Many crypto exchanges have failed in the past, losing client funds and causing many people to lose the money they had on the exchange. Crypto exchanges failing, unfortunately, is not an uncommon event...
Tag: FTX
The curious case of FTX and Farmington State Bank, aka Moonstone
In bankruptcy filings, crypto exchange FTX revealed a curious connection to stablecoin Tether through a small bank in rural Washington. Farmington State Bank is in fact the 26th smallest bank in the U...
Binance CEO “CZ” Reveals Plans On FTX, Industry Recovery Fund
Binance CEO Changpeng “CZ” Zhao in an interview with Bloomberg on Thursday answered questions on FTX contagion, Coinbase reserves, industry recovery fund, etc. He believes there will be some contagion...
Elon Musk Trolls SBF Says He Was Better At ‘Bribing The Media’ Than Running FTX
– Advertisement – Musk trolls SBF and asserts he was better at bribing media platforms than running his exchange. In a tweet today, Elon Musk trolled former FTX CEO Sam Bankman-Fried, alle...
Recovered $740 M From The Failed Cryptocurrency Exchange FTX
FTX Sam Bankman-Fried Live Updates and Latest News: Samuel Bankman-Fried, popularly known as SBF is the co-founder and former CEO of the Bahamas-based exchange FTX. FTX was one of the leading exchang...
Binance CEO ‘CZ’ Discusses Several Topics Post FTX Fall
13 seconds ago | 2 mins read Exchange News There will be some ripple effect, he predicts, from the FTX crypto exchange’s demise. CZ acknowledged putting aside roughly $1 billion initially to acquire t...
Exec claims FTX crisis will show who the ‘survivors’ are
Following FTX’s collapse, the calls for stronger and tighter regulations are certainly getting shriller. At the same time, industry leaders are cautious yet hopeful about the future of the crypto-indu...
US lawmakers ask DOJ hold FTX execs accountable ‘to the fullest extent of the law’
Two Democratic members of the United States Senate have called on the Justice Department to investigate the collapse of FTX and potentially prosecute individuals involved in wrongdoing. In a Nov. 23 l...
Is OANDA the Best FTX Alternative
Join Our Telegram channel to stay up to date on breaking news coverage Many crypto traders are now looking for FTX alternatives, i.e. safe trading platforms for cryptocurrency with no insolvency issue...
China Was One Of The Biggest Clients Of FTX, Bankruptcy Filing Shows
China and FTX share one thing in common: crypto clients. The Chapter 11 Bankruptcy filing of the cryptocurrency exchange platform FTX continues to reveal some valuable information about the company th...
The Tragic FTX Saga And Fall Of Sam Bankman-Fried
FTX Sam Bankman-Fried Live Updates and Latest News: Samuel Bankman-Fried, popularly known as SBF is the co-founder and former CEO of the Bahamas-based exchange FTX. FTX was one of the leading exchang...
Binance targets $1 billion for ‘industry recovery fund’
Crypto exchange operator Binance is aiming to amass around $1 billion for its recently announced “industry recovery fund.” CEO Changpeng “CZ” Zhao discussed the plan on B...
South Korea Revamps Crypto Regulations To Prevent FTX and Terra Repeat
South Korean politician of the People Power Party, Yoon Chang-hyun, proposed amendments to the digital asset safe transaction bill as he believes the existing bill does not guarantee user protection g...
Binance CEO “CZ” Discusses FTX Contagion, Recovery Fund, Voyager Bid
Crypto News Today Live Updates November and Latest News: (24 November 2022) The global digital asset market managed to record recovery for the straight second day after the major dump. The total crypt...
Sam Bankman-Fried says he is ‘deeply sorry’ for collapse in letter to FTX team
Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse. In a Nov. 22 letter reviewed by Cointelegraph, Bankman-F...
Bahamas Securities Regulator Blasts ‘Inaccurate’ Accusations Made by FTX
Sam Bankman-Fried’s collapsed crypto enterprise, under new leadership, has kicked off insolvency proceedings in the U.S. Bankruptcy Court for the District of Delaware. Shortly after the company ...
Updates on FTX Saga and SEC Case Major Determinants of XRP $0.40 Reclamation
– Advertisement – XRP seeks to reclaim the $0.40 price level, but its success on this journey looks hinged on updates from the FTX saga and Ripple’s case with the SEC. XRP has struggled to...
Elon Musk Believes SBF Is Better at Bribing Media Outlets Than Running FTX
Twitter’s new CEO – Elon Musk – thinks Sam Bankman-Fried is much better at “bribing media” than managing a cryptocurrency platform. The South African entrepreneur also dismissed the rumors that FTX’s ...
Bahamas regulator defends FTX actions as bankruptcy tensions mount
The Bahamas’ financial regulator has defended its treatment of FTX in the face of allegations it gained unauthorized access to the failed crypto exchange’s systems. The Securities Commission of...
MiCA would have limited impact on FTX breakdown, says MEP Ondrej Kovarik
The dramatic collapse of FTX crypto exchange has turned regulators’ heads around the world. In the European Union, many policy experts came forward claiming that the bloc’s highly anticipated Markets ...
FTX Founder Will Make First Public Appearance After Bankruptcy
Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX will be speaking at the New York Times’ annual DealBook Summit next week, as per the earlier schedule. SBF himself confirmed th...
Mike Novogratz Expects Trust to Slowly Return After FTX Failure
The CEO of Galaxy Digital expects a slow grind to build trust with clients as back-to-back black swan events hit the crypto industry. In an interview with CNBC, Mike Novogratz, the CEO of Galaxy Digit...
Unhappy Holders Selling FTX Token (FTT), Orbeon Protocol (ORBN) Prices Up 125% In Presale
Changpeng Zhao or ‘CZ’ as he is called in the crypto community, announced he isn’t interested in buying FTX tokens (FTT) as FTX and Alameda Research filed for Chapter 11 bankruptcy and he doesn’t want...
Crypto Survived MtGox and it Will Survive FTX: Chainalysis
On Nov. 24, analytics firm Chainalysis made the Mt.Gox comparison as it was not the first time the crypto world has been shaken due to an exchange demise. Mt.Gox was the first Bitcoin exchange, but it...
FTX Was Doing Billions in Business in Africa
Join Our Telegram channel to stay up to date on breaking news coverage Nestcoin, a startup leading crypto and Web3 activities in Africa, has been linked to the collapsed FTX exchange. With FTX’s bankr...
Turkey Seizes Assets of FTX Founder Sam Bankman-Fried
According to a statement made on Wednesday by the Treasury and Finance Ministry of Turkey, an inquiry has been opened into claims of fraud against Sam Bankman-Fried, the former CEO of the cryptocurren...
Does the FTX collapse really have a silver lining?
While some believe the FTX collapse is the straw that breaks crypto, others say it will strengthen the industry in the long run. Is it just a huge road bump as the world moves to web3, or the cliff’s ...
Former FTX CEO, Sam Bankman-Fried To Speak at New York Times DealBook summit
The post Former FTX CEO, Sam Bankman-Fried To Speak at New York Times DealBook summit appeared first on Coinpedia Fintech News Sam Bankman-Fried, the founder of FTX, announced on Wednesday that he wou...
BitGo to take custody of FTX assets in bankruptcy procedure
Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. Acting CEO John Ray III selected BitGo to take custody of the assets of the crypto exchange...
$740 million in crypto assets recovered so far in FTX bankruptcy
NEW YORK — The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentia...