Topline Shares of Coinbase fell Friday after analysts downgraded the stock and warned crypto contagion risk could spread to the firm after the collapse of rival exchange FTX, and though analysts aren&...
Tag: FTX
Bahamian Securities Regulator Confirms Ordering Transfer of FTX Funds
On November 15, FTX filed for bankruptcy in a court in New York to pursue US acknowledgment of the Bahamian liquidation processes. Just when you thought FTX’s drama couldn’t be any more interesting, i...
FTX backed Genesis Block to close trading network
FTX-backed Singapore exchange Genesis Block is all set to close its trading network. As per the report, the Asian top bitcoin ATM network has announced that it has halted trading after the collapse of...
Tucker Carlson on FTX: It was clearly a Ponzi
Fox News host Tucker Carlson has slammed FTX as a scam, one that was “clearly a Ponzi”. In the latest FTX-related cryptocurrency news, Carlson says that those charged with flagging it, and doing somet...
What are the Crypto Tax Implications for Investors From the FTX Collapse?
What about a personal casualty loss deduction? Personal casualty losses have been suspended until the end of 2025, according to 2018’s Tax Cuts and Jobs Act, unless the loss is related to a federally ...
Genesis Block HK has more than $50 million stuck on FTX: Source
Genesis Block HK, a crypto over-the-counter (OTC) trading firm based in Hong Kong, has funds stuck in the now-bankrupt crypto exchange FTX, two people with knowledge of the matter told The Block. ...
Aid For Ukraine Denies Sending Funds With FTX To Democrats
The second crypto exchange in the world, FTX, collapsed taking down several companies in the fallout. The contagion negatively impacts companies, projects, and hedge funds and could have consequences ...
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit – Exchanges Bitcoin News
A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against the company. The suit would be led by Ray Nasser, CEO of Arthur Mining, and will be broug...
FTX Collapse May Bring Bull Market Faster, Says Prominent Trader
Alex Dovbnya Murad Mahmudov has put a positive spin on the ongoing cryptocurrency market collapse Prominent cryptocurrency trader and market analyst Murad Mahmudov has opined that the headline-grabbin...
Ontario Teachers’ Pension Plan to write down $95 million FTX investment to zero
The Ontario Teachers’ Pension Plan (OTPP), one of the most important pension funds in the world, will write down all of its $95 million investment in FTX and FTX US. The OTPP had invested ...
Multicoin Capital Reportedly Has $835M Exposed to FTX
5 hours ago | 2 mins read Editors News The FTX crash has caused the fund to fall by a startling 55% over the previous month. Multicoin Capital reportedly chooses to write down FTX to zero. The FTX out...
Crypto hacker also causes damage to FTX
As early as November 12, FTX officials confirmed rumors of a hacker attack on the collapsing crypto’s Telegram channel and instructed customers to delete FTX apps and avoid its website. Specifically,...
Was FTX Hack Fake? Bahamas Regulator Take U-Turn
FTX HACK NEWS: As the FTX contagion is expanding, the regulators are taking U-turn from their prior claims. According to a media release shared by the Securities Commission of The Bahamas, the watchdo...
Does The FTX Bankruptcy Change Crypto Calculus In Your Retirement Account?
NurPhoto via Getty Images The collapse of the cryptocurrency exchange FTX sent ripples through the trading markets. And more. It’s a story that involves politicians, celebrities and, quite possibly, g...
Nickel Digital has around $12 million stuck on hobbled crypto exchange FTX
Crypto investment firm Nickel Digital Asset Management has around $12 million of its funds’ capital stuck on FTX after the exchange halted client withdrawals and filed for bankruptcy protection....
FTX Group establishes Kroll to update users on legal proceedings – crypto.news
\n FTX Group has created a Kroll webpage to update the world on its legal proceedings after the company filed for Chapter 11 Bankruptcy. The webpage will be available for the public to access all offi...
Nansen Report Suggests Deep Link Between FTX Fall and Terra Crash
2 hours ago | 2 mins read Editors News FTX’s plan to keep Alameda afloat began to unravel around the time TerraUSD crashed. At least $5 billion of Alameda’s assets were discovered to be FTX Tokens. Ac...
FTX founder accidentally described Ponzi scheme months before crash
Months before the cryptocurrency market crisis that followed the liquidity crunch at the crypto trading platform FTX, its now-former CEO had unintentionally described crypto staking or yield farming a...
Scaramucci’s SkyBridge Reportedly Bought $10M of FTT in Acquisition Deal With FTX
SkyBridge Capital, the asset management firm of American millionaire investor Anthony Scaramucci, sold 30% stakes to the now-bankrupt Sam Bankman-Fried’s crypto empire FTX in September before the exch...
Crypto Experts Suggest To Invest In Flasko (FLSK) Instead of FTX Token (FTT) and Stellar (XLM)
The current period is the best time to purchase various cryptocurrencies because it is anticipated that the market slump will drastically diminish or end in the following year. Nevertheless, the circu...
FTX Advisers Find Only $740 Million in Crypto, While Liquidity Gap Stands at $8 Billion
Yuri Molchan Advisers who oversaw Enron bankruptcy, say FTX case is much worse Contents Only “fraction” of FTX’s funds found Homes and personal items bought with FTX funds Bloomberg has reported that ...
UK Lawmakers Still Concerned about Possible Role of Binance in FTX Collapse
The alleged lack of transparency from Binance in the investigation is poised to influence upcoming UK crypto regulations. United Kingdom (UK) lawmakers are looking to find out the role of top cryptocu...
Bahamas Government Says It Ordered SBF to Hack FTX
Key Takeaways Sam Bankman-Fried conducted last week’s nine-figure FTX hack under the instruction of the Securities Commission of The Bahamas. FTX has filed a motion with the court claiming the Commiss...
SBF received $1B in personal loans from Alameda: FTX bankruptcy filing
Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange. A formal declaration in ongoing...
CK Zheng Speculates FTX Is Last to Wash Out in This Stressful Crypto Winter
2 hours ago | 2 mins read Exchange News The Co-founder of a Hedge fund points to FTX’s decline. He says, “FTX will be the last to wipe out in this bearish market. Crypto winter is yet to wash away al...
Community fears FTX implosion might affect Grayscale
Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion. According to Ycharts data, GBT...
Avalanche Founder Says Company Has ‘Very Little Exposure’ to FTX
While the crypto world continues to navigate the fallout from the collapse of FTX, Ava Labs says it dodged the bullet. “We had very little exposure, and we’re grateful for it,” Ava ...
Why did FTX collapse? The story of the collapse
Two weeks ago now, the famous crypto exchange FTX and its native token FTT collapsed precipitously, reaching 85% losses with severe liquidity crises: but why did the exchange collapse? All of this cle...
Multicoin Capital to Write Off All Its FTX Positions
The crypto market’s downward movement for the year 2022 started from the Terra (LUNA) crash. While the market was still recovering where Bitcoin was gradually moving above, the FTX-Alameda crisis made...
FTX Downfall Probably Sparked By The Collapse Of Terra
In his first court filing, new FTX CEO and bankruptcy trustee John Ray III revealed yesterday an even greater extent of the fraud and chaos behind the collapse. “Never in my career have I seen such a ...
Crypto Lender Vauld Eyeing Merger Post $10M Exposure to FTX
8 seconds ago | 2 mins read Exchange News Vauld relied heavily on FTX to process transactions for its users. It said that if the transaction falls through, they would investigate alternative options. ...