The Canadian cryptocurrency exchange Bitvo has terminated the proposed acquisition transaction it had with the FTX in order to preserve its standing as an autonomous company. Pateno Payments, which ...
Tag: FTX
FTX bankruptcy filings highlight ‘complete failure of corporate controls’
Fresh FTX bankruptcy filings called out Sam Bankman-Fried and the rest of the failed crypto exchange’s leadership for a “complete failure of corporate controls” and cited the former ...
Pantera CEO says the impact of FTX collapse will be “insignificant”
On the 11th of November, CEO of Pantera Capital Dan Morehead stated in his tweet that the impacts of FTX’s bankruptcy will be “insignificant.” He believes that the important story is the derivatives e...
Investors File Lawsuit Against Celebs Who Promoted FTX
Exchange News The investors describe FTX and its linked businesses as a real ponzi scheme. The lawsuit was filed in Florida’s Southern District Court by two major law firms. To recoup their losses, a ...
FTX collapse sees Bitcoin, Ethereum to be shorted the second and third-most amount
On-chain data shows that Bitcoin(BTC) is currently the third-most shorted cryptocurrency ever, while Ethereum(ETH) stands as the second-most shorted. Source: Glassnode Analyzing the average funding ra...
Gary Gensler Wants More Crypto Control After FTX Debacle
The drama behind the now failing digital currency exchange FTX is getting larger, and it’s giving Gary Gensler – the man behind the Securities and Exchange Commission (SEC) an excuse to deepen his inv...
Solana’s close ties to FTX cause financial and structural damage
The fallout from the implosion of FTX is being felt across the crypto industry, with firms supposedly rescued by the exchange now being dragged under along with their erstwhile ‘savior,’ Sam Bankman-F...
Who sold the most BTC in the aftermath of the FTX collapse? 10yr holders sell at highest ever rate
Aside from wiping out billions from the global market cap, the collapse of FTX also wiped out the confidence of even the most convinced Bitcoin holders. The market saw aggressive selling pressure last...
BlockFi Mulls Bankruptcy Filing and Layoffs in Wake of FTX Collapse, Met With Binance
In brief BlockFi has retained an advisor to look into a possible Chapter 11 bankruptcy filing, has approached Binance for help, and is looking at likely layoffs, sources told Decrypt. The crypto lende...
Why is Budblockz in the Sights of FTX Token Investors?
SPONSORED POST* Investors are fast learning to diversify their portfolios considering the current bearish trend. Those who understand how to navigate the waves of volatility and execute short trades c...
Australia Suspends Financial Services License of Local FTX Entity – Coinotizia
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to p...
After FTX, BlockFi, These Exchanges May Also Land in Deep Trouble!
As strong and well-established platforms are rumoured to be exposed to the FTX collapse, the contagion is just spreading out. Initially, Crypto.com was rumoured to go bankrupt but in a recent update B...
Crypto Market Fundamentals Remain Stable Following FTX Collapse
On Nov. 17, crypto compliance company Chainalysis posted a market update, and it was not all doom and gloom. The firm acknowledged that other companies may face insolvency issues in the wake of last w...
FTX users could get 40% of their deposits back, only if…
FTX users could get half of their deposits back They will need to be patient because bankruptcy proceedings can take too long to complete Sam Bankman-Fried (SBF) officially filed for Chapter 11 bankru...
Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees – Bitcoin News
Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to ...
Cardano Founder Says It’s A Joke to Put FTX Fall On Binance
– Advertisement – Hoskinson described plans to put Binance under congressional scrutiny as a joke. Cardano founder Charles Hoskinson has reacted to reports stating that Binance’s role in t...
Singapore’s Temasek writes off $275M FTX investment, had misplaced belief in Sam Bankman-Fried
Singapore-owned investment fund Temasek said it was writing off its $275 million investment in the bankrupt crypto exchange FTX, according to a Nov. 17 press statement. According to the fund, it had ...
Circle Reveals FTX Exposure, Says USDC Conversions on Binance Have Hurt Projections
The collapse of FTX and automatic conversions of USD Coin on Binance will cause Circle’s performance to be “materially lower” than the projections it made in February, the company said in a new regula...
What role did Binance play in the FTX crash?
The US Congress is currently looking into how much influence Binance had in the collapse of FTX. FTX was a US exchange. Actually, it was two exchanges, one international, FTX.com, and one dedicated ex...
Tom Brady, Gisele Bundchen, and Steph Curry among celebs sued over FTX ‘Ponzi scheme’
A number of high-profile celebrities, including comedian Larry David and tennis star Naomi Osaka, are suffering a hit to their reputations after endorsing the bankrupt crypto exchange FTX. Now, their ...
Coinbase Shares Insight on Crypto Industry Following FTX Bankruptcy
The Coinbase analysis of the current market spills a very troubling outlook for Bitcoin (BTC) miners in the space. American multinational digital currency trading platform Coinbase Global Inc (NASDAQ...
Is Genesis the latest victim of the FTX contagion? Here’s the unsaid truth
Genesis announced it was pausing its withdrawals but other features running A couple of crypto projects have come out to state their exposure or lack of it to Genesis Another blow has been dealt to th...
Ripple CEO Suggests FTX Was Fraudulent
Alex Dovbnya Ripple CEO Brad Garlinghouse believes that the failed FTX cryptocurrency exchange might be a fraudulent scheme During a recent interview on CNBC International, Ripple CEO Brad Garlinghous...
Singapore’s Temasek To Write Off $275M FTX Exposure
Editors News Notably, between October 2021 and January 2022, Temasek contributed $275M. Similarly, The Sequoia Capital team made the decision to fully write down last week. Organizations are continuin...
Crypto Lender SALT Halts Withdrawals After FTX Collapse
Crypto lending platform SALT said it is halting withdrawals today, the latest firm to do so amid the FTX-sparked contagion sweeping across the cryptocurrency landscape. “The collapse of FTX has ...
FTX Collapse Hits Asian Retail Trader Pockets the Hardest
It is hard to ascertain how many people have lost money due to the FTX collapse. However, data suggests that a lot of them are based in Asia. FTX International served clients outside of the United Sta...
Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings
“The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been committed” with respect to the group, said the document filed in the U.S. Bankruptcy Co...
SBF Won’t Stop Tweeting, Now Claims FTX US ‘Had Enough to Repay All Customers’
Despite the collapse of FTX, the exchange’s ex-CEO Sam Bankman-Fried continues to tweet. Today on Twitter the embattled businessman asserted that FTX US had enough to “repay all customers”—at least as...
Singapore’s Temasek Says FTX Investment Now Worth Nothing
As the remains of FTX continue to circle the drain amidst a storm of cryptic tweets from the former CEO, more and more firms have taken the necessary measures to clear the air, announcing their lack o...
“We Got Overconfident And Careless”- FTX Founder SBF
FTX founder Sam Bankman-Fried aka SBF is carrying on with his weird tweets that started two days back. In his recent tweet SBF accepts he got carried ahead with all fame and glory leading to his overc...
FTX collapse was a ‘dumpster fire,’ says US lawmaker announcing investigative hearing
Members of the United States House Financial Services Committee have scheduled a December hearing aimed at exploring the collapse of crypto exchange FTX and “broader consequences for the digital asset...