Nexo is being sued in London by a family of fintech entrepreneurs who allege that it froze their ability to withdraw up to £107 million ($126 million) of their assets and then intimidated them into se...
Tag: funds
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-...
Genesis fails to raise funds as FTX contagion weighs on DCG-owned company
Crypto brokerage Genesis failed to raise funds and is potentially facing bankruptcy without additional funding, Bloomberg reported Nov. 21. The company is rumored to be seeking a $1 billion cash inje...
Crypto Giant Nexo Sued For Blocking $126M User Funds
According to a recent report, a group of investors is suing crypto lender Nexo in the London High Court on the grounds that the crypto firm prevented them from withdrawing over $126 million in cryptoc...
All Eyes on Hacked FTX Funds, ETH Market
The crypto community is closely monitoring hacked FTX funds. After on-chain analysts observed the FTX hacker, dubbed “FTX Accounts Drainer,” dumping ether for bitcoin, the price of the ether sta...
“Funds stolen from FTX” on the move: A dump will have this effect on ETH
According to recent reports, the FTX hacker has moved the stolen funds to prepare for a dump Some assets were stolen, while others were transferred to the Bahamas Securities Commission According to a ...
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...
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...
FTX Calls Out Other Exchanges For Assistance Over Stolen Funds
The corporation did not disclose the exchanges or wallet addresses associated. Recently the hacker started swapping 30K ETH for BTC and RenBTC. On Sunday, FTX reached out to other cryptocurrency excha...
Bahamas SEC Or Hacker? Stolen Funds From FTX Keep On Moving
The crypto funds stolen from FTX shortly after its bankruptcy filing continue to be transferred. The security firm Chainalysis published a series of tweets in which it drew attention to the transactio...
Lawyers Warn It Could Take Decades To get Funds out of FTX
FTX’s sudden and drastic collapse has resulted in shivers of horror spreading throughout the crypto ecosystem. The Crypto exchange filed for Chapter 11 bankruptcy protection in the US on November 11. ...
Oryen Network Secures All User Funds On Chain Unlike Many CEXs, FTX Declares Bankruptcy Due To Insolvency
With its constant 90% annual percentage yield and 0.177% daily return on investment for holders, Oryen ($ORY) has been experiencing a rapid price increase. Not long after crypto whales like Jim Crypto...
How long could it take getting funds out of FTX owing top 50 creditors almost $3.1 billion
Investors are curious as to when they will be able to get their funds from the now-troubled cryptocurrency exchange FTX, but insolvency lawyers and experts caution that it might take “decades.” On Nov...
Getting funds out of FTX could take years or even decades: Lawyers
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.” The crypto exchange, along ...
FTX forewarns exchanges to freeze stolen funds to prevent hacker cashing out
FTX announced on Nov. 20 that exchanges should remain alert regarding unauthorized fund transfers from FTX Global and related debtors on Nov. 11. The transfers sent out were through intermediate walle...
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...
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...
27th Biggest Ethereum Whale in World Stole 100% of His Funds
We have already covered the bizarre situation on the Ethereum network where one of the biggest holders on the whole blockchain stole 100% of his holdings and now successfully trades them around, gradu...
Retail Discounter TJX Is Thriving as Inflation Pressures Consumers
Text size These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the vi...
950 FTX Users in Taiwan Had Digital Funds Worth $150 Million Held on the Exchange When It Collapsed – Featured Bitcoin News
At the time of FTX’s collapse, about 950 users in Taiwan had a total of $150 million worth of digital assets stored or held at the crypto exchange, a law firm has reportedly said. FTX users in Taiwan ...
FTX executives bought luxury houses using user funds – crypto.news
According to a recent bankruptcy filing originally made public by CNBC, FTX’s corporate funds were used to buy properties in the Bahamas and other personal assets. Less than a week after the now-infam...
Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%.
A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be h...
Ontario Teachers’ Pension Plan is latest FTX investor to mark venture investment to zero
It’s relatively rare for an institutional investor to make a public statement about a loss on a venture-capital investment, but nothing about FTX International’s $32 billion blow-up and bankruptcy is ...
Intel’s Newest Director Buys Big Block of Stock
On the heels of Intel CEO buying the company’s stock, the chip giant’s newest director also scooped up shares. Lip-Bu Tan, who joined Intel’s (ticker: INTC) board on Sept. 1, paid $1.35 million on Nov...
FTX Employees Used Company Funds to Buy Homes in the Bahamas
The news will cause unprecedented anger among customers of FTX, which filed for bankruptcy on November 11. The cryptocurrency exchange, which was still valued at $32 billion in February, imploded ove...
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...
It’s Been a Rough Year for Stocks and Bonds. What to Do in 2023.
With more than a month to go, 2022 is all but certain to go down as an annus horribilis for both stocks and bonds. The crucial question for investors: What does that portend for the year ahead? The re...