Binance pulled out of its deal to acquire FTX after reviewing the exchange’s financials. It’s not the first time it’s bailed on a deal. The skepticism was almost immediate foll...
Tag: FTX
Binance Tops up Its Insurance Fund to $1 Billion Following FTX Crash
Binance’s CEO said the world’s largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again. This comes as a result of the recent market plunge, and its purpose...
Hostaged FTX Funds Sold for Pennies on the Dollar in OTC Trades Among Customers
Crypto traders with remaining funds on FTX are attempting to sell their account balances for fractions of their face value. Telegram chats facilitating small over-the-counter (OTC) markets viewed by C...
Binance’s FTX Bailout: Singapore Government Involved Indirectly
FTX’s largest Singapore government-owned investor Temasek on Wednesday said it is engaging with FTX amid the bailout by rival crypto exchange Binance. Temasek has participated in three funding rounds ...
Tron’s Justin Sun Says He’s Working With FTX to ‘Initiate Pathway Forward’ for Group of Crypto Investors
Tron founder Justin Sun says he’s working with FTX to help a group of crypto investors in the wake of the exchange’s collapse. In a message that has been retweeted by FTX founder Sam Bankman-Fried, Su...
US Regulators Probing FTX Handling of Customer Funds: Bloomberg
The inquiries by the Securities and Exchange Commission and Commodity Futures Trading Commission date back several months and started as a probe into the crypto lending activities of FTX’s U.S. ...
Bitcoin losses continue after Binance quits FTX deal
Crypto markets continued to fall Wednesday, with news that Binance won’t buy FTX, fueling additional declines as U.S. equities markets closed. The day’s losses have been fueled by gr...
CZ Tells Binance Team Across World Not to Trade FTX Coin
– Advertisement – CZ says trading FTX coin is risky. Binance CEO Changpeng Zhao”CZ” Zhao has revealed a note sent to the Binance team across all countries, as he asks the team not to trade...
LUNA dwarves FTX in terms of losses but the worst is yet to come
The fallout from FTX’s insolvency has already shaken the crypto industry to its core. After several days of speculation about the state of FTX’s balance sheet, the exchange yielded and admitted defeat...
Gensler says FTX collapse is ‘part of a pattern’ in crypto markets
Gary Gensler, chairman of the Securities and Exchange Commission, said that Tuesday’s sudden FTX collapse is part of a wider trend in digital assets. “What we’ve seen in the last tw...
Binance backs out of FTX acquisition deal
Crypto exchange giant Binance will not buy FTX after reviewing the company’s financials. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issue...
FTX Fiasco Hits Investors From Tiger Global to Tom Brady
(Bloomberg) — The FTX.com fiasco has ensnared some of the biggest names in finance. Most Read from Bloomberg Tiger Global Management, Third Point and Altimeter Capital Management are among hedge...
Alameda, FTX Ventures Websites Down Following FTX Disaster
Amid the major crypto exchange FTX’s liquidity crisis, two companies closely tied to it – including Alameda Research and FTX Ventures – appear to be inaccessible on their websites. Alameda‘s site ha...
Cboe Digital reassures customers of asset safeguards
U.S.-regulated crypto exchange and clearinghouse Cboe Digital issued a letter today to customers to reassure them about asset safeguards as questions mount about the FTX liquidity crunch. “...
Galaxy Digital Reveals Update on Ties to FTX, Partnership Has ‘Exposure of Approximately $76.8 Million’ – Bitcoin News
Following the issues surrounding FTX, the publicly-listed firm Galaxy Digital published its third-quarter earnings report and noted it has an “exposure of approximately $76.8 million of cash and digit...
Dan Tapiero says he’s not ‘all that worried’ about FTX crash
Crypto investment firm 10T Holdings is actually “doing ok” this year despite market volatility surrounding the collapse of FTX, hedge fund veteran Dan Tapiero said at the Token2049 confere...
Bitmex to proceed with token launch, says no exposure to FTX
Crypto exchange Bitmex, which says it has no FTX or Alameda exposure, plans to launch a native crypto token for traders on Friday, regardless of market volatility amid the collapse of Sam Bankman-Frie...
Tom Brady, Gisele Bündchen’s investment in FTX at risk following collapse
Following the recent developments leading to Binance’s planned buyout of FTX and later backtracking on the deal, Tom Brady and Gisele Bündchen’s 2021 investment in FTX is at risk as the exchange faces...
CZ shares note to team on FTX situation
The CEO of Binance has just publicly shared his thoughts on FTX and crypto in general in a note to the globally based Binance team. In a bid for full transparency in his dealings with Sam Bankman-Frie...
Binance Will Not Acquire FTX, Exchange Confirms
Binance, the world’s largest crypto exchange, has backed out of its agreement to purchase FTX just one day after signing an agreement to rescue the company on Tuesday. Binance said its decision was ma...
CZ Says Crypto Crash, FTX Deal Bad For Binance & Ecosystem
Crypto Crash News Live: Binance CEO CZ said the crypto crash resulted from the FTX acquisition announcement is bad for the crypto ecosystem. In a note shared with Binance employees, CZ said FTX collap...
Amid the FTX Confusion, Whistleblower Edward Snowden Says ‘Custodial Exchanges Were a Mistake’ – Bitcoin News
Whistleblower and former NSA contractor, Edward Snowden, has been very vocal about the crypto economy in recent times. After publishing a copy of Bitcoin’s white paper on Twitter on the document’s 14t...
Inside FTX’s demise with Framework Ventures Co-founder Vance Spencer
Episode 109 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Framework Ventures Co-founder Vance Spencer. Listen below, and subscribe to The Scoop on Apple, S...
$1 Binance FTX deal is off unless FTX.US is part of the package: Source
By Jon Rice / November 9, 2022, 3:29 pm EST Binance will not go ahead with the proposed deal to acquire FTX unless the US-based exchange partner FTX.US is part of the deal, according to a source with ...
FTX Faces Federal Probes as FTX Ventures, Alameda Sites Go Dark
Key Takeaways The websites of FTX Ventures and Alameda Research went offline today amidst FTX’s solvency issues. The takedown occurred around the time that Bloomberg reported an expanded regulat...
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto Crash
Topline Binance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto...
Solana Labs COO sees ‘crucible moment’ for ecosystem amid FTX crisis
Solana Labs COO Raj Gokal weighed in on the FTX crisis that will see its non-U.S. assets sold to Binance, calling it a “crucible moment” for the Solana ecosystem that has close ties to the collapsing ...
Twitter Erupts With Memes as Binance Acquires FTX
On Tuesday, the cryptocurrency market took a hit as Binance CEO Changpeng Zhao, popularly known as CZ, revealed that the company would liquidate its entire FTX holdings. This announcement sent shockwa...
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’ – Bitcoin News
The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled...
What EU Merger Regulators Have in Store for Binance’s FTX Buy
“Agencies usually impose remedies when fewer competitors are left, and when markets are not as dynamic, but antitrust agencies also need to show teeth in what they consider to be a space where c...
Binance Backs OUT from FTX Purchase: Renewed Crypto Market CRASH?
Breaking News: Binance backs out from its decision to acquire FTX. This news took another heavy toll on the crypto market. In the past 24 hours, the crypto market lost on average around 14%. Will the ...