FTX, the once-dominant crypto exchange has failed just as the cryptocurrency market was beginning to see “an emerging bullish setup”. This followed significant deleveraging in May and June that left f...
Tag: FTX
Fed President Says Entire Notion of Crypto Is Nonsense Following the Controversial Implosion of FTX
The President of the Federal Reserve Bank of Minneapolis says that the whole notion of digital assets can be discarded following the collapse of prominent crypto exchange platform FTX. Fed President N...
FTX Accused of Keeping Bitcoin’s Price Down – Trustnodes
The rumor mill is accusing the now bankrupt crypto exchange FTX of selling bitcoin to buy other cryptos related to FTX. Their bitcoin holdings show a significant plunge in BTC assets during May last y...
FTX Drainer Wallet Now 27th Largest in Terms of ETH Holdings
9 seconds ago | 2 mins read Exchange News More than 22,212 Ethereum have been added, putting the wallet in 27th place. There are also a lot of FTX-related ERC20 tokens stored at the address. The Ether...
Sam Bankman-Fried Personally Collected $300,000,000 After Raising Funds for Bankrupt FTX Last Year: Report
The disgraced founder of FTX reportedly personally took in hundreds of millions of dollars last year after a funding round for the embattled crypto exchange. According to a new Wall Street Journal rep...
Here’s What’s Happening to Crypto Stolen from FTX
Alex Dovbnya The cryptocurrency funds stolen from the FTX exchange are currently on the move, according to blockchain sleuth Chainalysis According to blockchain sleuth Chainalysis, funds stolen from t...
FTX funds on the move as thief converts thousands of ETH into Bitcoin
According to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from ETH into Bitcoin. On Nov. 20, Chainalysis took to Twitter to encourage exch...
$333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection – Bitcoin News
While it’s widely reported that hundreds of millions of dollars in Ethereum-based tokens were siphoned from the FTX wallet after the company filed for bankruptcy on Nov. 11, 2022, another $333 million...
FTX hacker swaps millions in ETH for RenBTC Tokens
FTX makes headlines once again. Early on November 20th, whoever was responsible for the $600 million crypto exchange FTX hack began trading millions of dollars worth of ether for Ren Bitcoin (renBTC)....
Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review – Coinotizia
With the colossal collapse of crypto exchange FTX in recent weeks, excitement in the world of cryptocurrency and finance has been in no short supply. Former FTX CEO Sam Bankman-Fried’s private jet was...
FTX Owes Its 50 Biggest Unsecured Creditors More Than $3 Billion
(Bloomberg) — Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news. Most Read from Bloomberg Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecu...
FTX owes almost $3.1 billion to its top 50 creditors, filing says
Embattled cryptocurrency exchange FTX owes more than $3 billion to its top 50 creditors. A filing from its Chapter 11 bankruptcy protection proceedings on Saturday revealed the amount owed the u...
Bankman-Fried’s FTX Was a Wild West And a Personal Bank
It was the Wild West. A place where everything was acceptable. Everything was allowed and there was no control to call to order those who went too far. There was no red line. The CEO considered the ...
‘FTX Accounts Drainer’ Offloads 50,000 ETH, Entity Uses Ren’s Bitcoin Gateway to Acquire BTC – Bitcoin News
The ethereum wallet known as the “FTX Accounts Drainer” has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held...
FTX Launches Strategic Review of Assets as Hacker Dumps ETH
Bankrupt FTX has launched a strategic review of all its assets to see how they can be recovered for maximum value for its stakeholders’ benefit. A Nov. 19 press statement from the bankrupt crypto exch...
FTX Hacker Finally Starts Liquidating Huge Amount Of Ethereum!
The 2nd largest digital asset in terms of market capitalization seems to get trapped amid the ongoing FTX-Alameda drama as the collapse of FTX and its hack of the security system of over $600 million ...
Ethereum Dips Below $1200 as FTX Drainer Swaps 5K ETH For Bitcoin
Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours. This happens as the FTX account drainer is swapping ETH for wrapped Bitcoin. Data from the ...
FTX Collapse Is Yet Another Nail In The Coffin For…
The volatility of the crypto industry was laid bare for all to see earlier this month when FTX went from being one of the top three cryptocurrency exchanges to filing for bankruptcy within the space o...
Ripple considers FTX trades Garlinghouse
It has been claimed that the CEO of Ripple, Brad Garlinghouse, is considering purchasing key aspects of the defunct cryptocurrency exchange FTX. Garlinghouse told The Sunday Times that former FTX CEO ...
Binance CEO Changpeng Zhao Says Sam Bankman-Fried ‘Clearly’ Lied to FTX Users, Investors and Employees
Binance CEO Changpeng Zhao is unveiling more details about the call he had with Sam Bankman-Fried as the FTX founder scrambled to rescue his ailing crypto exchange. In a new CNBC interview, Changpeng ...
FTX Starts Strategic Review and Seeks the Court for Approval to Pay Important Vendors
42 mins ago | 2 mins read Editors News FTX said on Saturday that it has started a strategic evaluation of its worldwide assets. Debtors of FTX are in discussions with financial services company Perell...
Ether under pressure as ‘FTX Accounts Drainer’ cashes out for bitcoin
After consecutive days of swapping cryptocurrencies drained from FTX for ether, the so-called “FTX Accounts Drainer” is now swapping its ether stack for bitcoin — and putting downward pres...
The FTX Sex Tape Leak: What’s Happening Now?
Join Our Telegram channel to stay up to date on breaking news coverage After a lot of buzz revolving around an alleged sex tape involving the infamous founder of FTX exchange, Sam Bankman-Fried and Al...
Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review – The Weekly Bitcoin News
With the colossal collapse of crypto exchange FTX in recent weeks, excitement in the world of cryptocurrency and finance has been in no short supply. Former FTX CEO Sam Bankman-Fried’s private jet was...
Mercedes F1,Miami Heat and ICC Suspends Sponsorship with FTX
According to some data, FTX venture has invested in more than 150 companies. Sam Bankman-Fried was among the youngest billionaires globally. FTX Exchange was among the top three crypto exchanges in...
Ripple CEO Plans to Acquire Some FTX Businesses
Ripple might be interested in buying some of the assets of the recently bankrupted exchange FTX, The Sunday Times reported. According to the report, Ripple CEO Brad Garlinghouse said he would like to ...
Understanding the FTX Fallout From the Eyes of a Bitcoiner
The cryptocurrency world is no stranger to high-profile blowups and cults of personality, and there have been several this year alone. But even by crypto standards, the FTX story is notable for the sh...
GBTC Bitcoin discount nears 50% on FTX woes as investors stock up
The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel...
‘Everyone’s learning crypto bankruptcy right now.’ The FTX crash is set to be a ‘gold rush’ for lawyers
The spectacular collapse of cryptocurrency exchange FTX has been compared to the collapse of Lehman, Enron and the Bernie Madoff scandal. And just like in those cases, lawyers steeped in crypto know “...
FTX Sends Crypto Reeling. The Whales Move in to Profit.
Cryptocurrency markets have been slammed by the sudden bankruptcy of FTX. But amid the carnage, some big traders—whales—were buying. Bitcoin the largest crypto, was plumbing two-year lows at $16,600 o...
Why One Asset Manager Avoided FTX Before the Storm: Bitwise Q&A
(Bloomberg) — The cryptocurrency industry has been rocked by the implosion of the once-popular FTX exchange, whose downfall has brought down a number of firms and maimed or destroyed many others...