FTX US suspends withdrawals, according to on-chain data
The development comes less than twenty-four hours after the platform issued an advisory urging its users to close down trading positions Go to Source Powered by WPeMatico
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Billionaires lose billions: What’s happening with Elon Musk and Sam Bankman-Fried?
Sam Bankman-Fried no longer qualifies for a listing on the Bloomberg Billionaires Index, while Elon Musk’s reported net worth has dropped by more than $86 billion in recent days. Go to Source Powered by WPeMatico
Onchain Data Shows FTX US Paused ETH Withdrawals for 2 Hours, Users Complain of Withdrawal Errors
After FTX International’s parent firm West Realm Shires Services filed for Chapter 11 bankruptcy protection in Delaware, users noticed that FTX US was included in the bankruptcy filings. On the U.S. exchange’s website, the firm notes that “trading may be halted on FTX US in a few days,” but the company’s ethereum wallet stopped processing … Read more
Solana TVL drops by almost one-third as FTX turmoil rocks ecosystem: Finance Redefined
The DeFi market faced the heat of the FTX turmoil as well with majority of tokens and projects registering a blood bath over the past week. Go to Source Powered by WPeMatico
Crypto.com CEO Shares Company’s Crypto Reserve Addresses in the Wake of FTX Bankruptcy
On Nov. 11, 2022, the CEO of Crypto.com Kris Marszalek shared the company’s proof-of-reserves addresses that hold leading crypto assets like bitcoin and ethereum. Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet addresses shared are the company’s cold wallets. Crypto.com CEO Kris Marszalek Shares Company’s Cold Wallet Addresses, Promises Full Audit Soon … Read more
Bitcoin slips under $17K, crypto stocks tumble in reaction to FTX bankruptcy
Bitcoin, altcoins and crypto-linked stocks correct sharply after FTX officially files for bankruptcy with BTC price slipping below its June lows again. Go to Source Powered by WPeMatico
FTX crisis likely to spark a domino effect, macro analyst explains
The collapse of Sam Bankman-Fried’s crypto empire is likely to have ripercussions beyond the crypto markets, according to senior commodity strategist at Bloomberg, Mike McGlone. Go to Source Powered by WPeMatico
CySEC requested FTX’s European arm suspend operations prior to bankruptcy: Report
FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States. Go to Source Powered by WPeMatico
Crypto Biz: Crypto’s day of reckoning has arrived
After lecturing us about crypto regulation, Sam Bankman-Fried’s house of cards collapsed this week as FTX declared bankruptcy. Go to Source Powered by WPeMatico
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and 130 Associated Firms Voluntarily Commence Bankruptcy Proceedings After days of confusion and speculation, the … Read more
