Exchange News

FTX spent at least $121 million on premium property for staff, including seven condos at Albany resort. The fallen FTX CEO’s parents now own a $16.4 million vacation home in...

Jason Morton, Owen Morton, and Shane Morton alleged that Nexo Capital Inc. blocked them from withdrawing their assets from the exchange. They claimed that they were threatened and blocked and...

Five victims fell prey to a crypto scam that involved spoofed domains of the former Singaporean Exchange Simex. The victims residing in the U.S. lost more than $10 million. The...

CMC, crypto trading market platform, introduced the Proof of Reserve feature on-site. Users will be able to see exchanges that are verified, with their reserve data available. The crypto community...

The U.S. Federal Prosecutors investigated FTX months before its crash. Authorities probed FTX’s various arms, also the massive exchange operations. The findings of the investigation are yet to be disclosed....

Binance leads Coinbase with the most BTC reserves for the first time. Binance’s ultimate rise in the bear market could affect bitcoin. Binances increased exchange reserves imply that its CEO...

$5.4 billion worth of ETH has been withdrawn from exchanges over the last week. The weekly netflow for Binance was -$2.3 billion. ETH is currently trading at $1,219.29 according to...

Bankrupt crypto FTX has fired three top executives, including a co-founder. Previously, FTX secured $420 million in fundraising valuing it at $25 billion. FTX’s former CEO sold a $300 million...

ADGM granted Binance the Financial Services Permission from the Financial Services Regulatory Authority. Binance will be able to offer custodial services to professional clients in and out of the ADGM...

Binance CEO Changpeng Zhao declares eight new investment deals. While the investment amount is small, the Binance founder finds them to be “good projects.” Binance has announced an “industry recovery...

Coinbase issued a notice to convey they have a sound risk management program and strong capital. The notice was issued to iterate how Coinbase was different from the other platforms....

Cryptocurrency exchange Gemini observes withdrawals worth $570 million. Gemini is suffering repercussions of the FTX collapse as fears cloud the crypto industry. Gemini’s digital asset balances dropped from $2.2 billion...

A recent study shows why retail investors put money in cryptocurrencies despite falling prices. The study by the Bank of International Settlements reveals what is the driving factor of the...

Crypto exchanges are publishing proof of reserves amidst the FTX meltdown. FTX is investigating unauthorized withdrawals worth $477 million. Binance has suspended FTT deposits and withdrawals. Binance and other crypto...

Crypto.com mistakenly sent around $400 million ETH to the wrong address. After the FTX bankruptcy, investors fear the failure of another exchange. ETH sent was withdrawn from Gate team and...

Crypto.com has repeatedly transferred millions of dollars to the incorrect users. It sent 320k units of Ethereum token to the Gate.io crypto exchange. The crypto community speculates that probably the...

Binance CEO tagged a report by Bloomberg as ‘poop journalism.’ Bloomberg reported that Binance’s reserves comprised primarily of an owned token,  BUSD. CEO Zhao said its exchange is not the...

Crypto.com’s largest portfolio allocations include ETH, BTC and SHIB. SHIB is the exchange’s second largest reserve holdings. In related news, the price of CRO has dropped 13% over the last...

A finding by Reuters alleged that over $1 billion of customer funds vanished from FTX’s coffers. FTX’s former CEO reportedly transferred $10 billion of customer funds to Alameda, most of...

FTX suffers a $600 million crypto hack. FTX support team instructs users to delete all FTX apps. ETH, SOL and BNB exit FTX and move to other DEXs. Cryptocurrency exchange...

Analysts investigate SoftBank’s exposure to FTX. Softbank participated in two $900 million and $400 million seed rounds, respectively. Sequoia Capital has released a statement marking down the investment to $0....

Binance’s deal to purchase FTX fell through on November 9. Kraken announced it’s not affected by FTX’s new in any “material way.” The exchange did not list any FTT tokens...

KuCoin exchange went under temporary maintenance unannounced, causing FUD. On-chain data claim KuCoin was the most withdrawn exchange, even more than the embattled FTX.  Further data inspection showed the exchange...

Binance announces it will buy rival cryptocurrency exchange FTX. Robinhood stocks fall by 20% trading around $9.74. Sam Bankman-Fried might sell his 7.6% stake in Robinhood. After the news of...

Five major exchanges, including Gate.io, Binance, Huobi, OKX, and Bitget, have announced that they will follow the Merkle tree structure to provide complete transparency. Changpeng Zhao, the CEO of Binance,...