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 ...
Tag: funds
TRM Announces Launch of Beacon Network to Accelerate Recovery of Stolen Crypto Funds
Network facilitates real-time communication between law enforcement and crypto platforms during hacks and other critical incidents SAN FRANCISCO–(BUSINESS WIRE)–TRM Labs, the leader in blockchain inte...
Cardano Blockchain Builder IOG Funds $4.5M Research Hub at Edinburgh University
“IOG has been working with the University of Edinburgh for some time, and I’m thrilled that this new research hub will let us continue to advance our industry,” Hoskinson said in a statement. “Working...
Celsius Gains Access to $17 Million in Crypto Funds from Prime Trust
Crypto lending platform Celsius may have gotten a break in its recent bankruptcy case as crypto service provider Prime Trust – which held a long-term partnership with Celsius up through the summer of ...
Can your family retrieve funds from Binance if you are dead?
The discourse of “what happens to your cryptocurrency when you die” is becoming more of a concern than a question by crypto investors as the year progresses. While there are known legal procedures for...
Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds
The Luna Foundation Guard (LFG) and Terraform Labs (TFL) commissioned a technical audit of their efforts to defend the price of TerraUSD (UST) — since rebranded TerraUSD Classic (USTC) — between May 8...
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 ...
Multicoin Lost More Than Half Its Crypto Fund’s Capital This Month: Sources
Cryptocurrency-focused asset manager Multicoin Capital lost more than half of its flagship fund’s capital in about two weeks. The drop of about 55% — one of the worst in Multicoin’s history — was trig...
FTX Hacker steals funds; becomes 35th largest crypto whale
Crypto exchange Kraken has identified the hacker. FTX’s remaining assets have been moved to cold storage. News of the hack comes after FTX filed for bankruptcy on November 11th. FTX funds stolen post ...
Does FTX Collapse Increase Crypto Funds Inflows?
Recent months have been quite rough for crypto users as major projects got rugged or exploited or may be accidentally losing users’ funds. For crypto investors the whole year did not seem favora...
Technical audit shows LFG didn’t misappropriate funds as it tried to defend TerraUSD peg – crypto.news
An on-chain audit commissioned by the Luna Guard Foundation (LFG) and Terraform Labs (TFL) to provide transparency into the actions of the two organizations in their unsuccessful defense of the TerraU...
Crypto exchange Gemini reports broad outage, says client funds ‘secure’
UPDATE (1:35 p.m. ET): Gemini says its services have been restored following the outage. Gemini’s crypto exchange is offline. The outage is affecting a number of services, including its tr...
FTX and Alameda Executives Including Sam Bankman-Fried Were Aware of Customer Funds Misuse: Report
A new report claims executives of FTX and Alameda Research were aware that their customers’ funds were being mishandled. According to the Wall Street Journal, anonymous sources familiar with the matte...
Elon Musk’s Twitter Buyout Was A Billion Dollar Windfall For These 13 Hedge Funds
Wall Street billionaires Carl Icahn, Ken Griffin, Israel Englander and Daniel Loeb can thank Elon Musk for what might be 2022’s easiest money trade. For many hedge funds, Elon Musk’s $44 billion “forc...
Messari estimates up to 50% of FTX user funds recoverable
FTX filed for Chapter 11 bankruptcy on Nov. 11 following days of intense speculation over the company’s financial health. Over this period, numerous allegations emerged that suggested FTX’s top brass ...
FTX bankruptcy freezes millions worth of crypto company funds
The collapse of the cryptocurrency exchange FTX continues to have knock-on effects throughout the crypto industry, with multiple crypto-focused companies reporting significant amounts of their capital...
CryptoCom Sends Letter to Clients Assuring Their Funds Are Safe. CRO Recovers 30% Since Yearly Low
The freezing crypto winter and the fall of the FTX empire have hit the entire industry. As confidence in CEXs dwindles, the CEOs of the various platforms have been quick to try and calm their customer...
Sam Bankman-Fried Tried to Raise Funds Despite Bankruptcy Filing: Report
Sam Bankman-Fried, the former CEO of the now-bankrupt FTX, tried to rally financial support for his beleaguered crypto exchange. This comes as the platform is facing bankruptcy amid an $8 billion blac...
SBF Hopes for a Hail Mary, Attempts To Raise Funds
FTX’s fallen leader Sam Bankman-Fried appears to still be in the search for alternative funding sources, according to the Wall Street Journal. While the exchange and its 134 affiliate companies filed...
Paxos freezes FTX funds following a US watchdogs directive – crypto.news
Over the weekend, Paxos announced the freezing of PAXG tokens in the FTX crypto exchange following a government directive. Several other networks also froze FTX and its leaders’ accounts in the past f...
Ikigai Lost Funds In FTX Debacle
Founder Travis Kling disclosed the company’s exposure to FTX on Twitter and stated that it could not retrieve most of its funds. Founder Takes Responsibility One of the latest hedge funds to fall vic...
Nigerian crypto startup Nestcoin says funds stuck in FTX
Nestcoin CEO Yele Bademosi has revealed that the company has been impacted by the FTX collapse as its operational funds are currently stuck in the bankrupt crypto exchange. Nestcoin kept some of...
Is Gate.io short of funds? Crypto exchange audit raises red flags
Gate.io joined the list of exchanges in a rush to publish their proof of reserves, a deeper look at their books and audit however suggests a different narrative. The rush was necessitated to restore i...
JPMorgan Says Hedge Funds’ Short Covering May Have Further to Go
(Bloomberg) — Fueling the epic rally in US stocks last week, hedge funds were beating a fast retreat from big bearish positions. Most Read from Bloomberg Now, with risk-on exposures still low, t...
Crypto.com Breaks The Patience For Withdrawing Funds! How Will This Impact CRO Price?
While the crypto market has just begun flashing green after getting severely impacted by the FTX wipeout, concerns regarding withdrawing funds from Singapore-based crypto exchange firm Crypto.com are ...
This Hedge Fund Loses Majority of Funds Due To FTX Bankruptcy
Travis Kling, the company’s founder and chief investment officer, said that the California-based hedge fund Ikigai Asset Management had a “vast majority” of its assets on the now-defunct cryptocurrenc...
Amid FTX collapse, crypto funds see largest inflows in 14 weeks
Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX and Alameda Research’s bankruptcies. Dig...
Opinion: Opinion: What Bullard got wrong about a 7% fed funds (and why he said it anyway)
An influential Federal Reserve official briefly spooked the stock SPX, -0.31% and bond TMUBMUSD10Y, 3.769% markets on Thursday by warning that the central bank may have to raise interest rates much fu...