In a preliminary fourth quarter earnings report, crypto bank Silvergate revealed it weathered a run that saw customers pull more than $8 billion from accounts. The bank was forced to sell assets at a ...
Tag: Withdrawals
Justin Sun Transfers $100M Stablecoins to Huobi Amid Large Withdrawals
2 hours ago | 2 mins read Exchange News The funds transferred were held in USDT and USDC. Nansen reported that the last 24 hours accounted for $60.9 million. After hearing that the crypto exchange Huo...
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals. According to a re...
FTX Collapse Triggered $8,100,000,000 in Withdrawals at Crypto-Friendly Bank Silvergate: Report
The high-profile collapse of crypto exchange FTX has reportedly triggered a mass exodus from Silvergate, a crypto-friendly bank. According to a new report by The Wall Street Journal, the disintegratio...
Silvergate sold assets at loss to cover withdrawals, laid off 40% of workers
The collapse of FTX sparked a bank run on Silvergate, forcing the financial institution to sell assets at a steep loss to cover some $8.1 billion in withdrawals. The bank has also laid off 40% of its ...
Dow Jones Dives 400 Points On Strong Jobs Data; Silvergate Crashes On $8.1 Billion In Withdrawals
The Dow Jones Industrial Average sold off more than 400 points Thursday after a stronger-than-expected ADP employment report. Meanwhile, the December jobs report is due Friday morning. X Cryptocurrenc...
Crypto Bank Silvergate Faces $8 B In Customer Withdrawals
According to a report from The Street, crypto-friendly bank Silvergate (SI) retraced on a massive 27% rally following a preliminary quarter result. The financial institution recorded a steep decline i...
FTX Japan Reveals When it Will Resume Withdrawals
FTX Japan, the Japanese division of the bankrupt crypto exchange, plans to re-enable customers’ withdrawals in mid-February next year after suspending the service last month due to the bankruptcy fili...
Bitcoin exchange withdrawals sink to 7-month low as users forget FTX
Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows. According to on-chain analytics firm Glassnode, exchange outflows have now hit their lowest levels in ...
Binance Addresses Heavy Withdrawals Amid Ongoing FUD
Binance FUD: Since USDC does not exist on the Binance platform and other stable currency trading pairs, Binance announced on September 5, 2022, that the user’s USDC, USDP, and TUSD stablecoin balance ...
Binance partially rejects Monero withdrawals, users claim
Multiple investors face problems making withdrawals in their Monero (XMR) wallet in Binance, prompting a public outcry on Reddit. XMR issues on Binance worry users An agitated customer, identified as...
BlockFi urges court to approve user’s withdrawals
BlockFi has sent a petition to the Bankruptcy Court to give the go-ahead for clients with accounts on the platform to withdraw their digital assets. According to the petition, the digital assets are p...
BlockFi seeks to reopen withdrawals for certain users
Bankrupt crypto lender BlockFi is seeking to reopen withdrawals for users who have crypto locked in wallet accounts. The lender filed a motion on Dec. 19 with the U.S. Bankruptcy Court in the Di...
This Week on Crypto Twitter: SBF Arrested! Binance Withdrawals Spike! Former President Pitches NFTs!
Illustration by Mitchell Preffer for Decrypt Just when you thought the torrent of gossip was starting to subside in Cryptoville, this week crypto Twitter was slammed by a barrage of news that turned i...
FUD quelled as Gate.io and OKX resumed crypto withdrawals
Crypto exchanges Gate.io and OKX have started processing withdrawal requests from their customers once again, after experiencing severe network issues on Dec 18. Normalcy has returned to both OKX and ...
Gate.io Slows Deposits And Withdrawals DueTo Node Maintenance
Customers have been reassured by the cryptocurrency exchange that their funds are safe and that their transactions are in the process of being carried out. According to a statement that was released o...
Gate.io experiences slowdown in deposits and withdrawals due to node maintenance
Users of the crypto exchange Gate.io are facing slow deposits and withdrawals on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18. Gat...
OKX Withdrawals on Pause as Exchange Tackles Cloud Provider Issues
Popular cryptocurrency exchange OKX is experiencing connection issues with their cloud provider, according to their most recent announcements. It appears that withdrawals aren’t functioning at the tim...
No withdrawals on OKX for almost seven hours amid cloud failure
Crypto exchange OKX hasn’t processed any withdrawals for almost seven hours owing to a failure with its cloud services provider. The exchange shows a partial outage for deposits and withdr...
Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’
Risk is off the table Risk, leverage, and speculation could be considered the keywords for 2021 as excess cash from covid stimulus entered the stock market and crypto ecosystem. Many traditional finan...
Account types, Deposits, And Withdrawals
Intro – What is Tickmill? Most founders, executives, or team leaders will tell you that caring about clients is the most crucial thing every business should focus on. In this article, we’ll have a qui...
Binance Customer Withdrawals Reach Record Levels
Join Our Telegram channel to stay up to date on breaking news coverage Binance, the world’s largest crypto exchange by trading volume, endured a series of withdrawals on Monday, December 12, amid conc...
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead – Coinotizia
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto ...
What Is Share Of Recent Binance Withdrawals Out Of Its Assets?
Binance Withdrawals News: The crypto prices continue to be on an upward curve after the Consumer Price Index (CPI) fell to 7.1%. In this context, the U.S. Federal Reserve is set announce its interest ...
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead – Exchanges Bitcoin News
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto ...
Binance Customer Withdrawals Jumps Over $3.5 Billion In A Week ⋆ ZyCrypto
Advertisement     Binance has recorded massive withdrawals in the last seven days sparking concerns over the future of the exchange. The exchange saw $8.6 billion leav...
massive withdrawals has no effect on Binance
The CEO of on-chain analytical company CryptoQuant looked at the largest exchange’s assets to determine whether it was financially sound, resilient, and ready for another sizable wave of withdrawals. ...
Binance Processes Close to $8 Billion in Daily Withdrawals, CZ Says It Wasn’t a Even Top 5
Changpeng Zhao – CEO of Binance – said the wave of customer withdrawal requests has cooled off, assuring that the entity has coped with higher demands in the past. Data from CryptoQuant shows that the...
Binance CEO CZ Calls Huge Withdrawals Business as Usual
Exchange News A total of 40,353 Bitcoins and 278,017 Ether tokens were withdrawn. Binance’s native cryptocurrency BNB Coin dropped by 5 percent on Tuesday. On Monday, reports surfaced that the U.S. De...
Opinion: Hardship withdrawals from a 401(k) will get easier soon, but not quite yet
If you’re getting crushed by inflation and you have any money sitting in your 401(k), you may be wondering how you can get at it. In that kind of situation, something called a “hardship withdrawal” so...