Crypto exchange FTX claims it has been hacked for all its funds. Late Friday night, a message sent in its Telegram stated “FTX has been hacked. All funds seem to be gone.” Add...
Tag: funds
What is Happening with FTX? FTX is now being hacked or insiders are making a run with stolen funds?
Over the last few days, the FTX token (FTT) has crashed and burned rapidly. Binance’s declaration that it would liquidate the FTT it owns compelled this. The question is whether the FTX token’s price ...
German Family Office Lennertz Raises Third European Private-Equity Fund-of-Funds
Family office Lennertz & Co. is raising a new fund to take advantage of investment opportunities created by recent market volatility and depressed valuations. Lennertz, which was founded by former...
Over $400M worth of tokens FTX funds drained from company accounts
Crypto exchange FTX is seeing millions of dollars flow out of its exchange with early reports of some user account balances being completely empty. So far, over $400 million has been transferred...
FTX NFTs Provided Loophole For Non-Bahamas Residents Wanting to Withdraw Funds
FTX Group has filed for Chapter 11 bankruptcy in the US, and customers have been scrambling to get their money off the platform — by any means necessary. The crypto exchange had re-enabled withdrawals...
FTX funds frozen in the Bahamas
FTX Digital Markets (FDM) is the Bahamas-based subsidiary of FTX. Indeed, the company that owns the FTX.com exchange is FTX Trading LTD, which is headquartered in Antigua and Barbuda but has its own ...
crypto.com proof of funds is published and we found a surprising stat
Crypto exchange Crypto.com has released a statement stating the number of digital assets that the company holds. According to the statement, the exchange acknowledged the situation of the market comin...
Funds Are SHIB? Crypto.com Reserves Are 20% Memecoin
By Jon Rice / November 11, 2022, 10:53 am EST According to a wallet published by Crypto dot com CEO Kris Mars Marszalek on his official Twitter feed, 20% of all reserves at the exchange are held in th...
FTX used customer funds to fund risky bets, which led to its demise
Join Our Telegram channel to stay up to date on breaking news coverage According to a person with knowledge of the situation, cryptocurrency exchange FTX used customer assets worth billions of dollars...
Market Losses Can Reduce Your Tax Bill for Years. Here’s How.
This year’s market mayhem could shave your tax bill for years to come. With just weeks to go, 2022 is poised for steep negative annual returns in both stocks and bonds, a correlated collapse that has ...
Crypto Trading Company Genesis Reveals Frozen Funds on FTX
3 hours ago | 2 mins read Editors News Genesis Trading stored over $175 million in an FTX trading account. The Bahamas Securities Commission said that it had frozen the assets of FTX Digital Markets....
‘We’ve seen this before,” warns BofA. Why inflation could take until 2024 to fall to 3% and weigh on stocks.
U.S. stocks roared higher Thursday after October’s consumer-price index showed inflation rising at a less aggressive annual pace than expected, spurring hopes that the Federal Reserve’s inflation flig...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer fun...
SBF seeks to raise liquidity for FTX International; funds to go “straight to users”
FTX’s CEO Sam Bankman-Fried (SBF) posted a Twitter thread to say that FTX U.S. was 100% liquid and that he’d do all he can to raise liquidity for FTX International. SBF started by admitting his role i...
New Report Shows FTX Used Customer’s Crypto Funds To Support Almeda Research
While the flames of the FTX crash burn the crypto market, people are coming up with different claims explaining why the crypto exchange’s demise. In a market driven by claims, rumors, and speculations...
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing ...
Binance CEO says El Salvador told him it doesn’t have funds stuck on FTX
Binance CEO Changpeng Zhao said he spoke with El Salvador’s president Nayib Bukele, who denied that the Central American country had any funds on FTX’s exchange. “Man, the amo...
FTX Used Customer Funds Among Other Assets to Prop Up Alameda Research in May: Reuters
Sam Bankman-Fried transferred at least $4 billion in FTX funds secured by assets including the crypto exchange’s FTT token and shares in the trading platform Robinhood Markets Inc (HOOD) to supp...
FTX used $4 billion including customer funds to keep Alameda afloat: Reuters
FTX chief Sam Bankman-Fried transferred at least $4 billion in FTX funds to Alameda Research, including native toke FTT and shares in Robinhood, according to Reuters. The transfers were made aft...
Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny
Binance has announced that it will not pursue its option to purchase FTX because of its due diligence and reports that a US agency was investigating the exchange over its handling of customers’ funds....
Hostaged FTX Funds Sold for Pennies on the Dollar in OTC Trades Among Customers
Crypto traders with remaining funds on FTX are attempting to sell their account balances for fractions of their face value. Telegram chats facilitating small over-the-counter (OTC) markets viewed by C...
US Regulators Probing FTX Handling of Customer Funds: Bloomberg
The inquiries by the Securities and Exchange Commission and Commodity Futures Trading Commission date back several months and started as a probe into the crypto lending activities of FTX’s U.S. ...
U.S. regulators investigating FTX’s handling of customers funds, relationship with FTX.US: Bloomberg
Officials at the Commodity Futures Trading Commission and the Securities and Exchange Commission are investigating crypto exchange FTX, according to a Bloomberg report. The inquiry is focused on...
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’ – Bitcoin News
The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled...
Amber Group says no exposure to Alameda or FTT, less than 10% of trading funds stuck
Amber Group said it has no exposure to Alameda or FTT, but it has been an active trading participant on FTX and less than 10% of total trading capital is tied up in the exchange. “While we...
Why Did FTX Pause Withdrawals if It Wasn’t Trading Customer Funds?
Yesterday was one of the most head-spinning days in the entire history of the cryptocurrency industry, with Changpeng Zhao’s Binance signing a letter of intent to acquire, and effectively bail out, Sa...
US Regulators Probing FTX and Alameda Research Over Potential Mishandling of Customer Funds: Report
US financial regulators are reportedly investigating embattled crypto exchange FTX and whether it mishandled its customers’ funds. According to a report by Bloomberg, FTX and its trading arm Alameda R...
Bitrue Confirms It Holds 41M XRP as Insurance Funds
– Advertisement – Bitrue now holds over 41M XRP in addition to 40M Bitrue Coin (BTR) as insurance funds to safeguard users’ assets in the event of a security breach. The cryptocurrency s...
Binance Walking Away From FTX Deal After Seeing Books, Reports of Mishandling Funds
Key Takeaways Binance may abandon its deal to acquire FTX, according to reports. Yesterday’s news that Binance would acquire its most relevant competitor sent markets reeling. The idea of the de...
Multicoin Capital hit by FTX collapse, with 10% of its fund’s AUM stuck on the exchange
Multicoin Capital, one of the top crypto-focused venture capital firms, is significantly impacted by crypto exchange FTX’s collapse, a letter obtained by The Block shows. The letter, sent ...
Here’s why you should be worried about state and local pensions
America, about 26 million people across America are relying on state and local pension plans to take care of them in their retirement years. That figure includes 15 million retired teachers, police of...