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 stolen from FTX were appear to have been d...
Tag: FTX
BlockFi files for bankruptcy in the wake of FTX collapse
BlockFi is the latest victim of the FTX collapse. After Celsius and Voyager, BlockFi is the latest lender to shut shop this year. Crypto winter and big collapses are crippling investor and retailer co...
FTX Resumes Payments to Employees And Contractors Pending Bankruptcy Hearings ⋆ ZyCrypto
Advertisement     FTX has resumed post-bankruptcy payments to employees worldwide days after they were halted following a chapter 11 bankruptcy filing in the US. Accor...
Senior Senate Democrat wants crypto exchange info after FTX collapse
Senate Finance Committee Chair Ron Wyden, D-Ore., wants information on how large crypto exchanges conduct business, including whether they use customer funds for undisclosed purposes, following the co...
Attorney General of The Bahamas Defends Its Crypto Savvy in Wake of FTX Crash
Ryan Pinder, Attorney-General and Minister of Legal Affairs for The Bahamas, held a late Sunday press conference to defend the “integrity of our jurisdiction,” asserting that—despite his c...
Collapsed Crypto Exchange FTX Resumes Normal Salary Payments to Employees Worldwide
Beleaguered crypto exchange FTX says most of its subsidiaries are resuming salary and benefit payments to employees after being interrupted during the company’s insolvency crisis. In a statement, FTX’...
US Auditing Firms To Charge More for Crypto Company Services Following FTX Collapse: Report
Several US auditing firms are reportedly going to charge crypto companies a steeper fee for their services in the fallout of FTX’s implosion. According to the Financial Times, many audit firms are rec...
Solana-Based Crypto Project Serum (SRM) Says It’s ‘Defunct’ After FTX and Alameda Collapse
The Solana (SOL)-based decentralized exchange (DEX) Serum (SRM) is updating its community as it faces fallout from the FTX collapse. According to the Project Serum Twitter account, Serum’s mainnet is ...
BlockFi has $355 million in digital assets ‘frozen’ on FTX
Troubled crypto lender BlockFi has $355 million in digital assets frozen on FTX’s platform, the company said in court. BlockFi attorney Joshua Sussberg also shared new details about how closely ...
BlockFi drags FTX founder into legal battle
The crypto market has not snapped out of the domino effect started by the FTX crypto exchange collapse three weeks ago. If anything, it seems to be gathering momentum at this point as BlockFi has also...
FTX Hacker Transfers $4.1 Million in Bitcoin to OKX
On-chain sleuth ZackXBT has tracked down some of the mixed Bitcoin funds stolen by the mysterious FTX hacker this month. The analyst found that $4.1 million worth of Bitcoin (255 BTC) has ended up on...
The latest on FTX, John Ray III, and his attempts to pacify the ongoing outrage
On 28 November, bankrupt cryptocurrency exchange FTX announced that it will “resume conventional” cash payments, salaries, and benefits to its remaining staff members worldwide. The announcement was m...
How stable are stablecoins in the FTX crypto market contagion?
If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leade...
NEXO releases proof of reserves showing no exposure to FTX
Despite posting a proof-of-reserves with neither asset breakdown nor wallet addresses, Nexo praised its risk engine as the sole reason for no bad debts. According to the Nov. 28 tweets, most exchanges...
5 Lessons From the Stunning Implosion of SBF and FTX
It turns out Sam Bankman-Fried wasn’t “the next Warren Buffett.” Just six months ago I was in The Bahamas at the FTX/SALT conference, where Sam was treated like Taylor Swift. He chat...
Troubled FTX plans to resume payments to employees
The cryptocurrency exchange FTX and its partner companies, which have applied for bankruptcy court protection in the United States, announced that the majority of their subsidiaries would begin ...
Serum (SRM) Backs Community Hard Fork Plans After FTX Collapse
Serum (SRM) – the Solana-based DEX protocol launched in part by FTX – is seeking a fresh restart after FTX’s fallout left the project’s security permanently compromised. The new project – called Open...
FTX hits Asian markets hard as Korea, Hong Kong, Taiwan investors devastated – SlateAsia #1
Introducing SlateAsia, a new podcast from CryptoSlate focusing on the Asian markets within the crypto industry. CryptoSlate’s Akiba is joined by Jason Fang of Sora Ventures for the bi-weekly sho...
This Week on Crypto Twitter: Genesis in the Spotlight as FTX Shockwaves Subside
Judging by the glass-half-full price action this week, the worst of the damage from FTX’s historic collapse may be behind us—but this being crypto, nothing is certain. This week, heads turned towards...
Sam Bankman-Fried gives first-ever audio interview since FTX collapse
Following the collapse of the FTX crypto exchange, former CEO Sam Bankman-Fried (SBF) has been interviewed for the first time, where he denies any wrongdoing. According to SBF, contrary to public all...
3AC Co-Founder Zhu Su Criticizes FTX, Alameda Of Crypto Market Manipulation
Three Arrows Capital’s co-founder Zhu Su on Tuesday criticized FTX and Alameda Research for using lenders’ money to bailout them out. Zhu Su also pointed out that Sam Bankman-Fried and BlockFi accused...
Billionaire Mark Cuban Reveals Crypto Outlook After FTX, Says Sam Bankman-Fried Should Fear Lengthy Stay in Prison
Shark Tank investor and Dallas Mavericks owner Mark Cuban remains long-term bullish on crypto despite the steep devaluation witnessed by the asset class this year. In a new TMZ interview, Cuban says t...
Bankruptcy of crypto exchange FTX in court
The US House Financial Services Committee has announced that it will hold the hearing to investigate the events and timeline related to the collapse of crypto exchange FTX. On 28 November, House Finan...
Over 60% Of Dogecoin Holders Continue To Profit After FTX Crisis
Total bitcoin market capitalization shows that the market is still plagued by fear, uncertainty, and doubt. Despite this, over 60% of Dogecoin holders are profitable, per CoinMarketCap data, in the mi...
Bankrupt BlockFi Wants Bankman-Fried’s $520M Robinhood Stake
Crypto lender BlockFi has sued a Sam Bankman-Fried holding company over his Robinhood stock, just hours after the crypto lender filed for bankruptcy. Bankman-Fried pledged the shares to BlockFi as col...
FTX Group Resumes Salary Payments But There’s a Catch: Report
It’s been nearly three weeks since FTX first froze withdrawals on the 11th of November and initiated bankruptcy proceedings. However, clients and creditors of the battered exchange have not been the o...
Report Reveals FTX Approaching Local Banks For Investment – crypto.news
Reports are emerging that the defunct FTX crypto exchange pitched local banks to invest their funds in the exchange to get reasonable returns. The latest revelation was made public today via an articl...
Crypto Lender BlockFi Bankruptcy:Failure Of FTX Cripple BlockFi
Crypto Lender BlockFi Bankruptcy Live Updates In a press statement by Mark Renzi, Managing Director of Berkeley Research Group, it says, “BlockFi has worked to positively shape the cryptocurrency indu...
FTX reportedly used Alameda’s bank accounts to process customer funds
The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Researc...
BlockFi takes action to protect clients from FTX collapse
It was the management team at BlockFi that was responsible for not wasting a single valuable moment and took the opportunity to create and implement alternate methods and measures so as to be able to ...
Why Fundstrat Still Sees Bitcoin Hitting $200,000, Despite FTX Meltdown
Bitcoin has already lost more than 76% of its November 10, 2021 all-time high value (ATH) of $69,044 when its overall market capitalization reached $1 trillion. The digital asset is enduring quite a c...