Alex Dovbnya Tron founder Justin Sun has gotten in on inside joke about insolvency of Wrapped Ethereum (wETH) Tron founder Justin Sun has picked up a new joke about Wrapped Ethereum (wETH), an ERC-20 ...
Tag: Insolvency
Crypto Market Tumbles As Vitalik Buterin, Justin Sun Join WETH Insolvency Joke
Tron founder Justin Sun on Monday said he and Ethereum co-founder Vitalik Buterin will invest $2 billion into the WEF to recover the funds lost as wrapped Ethereum depegs with Ethereum. However, not m...
Ethereum Insiders Settle Wrapped Ethereum Insolvency FUD
Rising concerns began circulating on Nov. 26 regarding Wrapped Ethereum (WETH) becoming unpegged with ETH. Some speculated that WETH wasn’t backed 1:1 by ETH, which gave rise to insolvency fears. Ethe...
wETH Insolvency Joke Made Headlines, Crypto Twitter Urges Restraint
Ethereum News One of the first to propagate the joke was blockchain developer “cygaar.” Markus Thielen,confirmed that the wETH “shitposts” are largely untrue. Crypto Influencers were compelled to cla...
CoinList denies insolvency rumors, claims technical difficulties causing issues with withdrawals
Crypto exchange CoinList on Nov. 24 said it was not insolvent, despite its users reporting their inability to withdraw assets. 1/ There is a lot of FUD going around that we would like to address head ...
CoinList Rejects Rumors of Insolvency and Bankruptcy
Crypto exchange CoinList rejected all rumors of insolvency or a lack of liquidity, calling it FUD. The exchange has been experiencing deposit and withdrawal issues. Crypto exchange CoinList rejected a...
Genesis Facing Both Liquidity And Insolvency Issues, Here’s Why
Crypto brokerage firm Genesis reduced its fundraising target from $1 billion to $500 million after facing difficulty raising fresh capital. Ram Ahluwalia, CEO of Lumida Wealth Management, believes Gen...
Despite FTX’s Insolvency, The Number Of Crypto Users In Brazil Is Increasing
The South American nation of Brazil stands out among the top 5 countries for having a huge number of crypto investors, with approximately 10 million users. But the recent downfall of FTX had created a...
Oryen Network Secures All User Funds On Chain Unlike Many CEXs, FTX Declares Bankruptcy Due To Insolvency
With its constant 90% annual percentage yield and 0.177% daily return on investment for holders, Oryen ($ORY) has been experiencing a rapid price increase. Not long after crypto whales like Jim Crypto...
Explained: Crypto.com’s ongoing insolvency battle
With most eyeballs on FTX’s rapid meltdown last week, fears of a Crypto.com insolvency are swirling on the periphery. Some observers fear that Crypto.com or its Cronos (CRO) blockchain system could fa...
Crypto.com Reveals Partial Proof Of Reserves To Dispel Insolvency Rumors
Crypto.com, has become the latest crypto exchange to publish partial “Proof of Reserves,” amid the downfall of rival exchange FTX. As fear of crypto contagion from the FTX meltdown spreads, Kris, CEO ...
Crypto.com discloses partial reserves in bid to counter insolvency rumors
Kris Marszalek tweeted details of Crypto.com’s reserves in a bid to address insolvency rumors. Marszalek said the company holds 53,024 Bitcoin, 391,564 Ethereum, and other crypto assets totaling appro...
Indonesia Plans to Tighten Crypto Regulation Following FTX’s Insolvency
Indonesia plans to give its Financial Services Authority (OJK) the power to regulate cryptocurrency investments and market oversight. The country’s Trade Ministry currently polices the digital asset...
FTX’s head of institutional sales resigns, says team was ‘completely in the dark’ about insolvency
Zane Tackett, head of institutional sales at FTX, sent a letter to clients stating that his team was “completely in the dark” about the firm’s potential insolvency over the course of this week. ...
Bitcoin sinks under $16K as FTX insolvency fears turn into contagion
Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Throughout the day Bitcoin (BTC) price dropped, falling to a ne...
Inside FTX’s demise with Framework Ventures Co-founder Vance Spencer
Episode 109 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Framework Ventures Co-founder Vance Spencer. Listen below, and subscribe to The Scoop on Apple, S...
FTT, SOL, APT tank over FTX insolvency woes
The “crypto feud” between Changpeng ‘ Zhao (CZ) and Sam Bankman-Fried (SBF) took a turn for the worse on Nov. 8 — culminating in the biggest bull trap in recent memory. Since Nov, 6, when CZ tweeted B...
Nearly $1B Moved Out of FTX, As A Single Whale Withdraws $247M+ Amidst Insolvency Concerns
– Advertisement – FTX has witnessed nearly $1B in outflows in the past week, with a whale withdrawing over $247M within a day as insolvency concerns gain steam amidst exchange’s clash with...
Crypto Prices Crashing as FTX Insolvency Rumors Swirl – Here are 3 Coins to Buy
Join Our Telegram channel to stay up to date on breaking news coverage The last few days haven’t been exciting for the FTX exchange’s native token, FTT, since rumors regarding the token’s insolvency a...
Bankman-Fried Denies Insolvency Rumours of FTX, FTT Token Slumps Over 6% during Intraday
FTX CEO Sam Bankman-Fried tweeted Monday, claiming that “FTX is fine. Assets are fine.” However, FTT, the native token of the crypto exchange FTX, its price has slumped over 24 % over the ...
SBF Responds To FTX Insolvency Concerns Says “FTX Is Fine”
– Advertisement – Sam Bankman-Fried (SBF) says, “FTX is fine.” In a Twitter thread moments ago, FTX chief Sam Bankman-Fried came out to counter FTX-related insolvency claims saying the exc...
FTX’s stablecoin reserve falls 93% in 2 weeks, amid rumors of insolvency
Sam Bankman-Fried’s cryptocurrency exchange FTX is seemingly undergoing intense withdrawal pressure, amid ongoing speculations that the company could be heading for insolvency. Although FTX hasn...
Binance Reveals FTX FTT Token Liquidation Intentions, Raising Insolvency Concerns
Binance founder Changpeng ‘CZ’ Zhao said on Sunday that the exchange is liquidating its position in the FTT token of its rival exchange, FTX. Changpeng Zhao said Binance was making the decision based...
Can FTX and Alameda Be The Next Big Crypto Insolvency?
The crypto winter resulted in a liquidity crisis for some major crypto firms. Companies such as Three Arrow Capitals, Celsius, and Voyager suffered massive hits during the crypto market. The Crypto co...
World’s largest Bitcoin mining firm Core Scientific on the verge of insolvency
Core Scientific, one of the world’s largest publicly traded Bitcoin mining companies, is on the verge of insolvency. In an Oct. 26 SEC filing, the company said its operating performance and liquidity ...
Nexo’s Co-Founders Dismiss Insolvency Rumors, Reveal Expansion Plans Nexo’s Co-Founders Dismiss Insolvency Rumors, Reveal Expansion Plans
After the failure of Celsius Network, Voyager Digital, and Vauld, rumors about lending platforms, in general, being under stress have been rife. Nexo, which has $4 billion of assets under management (...
“Insolvency, Bankruptcy is Nowhere in Nexo’s reality”: Co-Founders
Speculations about crypto lender Nexo heading towards bankruptcy were squashed by the company’s top-ranking members. In an ‘Ask-Me-Anything’ YouTube video on Tuesday co-founders of Nexo, Antoni ...
Insolvency not in ‘Nexo’s reality’ — Co-founder during AMA
Bankruptcy or insolvency is not in “Nexo’s reality,” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev. In an ask-me-anything (AMA) video posted on YouTube on ...
Celsius Network’s Founder Withdrew $10 Million Ahead of the Company’s Insolvency – crypto.news
According to the Financial Times, Alex Mashinsky, who resigned as CEO of Celsius on September 27, withdrew US$10 million from the crypto exchange weeks before it declared bankruptcy and froze withdraw...