FTX, FTX US, and Alameda file for Chapter 11 bankruptcy in US; SBF resigns
FTX CEO Sam Bankman-Fried has resigned his position, and will be succeeded by John Ray. Go to Source Powered by WPeMatico
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FTX ex-exec floats ‘cool token’ idea amid warning rebound may take years
Zane Tackett suggests alternatives to “boomer procedures” when it comes to FTX bankruptcy. Go to Source Powered by WPeMatico
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator was “investigating the apparent failure of crypto asset platform FTX.” California’s … Read more
Ethereum turns deflationary for the first time since the Merge — ETH price still risks 50% drop
A bearish technical setup and a declining number of Ethereum whales pose downside risks for ETH price. Go to Source Powered by WPeMatico
Traders take a neutral position after Ethereum futures contracts see massive liquidations
ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations. Go to Source Powered by WPeMatico
FTX contagion victim Deepak.eth puts NFT collection up for sale
Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH. Go to Source Powered by WPeMatico
California regulators to investigate FTX crypto exchange collapse
The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously. Go to Source Powered by WPeMatico
Tether CTO confirms no plans to rescue FTX
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help. Go to Source Powered by WPeMatico
Major stablecoins destabilized as market volatility and redemptions surge
Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize. Go to Source Powered by WPeMatico
Tron-based tokens sell at 1200% premium as FTX users scramble to withdraw
The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece. Go to Source Powered by WPeMatico
