SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds
11.11.2022
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 funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked...
FTX Assets Frozen by Bahamian Regulator
10.11.2022
The Bahamas Securities Commission said it was a “prudent course of action” to “preserve assets and stabilize the company.”
Market Wrap: Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data
10.11.2022
Bitcoin, ether and other major altcoins regained lost ground amid fallout from the crypto exchange’s unraveling after an unexpected decline in the consumer price index. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Chainlink Labs offers Proof of Reserve service for embattled exchanges
10.11.2022
The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced
FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories
10.11.2022
Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers
Bankman-Fried’s Cabal of Roommates in the Bahamas Ran His Crypto Empire – And Dated. Other Employees Have Lots of Questions
10.11.2022
“The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on the condition of anonymity
Ethereum Turns Deflationary Amid Market Turmoil – Future of Money?
10.11.2022
Ethereum’s native token ETH is once again turning deflationary, as more tokens are burned than new ones issued, leading some proponents to point to ETH as a future sound money....
Read More: Ethereum Turns Deflationary Amid Market Turmoil – Future of Money?
White House says 'prudent regulation of cryptocurrencies' is needed, hinting at situation with FTX
10.11.2022
According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market
FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for
10.11.2022
Hedge funds and asset managers are deploying digital asset teams, but lack of regulatory clarity is holding them back
FTX US announces it may halt trading on its platform in a few days
10.11.2022
According to the FTX US, “Withdrawals are and will remain open.”
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’
10.11.2022
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full nature and extent of this risk is not known at this...
Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July
10.11.2022
Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him