FTX’s European Union license in Cyprus could be suspended in yet another blow to Sam Bankman-Fried’s crypto exchange, according to Bloomberg. FTX Europe looks set to have its Europe...
Tag: FTX
FTX Staff Lost ‘Significant Portions’ of Net Worths on Exchange
The meltdown of crypto exchange FTX is heavily impacting markets — but on a more personal level, employees who believed they worked for one of the most credible crypto platforms are reeling. Zane Tack...
Top US Law Firm To File Lawsuit Against FTX On Behalf of FTT Investors
– Advertisement – FTX legal woes are about to kick off as US law firm Rosen announces plans to sue the company. Rosen Law Firm, a global investor rights law firm, has launched an investi...
US Congressman says SEC’s Gensler allegedly had dubious ties to FTX, promises investigation
U.S. Congressman Tom Emmer said in a tweet that he had received reports that the SEC chairman Gary Gensler was allegedly helping Sam Bankman-Fried and FTX “work on legal loopholes to obtain a regulat...
Did El Salvador Have Bitcoin Deposited In FTX?
Rumors have circulated in recent days that El Salvador may have been involved with the FTX collapse because of Bitcoin deposited on the exchange. In particular, the speculation that has been circulat...
Can FTX Token regain its previous levels by the end of 2022?
FTX Token (FTT), the native cryptocurrency of the troubled exchange, has undergone a turbulent week, losing its value by over 80% at some point. It remains to be seen, however, whether the token will ...
Was FTX’s SBF luring employees to invest in him & FTX? The leaked letter says so
Every morning you wake up to check the news timeline, you will see something bad has happened to FTX and SBF. Only a few weeks ago, it was considered one of the best, most secure, and safest exchanges...
FTX US To Resume Ethereum (ETH) And MATIC Withdrawal
Crypto exchange FTX on Friday said the Ethereum (ETH) withdrawals on FTX US will resume soon. Moreover, users looking to withdraw Polygon (MATIC) need to cancel their pending withdrawals and request a...
Pantera Capital’s exposure to FTX is from its Blockfolio investment
Crypto investment firm Pantera Capital has limited exposure to collapsed crypto exchange FTX, despite its wide range of portfolios, according to a letter from Pantera Capital partner Paul Veradittakit...
‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies
False information spreading online suggested that the president of El Salvador, Nayib Bukele, was seeking the immediate extradition of FTX CEO Sam Bankman-Fried along with Alameda Research co-CEO Sam ...
Ripple CTO Open To Hiring FTX Employees Not Involved In Shady Practices
– Advertisement – David Schwartz has no qualms about poaching FTX employees, but there are exceptions. IN A TWEET, Ripple CTO David Schwartz urged employees at embattled crypto exchange ...
Crypto Trading Company Genesis Reveals Frozen Funds on FTX
3 hours ago | 2 mins read Editors News Genesis Trading stored over $175 million in an FTX trading account. The Bahamas Securities Commission said that it had frozen the assets of FTX Digital Markets....
Desperate FTX users employ shady tactics to bypass bankruptcy process
Social media is flooded with posts from desperate FTX users asking for help to withdraw locked funds. According to Zane Tackett, the former Head of Institutional Sales at FTX, Bahamians are authorized...
BlockFi Halts Withdrawals Citing Lack of Clarity Regarding FTX
Crypto lending firm BlockFi is the latest to limit customer activity on its platform. Fearing a major liquidation event, the company has halted withdrawals. On Nov. 11, BlockFi announced that it was “...
Ethereum Classic (ETC) consolidates amidst the FTX liquidity crisis!
Ethereum Classic is the fork version of Ethereum with ETC as a native coin that is used to pay gas fees on the network. Many investors treat it as an asset for the long term, but the ETC price has bee...
Liquidity Crunch: Tron-based Tokens Surge as FTX Users Try Withdrawal Alternatives
Tron and Tron-based tokens have surged between 500% and 4000% on the FTX exchange as the exchange pursues alternative options to get out of its liquidity crunch. The surge started after FTX announced ...
Bahamas Regulator Freezes Assets Belonging to Beleaguered FTX Crypto Exchange
Amid the problems plaguing cryptocurrency exchange FTX, the Securities Commission of the Bahamas (SCB) has frozen the firm’s assets. The Bahamian regulator also got the court to appoint a provisional ...
Crypto Lender BlockFi Halts Withdrawals After FTX Contagion
The crisis sparked by the collapse of the FTX exchange has spread like a wildfire across the crypto market. A few hours ago crypto lender BlockFi said that they are now limiting client activity and pa...
FTX partially resumes withdrawals, blockchain data shows
According to data from Etherscan on Nov. 10, troubled cryptocurrency exchange FTX appears to have resumed withdrawals. The exchange’s hot wallet address, which has remained inactive after FTX announce...
Bitcoin’s volatility doubles in a week mimicking FTX Token’s moves, data reveals
Just as it looked like the cryptocurrency market was recovering from a months-long crisis, the events surrounding one of the largest crypto exchanges in the world spiked volatility among the tokens th...
Binance’s CZ Unveils 5 Points about FTX Situation, Here’s What He Said
Gamza Khanzadaev Binance CEO reveals intriguing details of FTX deal in letter to employees The head of Binance, Changpeng Zhao, has published an open letter to his staff, revealing details of a possib...
BlockFi Stops Withdrawals, Hinting FTX Mess Can Only Get Worse
BlockFi, the crypto lender bailed out by FTX earlier this year, has suspended withdrawals only two days after assuring users that it was fully operational. In a tweet late Thursday, BlockFi said it ca...
BlockFi halts withdrawals amid FTX crisis, Genesis Trading, Crypto.com emphasize transparency
BlockFi limits its platform activity and pauses client withdrawals amid the FTX crisis. In a Twitter post, BlockFi clarified that this is due to the lack of clarity on the FTX issue. The announcement...
The FTX Contagion is Spreading! BlockFi Suspends Withdrawals; Is the Company Going Bankrupt?
The market conditions presently have become worse as the domino impact of the recent FTX breakdown is being witnessed. After Terra (LUNA), Celsius Network, Three Arrow Capital, Voyager Digital, and FT...
It is High Time to Rethink Holding Strategies as FTX Crisis Roams, Says Blockchain.com CEO
Speaking on CNBC’s “Closing Bell” Thursday, Peter Smith deemed the collapse of crypto exchange FTX as “a tragedy and total failure of governance.” The CEO and co-founder of crypto exchange Blockchain....
JPMorgan Thinks Bitcoin Could Plunge to $13K Following the FTX Crisis
JPMorgan’s team, led by Nikolaos Panigirtzoglou, predicted that the price of bitcoin could drop to $13,000 due to the turmoil following the FTX collapse. The cost to produce BTC has also fallen consid...
Bitcoin whales’ action at the back of FTX episode has some tips for you
Bitcoin’s price fell to a 2-year low following Binance’s refusal to go ahead with the proposed FTX acquisition. As price continues to dwindle, whales ramp up accumulation. Currently trading at a 2-yea...
SBF Seeks $9.4 Billion Rescue Package for FTX
In recent news, Sam Bankman-Fried is attempting to put together a rescue plan of up to $9.4 billion for his struggling cryptocurrency exchange, FTX. SBF Reaches Out To Industry Stalwarts Bankman-Fried...
Japan’s financial regulator requests FTX Japan halt operations
The Financial Services Agency, or FSA, of Japan has requested FTX Japan suspend business orders, citing the policies of FTX Trading Limited. In a Nov. 10 announcement, the FSA said it had taken admini...
Oryen Network Continues To Increase in Price during Presale Event, 110% Gains over FTX and Dogecoin
When a new digital currency is launched, it piques the attention of investors who rush to the market to check it out. The presale event of cryptocurrencies usually represents the possible future of in...
FTX Collapse Sparks Alarm From US Lawmakers
“For four years, under my leadership as Chairwoman, the Committee on Financial Services has led the way in examining and investigating the cryptocurrency marketplace. This includes the Committee...