FTX, alongside 130 affiliated companies including FTX.US and Alameda Research, has filed for Chapter 11 bankruptcy amid the liquidity crunch. Press Release pic.twitter.com/rgxq3QSBqm — FTX (@FTX_Offic...
Tag: FTX
Ripple executive offers positions to former FTX employees
The possibility of FTX personnel pursuing a career at the crypto payment firm has been hinted at by David Schwartz, chief technology officer at Ripple. Earlier, Schwartz made an equivalent offer to Tw...
Matrixport reveals FTX exposure; 79 users incurred losses as result
Matrixport, a crypto financial services platform that bills itself as a neo-bank, revealed to clients that two of its products have exposure to FTX. Matrixport’s bitcoin fixed income prod...
Genesis Discloses Exposure To FTX
Genesis Trading has revealed that it was exposed to FTX, with $175 million locked away in an FTX trading account. Genesis Reveals Locked-In Funds Crypto trading firm Genesis has disclosed that around...
El Salvador Does Not Hold Any BTC on FTX, Said Changpeng Zhao
The President of El Salvador – Nayib Bukele – reportedly dismissed the arising rumors that his country holds its bitcoin stash on the battered cryptocurrency exchange FTX. The information was revealed...
Ripple Top Exec Makes Surprising Offer To FTX Employees As Exchange Files For Bankruptcy ⋆ ZyCrypto
Advertisement     Ripple chief technology officer David Schwartz has indicated that FTX employees are welcome to pursue careers at the blockchain cross-border payments...
Breaking: Justin Sun is prepared to bailout FTX with billions
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Bitcoin, ether drop as FTX’s bankruptcy filing spooks crypto markets
Crypto prices sank on the news that FTX and more than 100 corporate entities affiliated with the firm are filing for bankruptcy. Bitcoin dropped 5.2% at $16,551, while ether crashed 6.5% to $1,...
BREAKING: FTX files for bankruptcy, SBF resigns as CEO
FTX, until recently thought to be one of cryptocurrency’s top platforms, has announced it entered voluntary Chapter 11 Proceedings. The announcement on Friday morning is the latest chapter of a really...
FTX CEO Bankman-Fried Resigns, Bankruptcy Proceedings Begin
By Jon Rice / November 11, 2022, 9:23 am EST In a notice posted to the FTX official Twitter account this morning, FTX announced that Sam Bankman-Fried would be stepping down from his position as CEO o...
CoinShares Reveals $30.3M Exposure To Struggling FTX
2 hours ago | 2 mins read Exchange News The firm made the withdrawal requests before FTX’s withdrawal freeze announcement. According to Mognetti, the company’s net asset worth was around $279.8 millio...
Bahamas freezes FTX assets, Alameda Research winds down – crypto.news
More than six governmental regulatory bodies, including the U.S. SEC, CFTC, DOJ, California and other municipal governments in the US, the Bahamas, and the Japanese Financial Services Agency, have sta...
Pantera Capital swiftly implements precautionary measures following FTX, Alameda fallout
Director of Portfolio Development at Pantera Capital, Franklin Bi, has created a Twitter thread discussing portfolio preventative measures taken following the recent FTX and Alameda Research fallout. ...
BTC Firebrand Michael Saylor Says FTX Implosion Could Set Off a Rapidly Growing Crypto Industry – Here’s How
MicroStrategy founder and Bitcoin (BTC) bull Michael Saylor says the collapse of FTX could actually spark further growth in the crypto industry. In a new interview with CNBC, Saylor says the collapse ...
FTX CEO Seeks Rescue Package Worth up to $9.4 Billion
As FTX tries to survive a difficult time, CEO Sam Bankman-Fried is seeking to raise a rescue package of up to $9.4 million to help the situation. This came after Binance pulled out from the deal to ac...
FTX used customer funds to fund risky bets, which led to its demise
Join Our Telegram channel to stay up to date on breaking news coverage According to a person with knowledge of the situation, cryptocurrency exchange FTX used customer assets worth billions of dollars...
Crypto Market Lost $200 Billion Due to FTX Collapse, No Recovery Signs
FTT is down nearly 93% from its August highs due to the FTX exchange crisis. Buyers try to hold off the sale, thus it is up 6% in the last 24 hours. The FTX price stops at its March 2020 lows, near th...
CoinShares Reports Over $30 Million Worth of Crypto Stuck on FTX
Europe’s largest digital asset investment and trading group – CoinShares – revealed that approximately 11% of its total net asset value is situated on the crypto exchange FTX. Another firm experiencin...
FTX signs agreement with TRON to swap assets
A relief for FTX after having tough days in recent times. The update is regarding the exchange platform signing an agreement with TRON to allow the holders of SUN, TRX, HT, JST, and BTT to swap their ...
FTX resumes withdrawals, SBF opens up, but will SEC allow the ‘Sun’ shine
Troubled cryptocurrency exchange FTX, resumed withdrawals despite Binance’s decision to back out from its initial offer to save the firm. Rumors of users being able to salvage some funds had spread ar...
SERC Regulated MoonXBT Willing to Aid FTX with Emergency Liquidity
Advertisement     FTX is now trying to raise capital to save the troubled exchange after it experienced a liquidity crunch and had seen more than $5 billion in withdra...
FTX Files For Bankruptcy—Former Billionaire Sam Bankman-Fried Resigns As CEO
Topline Embattled cryptocurrency exchange FTX announced on Friday morning it has commenced Chapter 11 bankruptcy proceedings and that its former billionaire CEO Sam Bankman-Fried has resigned from the...
Bored Ape Yacht Club NFT Prices Plummet After FTX Crash
The crypto market is in turmoil amid news of FTX’s liquidity crunch and alleged mismanagement of customer funds.This crisis has sent shockwaves through the NFT market, leading to panic selling of NFTs...
FTX files for Chapter 11 bankruptcy
UPDATE (9:45 a.m. ET): According to a bankruptcy filing by Alameda Research, the firm says it has more than 100,000 creditors. Alameda also said that it has between $10 billion and $50 billion i...
Canadian teachers could have a $95 million hole in their pensions due to the FTX crypto implosion
The crisis at cryptocurrency exchange FTX is having ramifications far and wide. Now Canada’s third largest pension plan is revealing details about its exposure to the troubled company led by 30-year-o...
Binance Likely to Ditch FTX Deal: WSJ Report
Alex Dovbnya Binance has reportedly discovered a huge hole in FTX’s finances, according to a recent report by the Wall Street Journal According to a Wednesday report published by the Wall Street Journ...
BlockFi halts withdrawals in the wake of FTX collapse
BlockFi has fallen victim to the collapse of the FTX behemoth. BlockFi said on November 11 that “business as usual” was no longer possible. It cited a lack of clarity surrounding FTX, FTX.US, and Alam...
Community Pressures Congress To Probe Connections Between FTX CEO And SEC Chair
– Advertisement – The crypto community does not trust the US SEC and is now looking to Congress for answers. In a tweet yesterday, CryptoLaw, shared a petition urging crypto community memb...
Tether’s CTO Paolo Ardoino Has No Plans Pulling Up Falling FTX
2 hours ago | 2 mins read Exchange News FTX is currently at a $9.4 billion deficit and is facing liquidity crunch. Tether informed the community that it has no exposure to Alameda or FTX. More than on...
Alameda-backed trading shop Folkvang says it can ‘easily absorb’ hit from FTX exposure
Crypto trading shop Folkvang has some assets locked on FTX that it has used to facilitate trading, but can “easily absorb this hit.” The firm issued a statement on Twitter outlining ...
Sequoia Says Investment in FTX Does Not Negatively Impact its Fund
Major venture capital firm Sequoia Capital has written down the value of its investment in the beleaguered crypto exchange FTX, to zero. Notably, the company was part of the investors who participated...
FTX still in crisis, Tether won’t invest – crypto.news
Tether has indicated that it has yet to make plans to invest capital into FTX, despite the CEO allegedly approaching many companies for assistance. As it struggles to close a purported multi-billion d...