FTX-owned derivatives trading platform LedgerX is reportedly preparing $175 million to be used in its parent firm’s bankruptcy proceedings. The platform, which operated as a subsidiary of FTX.US, prov...
Tag: FTX
FTX contagion would be worse if banks were ‘dangerously intertwined’ with crypto
Contagion spreading through the crypto industry could have been worse if federally-insured banks were “dangerously intertwined” with crypto, according to Sen. Elizabeth Warren, D-Mass. Warren la...
BlackRock Chief Executive Fink said firm invested $24 million in FTX
BlackRock Chief Executive Larry Fink said that the firm invested $24 million in FTX through a fund of funds it manages, according to Reuters. He also said that there were some misbehaviors at th...
FTX Collapse Should Not Be Consider As Failure Of Crypto: EU Deputy Director General
On Wednesday, Deputy Director DG FISMA, Alexandra Jour-Schroeder, in the EU Parliament hearing said the EU doesn’t see FTX as a failure of crypto or blockchain. In addition to this, he blamed SBF for ...
FTX CEO stresses Bankman-Fried, Ellison no longer involved in operations
FTX CEO John Ray stressed in a company all-hands this week that the firm has not been communicating or “dealing with” former senior executives, including its co-founder Sam Bankman-Fried. ...
FTX Subsidiary LedgerX to Reportedly Put $175 Million in Bannkruptcy Pot
LedgerX – one of the companies that remained solvent following the downfall of its parent FTX, is preparing to make millions available for bankruptcy proceedings. According to a report by Bloomberg, L...
Texas regulator orders Sam Bankman-Fried to appear at FTX hearing
A Texas regulator is demanding Sam Bankman-Fried appear at a February 2, 2023 hearing to answer claims that FTX US offered unregistered securities products through its yield-bearing service. The notic...
The Former US Representative Returned A $1M Donation From Former FTX CEO
The former United States representative Beto O’ Rourke returned a $1 million (USD) cheque to former CEO of FTX Sam Bankman-Fried before the midterm elections. O’Rourke’s campaign informed that the don...
Ether storage coming to Casa as centralized exchanges lose their luster
Crypto firm Casa will offer customers the ability to store ether, with its CEO referencing the FTX collapse as a reason for its appeal. “A lot of people learned the hard lesson of why holding yo...
Bahamian Deltec Bank Squarely Denies Exposure to FTX
Several entities are expected to reveal losses after FTX’s debacle. Tether and Deltec Bank are being associated with FTX. Here’s all that is known so far. FTX mess and FUD vibes Cryptocurrency exchang...
The FTX Collapse Caused “Reputational Damage” to Temasek Says, Wong
FTX’s collapse caused great losses to Temasek, a Singaporean holding company. According to Wong, Singapore’s reputation has been damaged. Further, Singapore intends to implement protection measures fo...
Ethereum accumulation trend hits new highs following FTX implosion
Ethereum whales and sharks have been accumulating Ether (ETH) at a record rate since the FTX crash, Santiment reported on Nov. 30. 🐳🦈 #Ethereum‘s large key addresses have been growing in number ...
SBF of FTX allows himself an explicit interview
Bitcoin is gaining in importance in the Central American nation of El Salvador. By following El Salvador’s actions and strategic moves, one can see how much the state is valuing the Bitcoin ecosystem ...
BlockFi Bankruptcy Follows FTX Implosion
SOPA Images/LightRocket via Getty Images Key takeaways On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion Ironically, BlockFi lists FTX as...
Singapore’s Temasek Reviewing FTX $275M Investment
FTX Temasek Review News: After writing off the $275 million investment into FTX, the Singapore authorities have initiated an internal review into the matter. On Wednesday, Singapore Deputy Prime Minis...
Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse
| Getty Images Key takeaways The Gemini exchange had to pause withdrawals after the FTX collapse caused a ripple effect on the cryptocurrency space. Investors fear that Genesis, the lending partner of...
Alameda bought this obscure OTC desk to handle FTX banking
HiveEx, an Australian over-the-counter (OTC) trading desk, was purchased by Alameda Research in 2020 and subsequently used to accept deposits for FTX. What was HiveEx? HiveEx was an OTC desk in Austra...
Sam Bankman-Fried: FTX Would Be More Stable if CZ Stayed Silent
Sam Bankman-Fried, disgraced boss of collapsed crypto exchange FTX, has claimed an extra $4 billion appeared minutes after filing for bankruptcy — money he says could’ve made out-of-pocket users whole...
Telegram set to build crypto exchange in response to FTX collapse
Telegram founder Pavel Durov has announced plans by the messaging platform to unveil decentralized cryptocurrency products, including a crypto exchange and non-custodial wallets. According to Durov, ...
Market Maker Keyrock Raises $72M Amid FTX Contagion
Founded in 2017 in Brussels, Keyrock pulled most of its assets from FTX the weekend after the CoinDesk story broke, but “a little bit” remained stuck, de Patoul said. The amount was “not consequential...
5 Highlights From BlockFi Bankruptcy Proceedings
BlockFi’s bankruptcy last week marked the latest instance of crypto’s collapse starting to resemble TradFi’s 2008 crisis. More high-flying firms are running out of financial runway, if they have yet t...
OpenSea CEO: FTX Fallout Is ‘Opportunity’ to Refocus on Trust
In brief OpenSea CEO Devin Finzer discussed the recent FTX collapse and the Solana NFT market with Decrypt. The top NFT marketplace recently announced that it will continue to enforce NFT creator roya...
OpenSea CEO Sees Opportunity In The FTX Demise
Join Our Telegram channel to stay up to date on breaking news coverage The demise of FTX has affected not only the retail traders and the investors on the exchange but also other crypto companies. Blo...
FTX Roundup: SBF Gives Interview, Missing Funds Move, and Politicians Return Donations
Key Takeaways In a conversation published today, FTX CEO Sam Bankman-Fried discussed his actions during FTX’s collapse. 255 BTC ($4.2 million) of funds taken from FTX were appear to have been de...
Policymakers crank the heat on new EU crypto laws in FTX hearing
EU policymakers laid pressure on enforcing bloc-wide crypto regulations in the European Parliament’s economic committee today following the spectacular collapse of FTX. Regulators disagreed on ...
FTX, Alameda Owe BlockFi More Than $1 Billion: Court Hearing
During the first day hearing for BlockFi’s bankruptcy proceedings, the company revealed that FTX and Alameda Research owe it more than $1 billion—$671 million on a now-defaulted loan to Alameda and $3...
Serum Eyes Community Fork For Survival Post FTX Crisis
2 hours ago | 2 mins read Exchange News Serum, with its fork named OpenBook, offers a ray of hope. The decision was made to fork the chain ultimately by Mango Max. Serum (SRM), a decentralized crypto...
Sam Bankman-Fried Says FTX Hacker May Be a Former Employee
Sam Bankman-Fried is again trying to clear the air. In an interview with Tiffany Fong published Tuesday, the disgraced FTX founder and former CEO explained why FTX prioritized Bahamian withdrawals—and...
FTX Holders Likely to Get 100% Money Back! Fact Or Rumor?
The post FTX Holders Likely to Get 100% Money Back! Fact Or Rumor? appeared first on Coinpedia Fintech News Recently, a transcript of Tiffany Fong’s phone conversation with SBF surfaced. Accordi...
Singapore’s Financial Regulator Defends Itself After FTX Blowup
Wong also addressed the investment of Singapore’s state-owned investment fund Temasek into FTX, saying that it had caused not just financial loss but also reputational damage. Days after Sam Bankman-F...
New SBF interview addresses FTX “backdoor” and money laundering claims
Sam Bankman-Fried, the former head of FTX, chose to sit down with Tiffany Fong, a cryptocurrency vlogger, for a series of interviews. In the two videos released following the company’s collapse, SBF d...