Crypto lender BlockFi suspended withdrawals and will not be able to operate business as usual given the lack of clarity over the status of FTX, the company said on Twitter. “We are shocked and d...
Tag: FTX
Decoding the State of Investors After FTX Collapse
This year has seen more than its fair share of unexpected market collapses due to surprising news about poorly run cryptocurrency businesses. This week brings yet another massive change. This time its...
FTX Looks to Raise $9.4 Billion in a Rescue Effort
According to reports by Reuters, FTX is exploring every possible avenue to raise about $9.4 billion from its investors and rivals as customers rush to withdraw their funds. FTX CEO Sam Bankman-Fried i...
LayerZero reaches a complete equity buy-out agreement with FTX and Alameda
LayerZero Labs, a cross-chain messaging and bridging startup, said it has come to an agreement with FTX, FTX Ventures and Alameda Research for an equity buyout. LayerZero Labs had raised a Serie...
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’ – Exchanges Bitcoin News
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stress...
FTX US employees attempt to sell assets in CEO’s absence: Bloomberg
Employees working for the U.S. arm of FTX’s cryptocurrency exchange business are trying to sell company assets, in some cases without CEO Sam Bankman-Fried’s “participation,” according to ...
Claims and rumors fuel crypto market turmoil amid FTX collapse
While information leaks and unconfirmed reports can be a way for the truth to reach the public, they can also be a tool that fans the flames to grow even further in an already burned-out crypto market...
FTX US Resigns From the Crypto Council for Innovation
“We remain committed to working towards building regulation that protects users and safeguards innovation, in order to bring about real change,” she said. “The news this week has bee...
Bankman-Fried sold FTX equity to employees at 50% discount in spring: Sources
FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring, a person familiar with the matter told The Block. In June, about 20 people were fired off across the or...
Bahamas securities regulator freezes FTX assets
The Securities Commission of the the Bahamas said it has taken action to freeze assets of FTX Digital Markets and related parties. “The Commission is aware of public statements suggesting that c...
Tron (TRX) Price at Risk Despite FTX Takeover by Justin Sun Rumor
The Tron (TRX) price risks breaking down from a long-term horizontal support area. If it occurs, this could trigger a 40% drop. On Nov. 10, the Tron-based USDD stablecoin de-pegged to $0.97. USDD is ...
The Sudden Fall of FTX Empire: Here’s The Complete Story!
The last five days have been critical for the entire cryptocurrency space. One “controversial report” downsized the global cryptocurrency market cap from $1.04 Trillion to straight $885.19 Billion (a...
Galaxy Digital Unveils $77 Million Investment in FTX, $48M Potentially Locked in Withdrawals
FTT, the Native token of FTX, collapsed on 8 November 2022. Galaxy Digital released its quarterly earnings on 9 November 2022 and noted that $76.8 million exposure to troubled crypto exchange FTX con...
FTX Once Again Processing Withdrawals, On-Chain Data Shows
Struggling crypto exchange FTX appears to be processing withdrawals again, according to publicly available blockchain data. Data from Etherscan – an explorer for analyzing transactions on the Ethereu...
Genesis Trading says derivatives arm has $175 million locked up in FTX account
Genesis Trading revealed late Thursday that its derivatives business has exposure to FTX amid the crypto exchange’s ongoing collapse. “As part of our goal in providing transparency a...
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum – Market Updates Bitcoin News
It’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclip...
Cathie Wood’s ARKK hits 2017 low as FTX collapse spurs crypto wreck
The flagship exchange-traded fund of ARK Invest has fallen to its lowest level in five years after cryptoworld’s latest crisis sent risk assets into a tailspin this week. Ark Innovation (ARKK), the fi...
Grayscale Bitcoin Trust Tumbles By 41% Amid The FTX Calamity
The recent crisis in the world’s third-largest crypto exchange, FTX, is creating more devastating conditions in the Bitcoin and crypto market. Over the past few days, the FTX token (FTT) has lost more...
Top FTX Lawyer Orders Documents Preserved as Investigations Ramp Up
On Wednesday, FTX US General Counsel Ryne Miller ordered all staff to retain their emails, messages, notes and documents stemming from their work at FTX, FTX US, Alameda and affiliated companies, acco...
FTX Re-enables Withdrawals, But Only in Bahamas
FTX.com paused processing withdrawals on the platform Tuesday as its solvency crisis became acute, and executives search for new funding. Earlier today, blockchain analytics platform Nansen first not...
Tether Reportedly Freezes $46M in USDT Linked to FTX
9 seconds ago | 2 mins read Exchange News USDT in cold storage belonged to a single address, which turned out to be FTX’s. Binance made an announcement yesterday saying it is canceling the deal. Tethe...
FTX Japanに行政処分、関東財務局が業務の停止・改善を命令
関東財務局がFTXJPに行政処分 国内暗号資産（仮想通貨）取引所FTX Japanに、関東財務局より資金決済法に基づく行政処分が11月10日下された。処分の内容は業務停止および業務改善命令となっている。 行政処分の翌11日午前5時頃、これを受けFTXJP親会社の海外暗号資産（仮想通貨）デリバティブ取引所FTXは、FTXJPでの売買等の取引停止を発表。 続けて同日FTXJPも「行政処分に関するお詫び...
SBF seeks to raise liquidity for FTX International; funds to go “straight to users”
FTX’s CEO Sam Bankman-Fried (SBF) posted a Twitter thread to say that FTX U.S. was 100% liquid and that he’d do all he can to raise liquidity for FTX International. SBF started by admitting his role i...
BlockFi Halts Withdrawals Due to FTX Collapse
Key Takeaways BlockFi has announced that it will halt withdrawals following uncertainty around FTX’s financial standing. The company said that it will post updates on the situation, but that the...
Crypto Lending Platform BlockFi Announces Withdrawal Freeze, Blames ‘Lack of Clarity’ at FTX and Alameda Research
In the latest sign of fallout from the collapse of the digital asset exchange FTX, crypto lending platform BlockFi now says it has stopped allowing its customers to withdraw funds. The company just po...
FTX Reportedly Sent $4B to Alameda, Got Close to Losing Gibraltar License Because of Binance in 2021
FTX had reportedly reached out to several other large exchanges, including Coinbase and OKX, but was turned down. Its finances were one of the factors after the reviewal of which, Binance backed out o...
New Report Shows FTX Used Customer’s Crypto Funds To Support Almeda Research
While the flames of the FTX crash burn the crypto market, people are coming up with different claims explaining why the crypto exchange’s demise. In a market driven by claims, rumors, and speculations...
CZ Clears Mike Novogratz Say On El Salvador FTX Crypto Assets
After Galaxy Digital CEO Mike Novogratz said El Salvador’s crypto holdings are stored in FTX, Binance CEO CZ responded. Speaking to CNBC earlier on Thursday, Novogratz said that the El Salvador govern...
Ledger hardware wallets hit by the FTX earthquake — CTO
Hardware-based cryptocurrency wallet provider Ledger has experienced some issues due to massive outflows from crypto exchanges amid the FTX bloodbath, according to its chief technology officer. Ledger...