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FTX funds on the move: bankruptcy proceedings, insider threat or a hack?
12.11.2022
The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours
LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa
12.11.2022
PRESS RELEASE. Internet City, Dubai, Nov. 11th, 2022 — Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of regional development funds, including...
FTX customers attempt roundabout ways to withdraw their funds in Bahamas
11.11.2022
From buying Bahamas-based NFTs to offering bounties to FTX employees, users with balances stuck in FTX are trying whatever they can to withdraw their money
Wintermute Ceased Trading and Moved Funds From Crypto Exchange FTX US Before Warning
11.11.2022
The trading firm said earlier that it had stopped trading on FTX, a separate crypto exchange for international users, but some of its funds were stuck on the platform
FTX Used $10 Billion of Customer Funds to Prop Up Alameda Research, Lost it All – What Happens Next?
11.11.2022
Sam Bankman-Fried’s troubled cryptocurrency exchange FTX lent billions of dollars in user funds to its sister company Alameda Research to fund risky bets.
According to a recent report by The Wall Street Journal, the exchange provided up to $10 billion in loans using money that customers...
Genesis Trading reveals $175M of funds are locked in FTX
11.11.2022
Genesis Trading is the latest firm to declare exposure to FTX and may look to its parent company for help as it did after the 3AC bankruptcy
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...
Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors
10.11.2022
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up...
FTX Violated Its Own Terms of Service and Misused User Funds, Lawyers Say
10.11.2022
Although FTX’s terms of service prevented it from using customer’s crypto, lawyers told CoinDesk that its swift downfall indicates the funds were misused
FTX Used Customer Funds Among Other Assets to Prop up Alameda Research in May: Reuters
10.11.2022
FTX founder Sam Bankman-Fried transferred at least $4 billion in FTX funds
Egyptian Fintech Raises $31 Million in Series B Funding Round
10.11.2022
Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $31 million. The funds will be used to finance Moneyfellows’ expansion into other markets as well as accelerate the fintech’s...
Binance Backs Out of Buying FTX Crypto Exchange, Cites Mishandled Customer Funds and Regulator Investigations
9.11.2022
Binance is pulling out of the deal to buy FTX. On Tuesday 8 November, Binance signed a letter of intention to acquire the failing crypto exchange, although at the time it said the agreement was subject to a due diligence process.
But as the contagion from the collapse of the FTX leads to...
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’
9.11.2022
The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled customer funds,” Binance has decided not to pursue the FTX acquisition....
Hostaged FTX Funds Firesaled for Pennies on the Dollar in OTC Trades
9.11.2022
Insolvent crypto exchange FTX halted crypto withdrawals on Tuesday, leading panicked customers to offload their bags amongst themselves at steep discounts
US Regulators Probing FTX Handling of Customer Funds: Bloomberg
9.11.2022
FTX chief Sam Bankman-Fried denied customer funds were being re-invested in a now deleted tweet posted on Monday
Why Did FTX Pause Withdrawals if It Wasn't Trading Customer Funds?
9.11.2022
As the crisis at Sam Bankman-Fried's formerly trusted exchange continues, everything hinges on one key question: Where's the money?
Hong Kong ‘Actively Looking’ to Establish Regulatory Framework to Allow Crypto Futures ETFs: Report
9.11.2022
Hong Kong’s Securities and Futures Commission (SFC) is “actively looking” to create a regulatory framework that allows crypto futures exchange-traded funds (ETFs), an SFC official reportedly said. “We have come to believe that some initial concerns about virtual asset...
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round
9.11.2022
Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million. Pyypl has said it plans to use the recently raised funds to develop and add new features to its proprietary technology....
Gofaizen and Sherle Introduce Full-Cycle Online Accounting In Lithuania
9.11.2022
PRESS RELEASE. Gofaizen & Sherle is a legal and business consulting firm specializing in digital asset-based businesses, financial institutions and investment funds. Having been founded in September 2021, the company has successfully gained a portfolio of hundreds of different projects...
BitDAO Community Asks Alameda for Proof of Funds After BIT's Sudden 20% Drop, Threatens to Dump FTT
8.11.2022
The BitDAO community has threatened to sell FTT tokens if Alameda fails to provide evidence that it continues to hold FTT tokens as promised. Alameda has promised to provide the evidence soon