The shock-waves sparked by the FTX and Alameda’s fallout have awakened regulators’ attention on centralized cryptocurrency exchanges. While the timeline for recovering FTX assets may take years, globa...
Tag: FTX
Fresh Report Names Top 3 Countries Affected by FTX Collapse, but There’s Catch
Three Asian countries have been singled out for being hit the most by FTX’s unfortunate collapse. Crypto market data analytics firm CoinGecko has just published a report on the impact of the FTX colla...
FTX Group has cash balance of $1.24 billion, new bankruptcy filing shows
FTX Group, which filed for Chapter 11 bankruptcy protection on Nov. 11, has a combined cash balance of $1.24 billion, according to a new court filing. The filing, submitted late Monday by FTX Gr...
Texas Probes Into the Endorsements of FTX by Celebrities
Bitcoin News Steph Curry and Tom Brady are currently being investigated. Rotunda said his staff is still creating a list of relevant people based on recent court filings by FTX’s current CEO. The Te...
Sam Bankman-Fried’s Crumbling FTX Empire Holds $1.2B Cash Reserves
About $751 million of that is held in debtor entities and the rest, $488 million, is in non-debtor entities, according to the document, filed on Monday by FTX’s proposed financial advisor, Alvar...
FTX crisis leads to record inflows into short-investment products
Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chi...
FTX Hacker Moves $199 Million Worth of Ethereum (ETH) to Different Wallets
Alex Dovbnya The FTX wallet drainer has transferred roughly $200 million worth of Ethereum (ETH) to various addresses According to data provided by blockchain security firm PeckShield, the hacker who ...
See What Does The CEO of VISA Said on “FTX Disaster”
In a recent interview with CNBC on November 18, 2022, Visa CEO Al Kelly and incoming CEO of VISA, Ryan McInerney, discussed their company’s relationship with the cryptocurrency exchange platform, Coin...
FTX Collapse Similar to Enron Than Lehman Brother- Lawrence Summers
Lehman Brothers was an American financial firm whose bankruptcy led to recession. Enron’s collapse is also in the category of one of the biggest collapses in the market. Lawrence Summers is a well-k...
Were FTX and SBF Massive Profit Claims Fact or Fiction?
Before the epic fall of his crypto empire, FTX CEO Sam Bankman-Fried (SBF) boasted about massive profits. However, new findings reveal that his companies may have lost big bucks. According to a motion...
FTX hacker splits nearly $200M in ETH across 12 wallets
The hacker behind the theft of more than $447 million of crypto from the crypto exchange FTX has been again spotted moving their ill-gotten funds. According to Etherscan data, between 4:11 to 4:17 pm...
Ethereum Plunges 7% as ‘FTX Drainer’ Dumps ETH for Bitcoin
Ethereum has slipped over 7% on the day as the attacker who purportedly drained FTX wallets dumped a significant portion of their accumulated ETH and traded it for Bitcoin. Over the weekend, per block...
Ripple to acknowledge deals for FTX assets: CEO
The chief executive officer of Ripple, Brad Garlinghouse wants to purchase some portions of the bankrupt crypto exchange FTX. Sam Bankman-Fried interacted with Brad Garlingson two days prior to the c...
FTX Says It Owes Over $3 Billion to Its 50 Largest Creditors
Cryptocurrency exchange FTX said it owes $3.1 billion to its top 50 creditors, according to documents filed Saturday in Delaware bankruptcy court. Even though the filing did not disclose the names of ...
As the FTX collapse highlights diversification, Decentraland DAO considers pausing grants
Join Our Telegram channel to stay up to date on breaking news coverage The metaverse platform’s community decision-making tool, the Decentraland DAO, is holding a vote on whether to stop its grants pr...
Bitcoin Shorts Hit Two-Year Record As The FTX Collapse Makes Waves, CoinShares Reports
As bad news regarding FTX’s bankruptcy keep appearing in crypto (and mainstream) media, investors have rushed to bet against bitcoin and the crypto market, with bear positions hitting two-year highs. ...
BudBlockz Set To Step Up Its Game as FTX Token Crashes
In the past decade, cryptocurrencies have grown beyond just a virtual store of value into a system for several practical use cases. This evolution is partly due to the introduction of decentralized fi...
DeFi Is the Answer to the FTX Crisis—But We Must Get Better at Communicating It
About the Author The Index Coop is a decentralized autonomous organization (DAO) and the largest provider of on-chain structured decentralized finance (DeFi) products. For those of us building in dec...
FTX Japan to Enable Customer Withdrawals Before the End of 2022 (Report)
Despite the ultimate crash of FTX, the Japanese subsidiary of the company reportedly plans to allow client withdrawals by the year’s end. The fiasco of Sam Bankman-Fried’s exchange became one of the m...
FTX Asks Other Exchanges to Help Secure and Return Lost Funds
FTX called on its fellow crypto exchanges for help on Sunday, pointing out that funds siphoned from the befallen exchange are being transferred to other entities through intermediate wallets. The now-...
After the FTX crash, some urge for a return to bitcoin’s decentralized beginnings to safeguard financial assets
Join Our Telegram channel to stay up to date on breaking news coverage During these difficult times, as rumors fly about how much cryptocurrency will be worth following the catastrophic collapse of th...
FTX to Sell or Restructure Global Empire, According to CEO
Following its epic collapse, FTX now looks to restructure or sell out to the highest bidder amid investigations and bankruptcy filings. According to new FTX CEO John Ray, the embattled crypto exchange...
FTX was under US prosecutors radar before collapse
The Attorney’s Office of the Southern District of New York was investigating FTX months before its collapse The investigation was related to United States Bank Secrecy Act The most infamous crypto exc...
Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence
Bitcoin (BTC) dropped to the $15,500 level, nearing a two-year low, amid a gloomy market climate following the FTX collapse. The largest cryptocurrency by market capitalization was trading as low as $...
This Week on Crypto Twitter: Further FTX Fallout
Illustration by Mitchell Preffer for Decrypt This week, Twitter served as a public confessional where the many crypto companies affected by FTX’s sudden, historic collapse came forward to declare just...
FTX Comes Clean And Admits That It Owes Over $3 Billion To Its 50 Biggest Creditors ⋆ ZyCrypto
Advertisement     A new court filing from embattled FTX shows the exchange owes creditors over $3 billion. The single biggest creditor is owed a staggering $226 millio...
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’ – Featured Bitcoin News
Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” ...
US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify
The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of...
Court filing shows that FTX owes top 50 creditors $3.1 billion – crypto.news
According to circulating reports, FTX owes close to $3.1 billion to only its top 50 creditors. This information is courtesy of FTX’s recent bankruptcy court filings. While the bankruptcy proceedings a...
Derivative DEXes Are Banding Together To Restore User Trust
Decentralized exchanges Drift Protocol, GMX and Perpetual Protocol are partnering with Nansen to design a new analytics dashboard, hoping to restore user faith after the FTX fallout. The latest dashbo...
Aave and Uniswap Show How DeFi Keeps Working Amid FTX Crisis
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) FTX’s complete collapse in the span of two weeks has been nothing short of astonishing. Even Enron’s liquidator, who’s b...