With the FTX crypto exchange’s collapse, many events erupted in the crypto space. As a result, more of FTX’s investors and partners record massive losses with no potential recovery system. FTX filed f...
Tag: FTX
FTX Japan Preparing to Allow Withdrawals by Year End: Report
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Bankman-Fried deepfake lures FTX customers into giveaway scam
A Twitter account impersonating the founder of bankrupt crypto exchange FTX, Sam Bankman-Fried (SBF), scammed customers into believing they could receive compensation through a fake giveaway, Vice rep...
Top 5 Cryptos to BUY after the FTX Crash
The FTX crash was a major turning point in the crypto market. Due to the massive losses in recent weeks and the loss of confidence in the market, the end of the year should be viewed with pessimism. B...
FTX Hacker Moves 200,000 ETH – Trustnodes
The alleged hacker of FTX has moved to new addresses almost all of the 200,000 eth holdings, leaving just 5,000 eth on the original address. The funds were moved through 12 withdrawals of precisely 15...
FTX calls for help from exchanges to recover lost funds – crypto.news
On Sunday, FTX requested assistance from its fellow cryptocurrency exchanges, pointing out that money stolen from the beleaguered exchange is being transferred to other entities through intermediary w...
FTX owes nearly $3.1B to creditors, lawyers warn about “Enormous Exercise”
Investors are curious as to when they will get their money from the now-defunct cryptocurrency exchange FTX. Unfortunately, insolvency attorneys have cautioned that it might take “decades.” The crypto...
FTX showed the value of using DeFi platforms instead of gatekeepers
The rapid implosion of FTX has led general investors and crypto believers alike to question the validity of crypto and, indeed, predict its end. But, an understanding of history points not to crypto’s...
BoE speculates FTT token fire sale may have sparked FTX collapse, calls for widespread regulation
Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on Nov. 21, where he said that the FTX collapse was triggered by an FTX Token run and that the crypto sp...
Caroline Ellison and the secrets behind the collapse of FTX
The once obscure figure of Caroline Ellison has recently emerged as a major figure behind the apparent success and then surprising collapse of FTX. The exchange, whose token is FTT, has suffered colla...
FTX Crypto Exchange Backed Liquid Exchange Suspends Trading Activities
The FTX insolvency case has placed the crypto exchange in shambles, leading to the Chapter 11 bankruptcy filing. While the proceedings remain on course, customers whose assets are stuck on the platfor...
What Does FTX Tell Us About The State Of Venture Capital?
Sam Bankman-Fried dons a tie to speak at a congressional hearing on digital assets, December 2021. The Washington Post via Getty Images Much has been written about the implications of FTX’s collapse f...
Serum price soars 140% in one week amid FTX ‘exit pump’ fears
Serum, a “decentralized exchange” on the Solana blockchain, has performed exceptionally well in terms of its SRM token price, despite it ties to the defunct FTX exchange. SRM price up 140%...
FTX Owes Its Largest Creditor $226M; Top 50 Owed Total of About $3.1B
“The Top 50 List is based on the Debtors’ currently available creditor information, including customer information that was able to be viewed but is not otherwise accessible at this time,” the documen...
FTX Japanese subsidiary preparing to resume withdrawals by year end: NHK
FTX Japan plans to resume customer withdrawals by the end of the year, according to Japanese public broadcaster NHK. Withdrawals cannot be resumed immediately as the exchange uses the same suspe...
Hacker Converts Thousands of Stolen FTX Funds fom Ether to Bitcoin, Causing ETH Price to Fall
Funds stolen from FTX exchange are being converted and exchanges have been warned to keep their eyes peeled. It appears that the worst is yet to be heard of the controversial collapse and bankruptcy o...
Creditors of the FTX Exchange May Wait for Decades Before Getting Their Money Back
Nov 21, 2022 at 14:00 // News The bankrupt FTX exchange owes billions of dollars to its users, who have now become creditors. However, the lawyers give rather gloomy forecasts and explain that they wi...
Collapsed crypto exchange FTX owes top 50 creditors $3 billion: Filing
The collapse of FTX has sent shockwaves through the cryptocurrency industry. The price of bitcoin and other major digital coins have fallen sharply as problems at FTX emerged. Jakub Porzycki | Nurphot...
FTX Japanese Arm to Resume Withdrawals by Year-End
FTX Japan, the Japanese arm of bankrupt cryptocurrency exchange FTX, is planning to resume withdrawals by the end of this year, according to a report by a local media outlet that cited a statement fro...
This on-chain sleuth and his deep dive into misconceptions around FTX state that…
It’s been two weeks since the Bahamas-based crypto exchange, FTX filed for bankruptcy. Along with the news of the bankruptcy came details about suspicious transactions. In the aftermath of FTX’s coll...
FTX Drainer Swapping Ethereum To Bitcoin; Will ETH Price Drop More?
The global crypto market is trading under increased selling pressure due to the recent FTX collapse and hack. However, the FTX hacker has made it more strenuous for investors to trust the crypto marke...
New FTX CEO Paid $1,300 an Hour, Court Filings Show
John Ray, the seasoned expert brought in to tidy up the wreckage of collapsed crypto exchange FTX, is billing $1,300 per hour for his trouble, court documents filed on Sunday show. Restructuring exper...
Sam Bankman-Fried tries to broker FTX bailout from his Bahamas home
Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Graeme Sloan | Sipa via AP Images Nassau, Bahamas — Despite being pushed out of the cry...
Just 12.1% of Bitcoin supply left on exchanges after FTX crypto crash
Panic is contagious. The cryptocurrency markets showed that this week. As one of the largest exchanges in the world, FTX, were revealed to have “misappropriated” client assets (we put together a “wtf ...
FTX Owes Over $3 Billion to 50 Largest Creditors: Court Filing
Collapsed crypto exchange FTX owes nearly $3.1 billion to its top 50 creditors, as per filing from its Chapter 11 bankruptcy protection proceedings. It was earlier reported that the company may have m...
Here’s what this hedge fund manager thinks of crypto despite the FTX wreck
Pershing Square Capital Management’s founder and CEO, Bill Ackman, stated that cryptocurrency has the potential to tremendously benefit society. However, this was as long as the sector managed to wipe...
New Report Shows South Korea And Singapore Badly Impacted Amidst FTX Contagion
The FTX collapse might prove to be the biggest disaster in the history of cryptocurrency. Since the news of the exchange’s insolvency issue, a lot has happened in the industry. The fallout spread like...
FTX Japan To Resume Withdrawals This Year
Crypto exchange FTX Trading’s Japanese arm FTX Japan plans to resume withdrawals by the end of this year. While the withdrawals are currently suspended, FTX Japan’s executive said on Monday that the t...