FTX News
Sequoia Capital Marks Down $210M FTX Investment to $0
Sequoia Capital announces investment mark down to $0. Due to the potential possibility of bankruptcy Sequoia has marked down its initial investment of $210 million. Sequoia Capital shared that its...
Binance Decides to Back Out from the FTX Acquisition Rescue
Binance is abandoning its plans to acquire FTX. Binance cited that FTX mishandled customer funds and is alleged to investigate. FTX, valued at $32 billion early this year, is in...
Jupiter Founder Speaks About Solana’s Issue after the fall of FTX
Founder of Jupiter exchange took to Twitter to address the Solana issue. Meow states know one knew which platform issued tokens like soBTC. Binance CEO states that the fall of...
Ben Armstrong Vows to Send Sam Bankman-Fried to Prison
Ben Armstrong, BitBoyCrypto coach and founder, holds evidence against SBF. BitBoy founder feels no sympathy for SBF’s bankruptcy and wants to send him to jail. Armstrong’s unfiltered remarks on SBF,...
Binance CEO Backs Out of Acquiring Bankrupt FTX Exchange
Binance CEO backed out of acquiring FTX exchange, citing many reasons. Zhao shares Binance’s internal note to come out clean “in the spirit of transparency.” The broken trust could trigger...
Zhao Tweets ‘Not Banned Just Not Licensed Yet’ in Singapore
Twitteratti is weighing sides between FTX and Binance. FTX CEO Sam’s net worth fell from $14.6 billion to $991M in the last 24 hours. Changpeng Zhao is on the defense...
Ontario Teachers’ Pension Plan Took a Hit on Investment in FTX
Ontario Teachers Pension Plan’s investment in FTX is being sold due to a liquidity crisis. There are ongoing discussions about competitor crypto exchange Binance acquiring FTX. The loss incurred by...
Crypto Industry Shells Out Million on US Midterm Elections
FTX’s Sam Bankman-Fried emerged sixth-largest individual donor for the campaigns. He has donated $36,793,95 to Democrats and $235,200 to Republicans. Crypto firms seek to present their perspectives better to the...
Binance-FTX Purchase Aftermath: Bitcoin Hits New Low Since 2020
Binance to buy rival cryptocurrency exchange FTX. Bitcoin fell below $19,000 at a 10% loss after the announcement. Major cryptos dropped in value including ETH losing 15% and SOL falling...
Hoskinson Talks About FTX and its Cascading Effect on Crypto Markets
Charles Hoskinson did a live stream talking about the recent FTX acquisition. Hoskinson also spoke about the integrity of crypto markets after such events. The CEO also stated that FTX...
Youtuber Coffeezilla Shares Insights About Collapse of FTX Exchange
Youtuber Coffeezilla breakdown the reasons for the collapse of the FTX exchange. Zhao selling tokens in the free market was intended to plummet FTT prices, says the Youtuber. Bankman-Fried let...
FTX Fiasco Leads to SOL Whale Liquidating Millions Amid Crypto Blood Bath
Major Solana whale has liquidated millions of SOL tokens. Binance-FTX fiasco is considered to be the major driver in the price drop. Solana has lost the spot as top 10...
CEO SBF Opens up After Binance Agrees to Acquire FTX
SBF breaks silence on FTX being acquired by Binance. The financial terms of the transaction have not been determined. Zhao signed a non-binding LOI to fully acquire FTX and help...
Binance Signs A Non-binding Contract to Aquire FTX Crypto Exchange
FTX crypto exchange called on Binance for help to protect its users. Binance agreed and signed a non-binding letter of intent to acquire the exchange. Previously, Binance CEO said they...
Miles Deutscher’s Analysis on SBF’s FTX Insolvency Rumors
Miles Speculates the fate of Almeda Research, and FTX is leading to insolvency. A leaked balance sheet showed FTX banking on unlocked FTT. CEO Caroline argued the sheet doesn’t reflect...
The Face-off between Binance and FTX Crypto Exchanges Explained
Binance is liquidating its whole FTT token holding as an exit risk management. Investigative reports revealed that FTX’s balance sheet contains FTT tokens with fewer independent assets. Analysts say the...
Crypto Exchange FTX Issues Support Updates; On Path of Recovery
FTX issued a series of support updates on its official Twitter handle. The team at FTX stated that the matching engines are running smoothly. The platform announced that it has...
SBF Appreciates His Community for Support During FTX Crisis
SBF thanked supporters for their help during the platform’s bad times. The tweet was in response to Binance’s decision to sell its FTX tokens. The CEO also addressed rumors spread...
Binance To Liquidate Its FTX Tokens As Post-Exit Risk Management
Changpeng Zhao announced that Binance would be liquidating all of its FTT holdings. Zhao confirmed that the move was a part of Binance’s plan to exit from FTX equity. Binance...
FTX CEO States Reasons for Backing Out from Joint Twitter Acquisition
Bankman-Fried states their strength was not needed as per Musk’s vision for Twitter. Since the acquisition didn’t make sense, Bankman-Fried said that they pulled away. The CEO of FTX believes...
SBF Confirms ADA Is Coming Soon on FTX, Hoskinson Responds
Sam Bankman-Fried confirms that he is working on adding ADA. SBF stated that since it’s a new blockchain, it takes some time to implement. Charles Hoskinson responds to SBF reply...
FTX To Bolster Its Presence By Expanding Services in MENA
FTX announced that they have officially launched their services in the UAE. UAE is already home to many crypto exchanges including Binance and Kraken. Bankman-Fried said in an interview that...
SBF Defends Crypto Regulation Proposal Against Erik Voorhees
CEO of ShapeShift and FTX CEO, SBF debate on proposed crypto regulations. “If DeFi front-ends catering to Americans need to be licensed, DeFi in America dies.” says Voorhees. Bankman-Fried stresses...
Hong Kong Government Announces Policy On Virtual Assets
Hong Kong Government published a policy statement on the development of crypto. The government of Hong Kong focuses on being open and inclusive towards the global community of crypto investors....
Bitboy Calls SBF Criminal as Duo’s Rivalry Flow Through Tweets
Crypto Youtuber Bitboy condemns FTX CEO, shares tweet calling him a criminal. FTX had recently named Coinbase while asked about the latest acquisition plan. SBF founded FTX in 2019 and...
