[Nov 16, 2022 5:03 PM] What happened here was not a mistake; it is not that they were hacked. They took several decisions to put at risk customer assets. The crypto industry saw dark days over the past week. FTX, the former second-largest exchange in the world, crumbled…
[Nov 16, 2022 4:01 PM] The exchange’s collapse will change the motivations for bitcoin adoption and re-orient educational routes.This is an opinion editorial by Brooks Lockett, a freelance writer and Bitcoiner who fell down the rabbit hole in 2018.I long for the day when…
[Nov 16, 2022 3:30 PM] Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit.
[Nov 16, 2022 3:00 PM] “I was on the cover of every magazine, and FTX was the darling of Silicon Valley,” said the former CEO on the crypto firm’s path to bankruptcy.
[Nov 16, 2022 2:30 PM] The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is…
[Nov 16, 2022 2:00 PM] The collapse of FTX teaches valuable lessons, alongside the certainly negative aspects of contagion spreading in the industry.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the…
[Nov 16, 2022 1:56 PM] The FTX crisis has escalated into a legal battle between bankrupt crypto exchanges and firms whose assets are stuck on its platform. Before FTX froze assets withdrawal, many crypto firms couldn’t recover their funds from the exchange. As a…
[Nov 16, 2022 12:54 PM] Per a report from the Washington Examiner, NFL Legend Tom Brady and others are facing a class action lawsuit from FTX investors. The football player is one of the many celebrity ambassadors who vouched for the crypto exchange platform. Earlier…
[Nov 16, 2022 11:46 AM] The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.
[Nov 16, 2022 11:30 AM] Former FTX CEO Sam Bankman-Fried (SBF) and a number of celebrities including Tom Brady, Gisele Bündchen, Stephen Curry, and Shaquille O’Neal have been named in a class-action lawsuit involving the alleged engagement in deceptive practices with FTX…
[Nov 16, 2022 10:00 AM] “There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.
[Nov 16, 2022 10:00 AM] Data shows the Bitcoin 7-day volatility has come alive during the last week as the collapse of crypto exchange FTX has shaken up the market. Bitcoin 7-Day Volatility Has Spiked To Values Above 7% According to the latest weekly report from Arcane…
[Nov 16, 2022 9:30 AM] Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s…
[Nov 16, 2022 9:09 AM] Following the implosion of FTX and the locking up of over $175 million, Genesis’s lending arm faces a liquidity crisis and is actively seeking new capital.Cryptocurrency lender Genesis Global Capital has paused withdrawals and loan applications…
[Nov 16, 2022 6:49 AM] DOGE’s price fails to hold amidst market turmoil as price falls back to its support zone with a range-bound movement. DOGE’s price continues to show strength after a bearish downtrend with the market’s current state, as things…
[Nov 16, 2022 6:48 AM] As Daily Mail reports, FTX’s former CEO Sam Bankman-Fried could be facing extradition. After more and more shocking details about FTX, Alameda and their leaders came to light in recent days, Bankman-Fried is facing extradition by the FBI…
[Nov 16, 2022 6:43 AM] Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States.
[Nov 16, 2022 6:30 AM] The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been…
[Nov 16, 2022 6:01 AM] The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda.
[Nov 16, 2022 4:32 AM] The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized and FTX was not, Tim Draper said.
[Nov 16, 2022 4:00 AM] The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the…
[Nov 16, 2022 3:04 AM] Most of FTX's Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.
[Nov 16, 2022 12:06 AM] The Solana (SOL) ecosystem, according to Laguna Labs Chief Executive Officer (CEO) Stefan Rust, took a harder hit compared to other major digital coins such as Bitcoin and Ethereum following the collapse of the FTX crypto exchange. Here’s a…
[Nov 15, 2022 11:57 PM] Burning flames from the FTX collapse continue as damages spread throughout the crypto market and industry. FTX is left to themselves as other firms cannot assist due to the magnitude of debts incurred by the exchange. Binance initially intended to…
[Nov 15, 2022 11:30 PM] U.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto industry has operated.” He added that he plans to work…
[Nov 15, 2022 10:56 PM] The sudden collapse of the FTX exchange has sent shock waves throughout the Bitcoin crypto world. The Bankman-Fried-led crypto empire hailed as an industry leader has filed for bankruptcy, creating widespread panic in crypto circles. This collapse…
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