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Solana Foundation Lost Nearly $200 Million After FTX Collapsed – This is What You Need to Know
25.11.2022
The Solana Foundation lost close to $200m in the epic collapse of crypto exchange FTX, and says it remains an open question if any of it can be recovered in the aftermath of the bankruptcy.
According to a newly updated report, the Solana Foundation held approximately $1m in cash, 3.43m FTT tokens...
FTX’s collapse could change crypto industry governance standards for good
25.11.2022
Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray
Binance publishes official Merkle Tree-based proof-of-reserves
25.11.2022
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency
Here's how centralized exchanges aim to win back users after the FTX collapse
25.11.2022
“We need to stop telling people to trust us and give them an actual reason to,” said Eric Demuth, the CEO of Bitpanda
Turkey seizes FTX assets in the country amid the ongoing investigation
25.11.2022
Turkey’s Financial Crimes Investigation Board has seized assets belonging to Sam Bankman-Fried after launching an investigation into FTX's affairs in the country
MakerDAO expects $1.5M bad debt after FTX’s liquidity crisis!
25.11.2022
MakerDAO, the largest decentralized finance protocol, has announced plans to liquidate heavily leveraged vaults to prevent excessive bad debt. They tweeted: “Due to liquidations being previously disabled on the mentioned vault types, some positions accrued interest above their collateral value...
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
25.11.2022
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched...
FTX stake in US bank raises concerns about banking loopholes
25.11.2022
The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list
Turkish Authorities Order Seizure of 'Suspicious' FTX Assets
25.11.2022
The country's Financial Crimes Investigation Board MASAK says the founder of the collapsed crypto exchange Sam Bankman-Fried is also under investigation
How does the FTX collapse affect Dubai's crypto ecosystem?
25.11.2022
CoinMENA CEO Talal Tabbaa believes that the FTX collapse will not change the vision of the UAE to become a global crypto hub
Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital
25.11.2022
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet...
CoinList addresses 'FUD' on withdrawals, cites technical issues for delays
25.11.2022
CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems
NY Attorney General Urges Congress to Ban Crypto in Retirement Accounts
25.11.2022
New York Attorney General Letitia James has urged Congress to pass a law prohibiting crypto investments in retirement accounts. “Hardworking Americans should not have to worry about their retirement savings being wiped out due to risky bets on unstable assets like cryptocurrencies,”...
Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Despite Reports Claiming a $100M Stake
25.11.2022
Tesla CEO and Twitter chief Elon Musk has clarified that Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, does not own any stake in Twitter. This followed an article published by a Bankman-Fried-backed publication suggesting that Musk took $100 million from the former FTX executive....
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets
25.11.2022
The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the troubled coin trading platform. Turkey’s Financial...
Hollywood, Streaming Giants Scramble for Movie Rights to FTX Saga
24.11.2022
After the FTX collapse, the story seems as though it came from a financial thriller based on fiction and made-up characters. However, the story and the people behind it are very real and today’s streaming giants like Amazon, Apple, and Netflix are vying to get the rights to tell the FTX tale....
Bybit launches $100M support fund for institutional traders
24.11.2022
Institutional trading firms have faced financial losses and operational difficulties in the wake of the FTX collapse
New York Times Gets Mocked for Allowing Sam Bankman-Fried to Speak at Dealbook Summit
24.11.2022
The former FTX CEO Sam Bankman-Fried (SBF) says he plans to speak with Andrew Ross Sorkin at the annual New York Times Dealbook Summit on Nov. 30, according to a tweet he published on Nov. 23. SBF’s tweet received quite a bit of response and its unconfirmed as to whether or not the former...
Today in Crypto: FTX Miniseries on Prime Video, Hodlnaut Under Police Investigation, Cardano-Based Ardana Stops Development
24.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: FTX Miniseries on Prime Video, Hodlnaut Under Police Investigation, Cardano-Based Ardana Stops Development
Crypto Self-Custodying Offers Protection Amid FTX Exchange Fallout
24.11.2022
Huge losses of funds at FTX have shaken the trust of crypto investors, but private keys and crypto wallets can protect investors from fraud and mismanagement