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Australia Suspends Financial Services License of Local FTX Entity
17.11.2022
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives....
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
16.11.2022
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 tracking its activities in Turkey. Turkish Financial...
Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX
14.11.2022
After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis...
Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’
13.11.2022
“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct occurred.” Bahamas...
From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships
13.11.2022
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building up brand recognition among sports fans before it went bankrupt. FTX Sign Being Dismantled...
Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’
12.11.2022
According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors explaining the situation and said he was “deeply sorry”...
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
Sequoia Capital marks down entire $214M FTX stake to zero
10.11.2022
The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income
Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion
9.11.2022
BTC and altcoins continue to sell-off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market
FTX Binance Fallout: Bitdao Community Asks Alameda Research to Respond to Token Dump Allegations
8.11.2022
After the Bitdao token’s quickfire plunge on Nov. 7, members of the Bitdao community have asked Alameda Research to address rumors the principal trading platform has dumped Bitdao’s BIT tokens. The dump, if confirmed, would be a breach of a swap agreement between the two entities which...
FTX CEO Sam Bankman-Fried Speaks Out Amid Binance Drama – Denies Insolvency, Says Withdrawals Will Continue
8.11.2022
FTX CEO Sam Bankman-Fried has denied insolvency rumors amid mounting speculations that his exchange is facing liquidity issues, as evident by Binance's move to dump all its FTT holdings.
In a series of tweets on Monday, Bankman-Fried referred to the speculation as FUD, claiming that...
Bitcoin Price and Ethereum Prediction - FTX Down 35% amid Insolvency Rumors
8.11.2022
The Asian session has started with a crypto market massacre, with all of the main cryptocurrencies on a strong negative run and the global crypto market cap plummeting below $1 trillion amid FTX insolvency fears. Bitcoin price fell sharply and broke through an upward trendline to trade at $19,600....
Crypto Prices Crash on FTX Insolvency Rumors – 3 Coins to Buy the Dip
8.11.2022
Cryptocurrency prices plummeted amid reports of FTX bankruptcy. Changpeng Zhao, the founder and CEO of Binance, the world's largest cryptocurrency exchange, announced on Sunday that his trading platform is about to sell its stake in FTT, a competitor platform to FTX's native asset....
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FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token
7.11.2022
FTX CEO Sam Bankman-Fried has dismissed speculation over whether the company has enough capital to cover its liabilities and customer deposits
FTX Token price risks 30% plunge as a 23M FTT 'part' moves to Binance
7.11.2022
Alameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache
29.10.2022
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew...
A Crypto Rewards Platform That Promised 40% APY Halts Withdrawals, Citing ‘Market Fluctuations’
24.10.2022
A crypto rewards platform called Freeway.io has notified users that it decided to reallocate capital in order to “manage exposure to future market fluctuations and volatility.” In doing so, users are unable to withdraw funds from the platform, and the Freeway team explained that amid...
German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business
20.10.2022
Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain...
Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade History
7.10.2022
The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company’s customers. While the file does not disclose personal information tied to the user’s...
Insolvency not in 'Nexo's reality,' says co-founder during AMA
5.10.2022
Co-founder Kalin Metodiev stated that comparisons between Celsius, Voyager and Nexo are “very far from reality” and that the firm is focused on building in a sustainable way