Between 25% and 40% of cryptocurrency-focused hedge funds had some level of direct exposure to FTX or the exchange’s native token, FTT, according to a new research note. Crypto Fund Research CEO Josh ...
Tag: funds
Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX – Bitcoin News
After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majori...
Hedge Fund Loses Majority of Funds Because of FTX Bankruptcy
As contagion fears around FTX’s collapse continue to spread, one hedge fund manager has already admitted that his business is virtually ruined. Travis Kling – Chief Investment Officer of Ikigai – said...
High number of Bitcoin investors withdrawing crypto funds from exchanges after FTX crash
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Alameda ‘secretly’ traded billions of FTX customer funds: Report
Alameda Research, an FTX-affiliated quantitative crypto trading platform co-founded by Sam Bankman-Fried in 2017, allegedly used funds belonging to FTX users to trade, sources say. The crypto news is ...
FTX Founder Secretly Moved Funds Through Backdoor: FTX Insider
Yuri Molchan FTX insider has reportedly stated that recent FTX “hack” was illegal withdrawal of funds from FTX to Alameda Research Founder of IBC Group Mario Nawfal has taken to Twitter to...
FTX Lost Up to $2B in User Funds, $10B Sent to Alameda: Report
As the FTX saga drags into its second week, details of alleged mismanagement are starting to flood in — with more than a billion dollars in customer funds reportedly going missing even before the rece...
New Huo Technology unit gets $14M loan from ex-Huobi CEO Leon Li to cover client funds stuck on FTX
Hbit Limited, a fully owned subsidiary of New Huo Technology, has approximately $18.1 million worth of assets stuck on FTX, which filed for bankruptcy last week, according to Nov. 14 press release. Hu...
Huobi Unable to Withdraw $13.2M in Customer Funds From FTX
Huobi subsidiary Hbit has revealed that it has $18.1 million on FTX, which it cannot recover. $13.2 million were customer funds, which it will cover through an unsecured loan of up to $14 million. Huo...
Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims – Regulation Bitcoin News
Manhattan District Attorney (DA)’s Office has frozen more than $1.3 million in cryptocurrency “during fraud investigations conducted over the past ten months.” The authority said: “We are returning th...
Crypto exchange BitCoke experienced difficulty in withdrawing funds – crypto.news
BitCoke seems to have had issues with withdrawals which led to the suspension of some activities in the firm for a period of time yesterday. According to an announcement today on BitCoke’s official Tw...
Bybit reportedly offering relief funds to impacted FTX employees – crypto.news
Amid the recent FTX crypto company bankruptcy troubles, Bybit reportedly hopes to rescue FTX by offering relief funds to cater to the employees affected. Employees who have lost by a specific threshol...
Ray Dalio, Founder of Hedge Fund Giant Bridgewater, Sees More Pain Ahead
Ray Dalio founded Bridgewater Associates in his Manhattan apartment in 1975 and grew it into a hedge fund colossus—with about $150 billion in assets—through astute analysis of macroeconomic trends. Al...
Sam Bankman-Fried’s Alameda quietly used FTX customer funds without raising alarm bells, say sources
Tom Williams | CQ-Roll Call, Inc. | Getty Images The quant trading firm Sam Bankman-Fried founded was able to quietly use customer funds from his exchange FTX in a way that flew under the radar of inv...
Crypto.com Recovers Funds From This Crypto Exchange
Amid the current crypto downtown, a financial service firm and crypto exchange, Crypto.com, announced that it has recovered the funds which it accidentally sent to another crypto exchange. According t...
CryptoCom Accidentally Sends $400 Million Worth of ETH To Gate, Funds Recovered Later
FTX’s collapse stirred the cryptocurrency market in a way that not many expected, but there’s some silver lining, however tiny it may seem. For once, most of the leading exchanges decided to go ahead ...
Huobi and Gate.io under fire for allegedly sharing snapshots using loaned funds
To counter the rising mistrust among crypto investors following the FTX collapse, crypto exchanges unanimously decided to share proof of reserve with the public as a way to showcase legitimacy. Howeve...
Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after
The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet add...
Troubled FTT investors turn to NFTs as means to recover funds. Decoding…
Prominent crypto voice on Twitter, @0xfoobar, revealed that several FTX users have been buying non-fungible tokens (NFTs). These users have been purchasing NFTs from Bahamian holders to rescue themsel...
Galois Capital Declares Half of its Funds is Stuck with FTX
Galois Capital, a crypto hedge fund that deals in over-the-counter trading has announced that almost half of its capital is trapped in FTX. According to a Reuters news report, Kevin Zhou a Co-founder ...
Over $1 Billion of Customer Funds Missing From FTX Records
9 seconds ago | 2 mins read Exchange News FTX had moved about $10 billion to Alameda Research. Bankman-Fried utilized a “backdoor” in FTX’s accounting system as per sources. At least $1 billion in cus...
Desperate FTX customers may have exploited NFT-linked loophole to recover funds before bankruptcy filing
FTX’s bankruptcy means some customers will have to wait months, or even years, to regain their deposits, assuming they can at all. A daring few apparently didn’t want to take that chance. According to...
More Than $1 Billion Customer Funds Goes Missing From FTX
Crypto Live News Reuters news media has claimed that nearly $1 billion client deposits are missing from the insolvent FTX exchange. Sources from FTX stated that the firm’s CEO, Sam Bankman-Fried has s...
More Than $1 B In Customer Funds Missing At FTX
According to a report by the news agency Reuters, at least $1 billion in client deposits have gone missing from the bankrupt cryptocurrency exchange FTX. Reuters spoke to two sources who held senior p...
User Wallets of FTX Witnesses Millions of Funds Being Drained
12 mins ago | 2 mins read Exchange News The hacker is converting his or her crypto holdings to unfreezable cryptocurrencies. Anyone using the FTX app is asked to refrain from updating or installing it...
Crypto hedge fund Galois Capital says half of funds stuck on FTX: FT
Crypto hedge fund Galois capital has told its investors that almost half of its funds are stuck on the failed crypto exchange FTX, according to a report in the Financial Times. Kevin Zhou, co-f...
FTX Suffers $400M Hack, Remaining Funds Moved to Cold Storage
About $400 million worth of cryptocurrency was siphoned from the beleaguered FTX exchange in the last few hours. After declaring bankruptcy just hours before, the exchange stated that it had been hack...
How Coinbase keeps your funds safe and secure
The shocks to the crypto credit environment over the last few weeks are seemingly a major inflection point for the industry. In a move to restore investor confidence, Coinbase reiterates its strong st...
FTX customers attempt roundabout ways to withdraw their funds in Bahamas
As the FTX crisis continues to permeate through the cryptosphere, users of the platform are trying various ways to bypass the official process of withdrawing their funds from the collapsing exchange. ...
Nexo Safeguarded User Funds From FTX, but Somerging is off
Nexo, the lending platform, withdrew $219 million from FTX before it paused withdrawals and went insolvent. But there is something unusual taking place. According to the most recent press release, the...
FTX & FTX-US Hacked! A Pre-Planned Insider’s Move? Millions of Users’ Funds Flow Out
The FTX-drama is getting bitter and bitter every new day, impacting the crypto markets adversely. After the firm filed for bankruptcy, a price movement of nearly $400 million was witnessed late Friday...
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Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Bitcoin owners are bellyaching...