors are moving large amounts of Bitcoin (BTC) to their self-custody wallets and exiting Ethereum (ETH) to invest in stablecoins, according to data analyzed by CryptoSlat...
FTX funds frozen in the Bahamas
FTX Digital Markets (FDM) is the Bahamas-based subsidiary of FTX. Indeed, the company that owns the FTX.com exchange is FTX Trading LTD, which is headquartered in Antigua and Barbuda but has its own ...
How is FTX Debacle Affecting Crypto Market?
The collapse of FTX, a digital currency exchange valued at $32 billion earlier this week has shocked the cryptocurrency industry. Sam Bankman-Fried, the founder of FTX who was widely regarded as one o...
CZ on Why The FTX Deal Fell Through
FTX has lost several potential rescuers after shady details of the internal workings continue to emerge. The biggest setback was Binance pulling out of the deal. But according to the crypto giant’s CE...
Uncertainty Looms Amid Binance’s Failed Acquisition Of The FTX Crypto Exchange ⋆ ZyCrypto
Advertisement     On November 2, 2022, the Fed raised its key interest rates by 75 basis points for the fourth time this year, bringing the target range for the federa...
FTX Announces Chapter 11 Bankruptcy, Crypto Market Down
FTX Bankruptcy Proceedings Updates: Troubled crypto exchange on Friday announced it is going ahead with chapter 11 bankruptcy. In a announcement of the major decision, the company said FTX and Alameda...
Larry Summers has some choice words for Sam Bankman-Fried and FTX
The FTX downfall is not so much a Lehman moment as an Enron one. So says former Treasury Secretary Larry Summers about the once-heralded cryptocurrency exchange that today declared bankruptcy and anno...
California regulators to investigate FTX crypto exchange collapse
The Department of Financial Protection and Innovation (DFPI) in the state of California announced on Nov. 10 that it will open up an investigation as to the “apparent failure” of the cryptocurrency ex...
SEC Investigating Binance and Coinbase after FTX Implosion: WSJ
According to the The Wall Street Journal, the SEC has opened an inquiry into the FTX platform, in addition to looking into Coinbase Global and Binance. Following its abrupt collapse this week, the Sec...
FTX is Bankrupt But You Can Still Trade Crypto There
Bankrupt FTX continues to allow crypto trade despite customers’ inability to withdraw funds. As of 3 pm ET, trading on both the FTX.com website and the FTX mobile app are functioning normally. Accordi...
Tron Agrees While Tether CTO Denies to Come Forwards for FTX
FTX is in a stiff situation and the gradual grievance is making it tough for the Bahamian crypto exchange. The company has lost a significant amount of assets given the abrupt withdrawals by the users...
This User withdrew MILLIONS from FTX, and SBF to Prison?
There is a lot of speculation around FTX and what happened with the company. People fear that their investments went to bust, while others find loopholes to withdraw millions. Did the CEO of Binance C...
Ripple CTO Makes Ironic Comments about Ripple and Himself Considering FTX Purchase
Yuri Molchan David Schwartz says that Ripple was going to acquire FTX, but there were not enough funds for it Contents Binance withdraws from FTX deal, here’s why FTT scammers raise their heads ...