FTX News

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...

Genesis Global Trading discontinues withdrawals and new loan issuing. The firm’s spot, futures trading, and custody division are unaffected. Investors are reconsidering investing in units like Genesis Global Trading. On...

FBI and Bahamas plan to question Sam Bankman-Fried as part of the investigation on FTX fall. Since the collapse of FTX, investigation officials from both countries have been probing into...

Paradigm Co-founder Matt Huang shocked with the revelations about FTX, SBF, and Alameda Research. The FTX founder “did not align with crypto’s values,” states Huang. Crypto investor Choi chronicles the...

Early this month, SOL ranked the 9th largest crypto with a market cap of over $13.5. It currently trades at $14.20 after losing over 50% of its value in the...

The CEO of Binance believes that over 8 billion people will be using crypto in a few years. A majority of users believe it would not be possible, owing to...

Blockchain Association’s Head of Policy, Jake Chervinsky demands to see complaints lodged against FTX. Jake Chervinsky questions the “endless harassment and enforcement on US firms acting in good faith.” The...

BlockFi has suspended client withdrawals until further notice. SALT has paused deposits and withdrawals for users. DefiLlama’s founder reported that lending processes observed a major TVL fall. DeFi lending protocol...

SBF claimed that FTX US has enough to repay all customers. Bankman-Fried confessed publicly that his “one goal is to do right by his customers.” Twitterati is angered for losing...

Coinbase CEO Brian Armstrong criticizes the SBF New york Times puff piece. The New york times article ignores SBF’s criminal activities. Cardano Founder Charles Hoskinson says SBF was shielded by...

In a series of heated Twitter threads, lawyer and Blockchain Association’s Head of Policy Jake Chervinsky demanded to know “how many whistleblower complaints were filed with the SEC tipping them...

Michael Saylor stated that Bitcoin is ‘effective altruism.’ However, Binance’s CEO said the term now has a negative connotation. “Effective altruism laid the foundations for FTX Ponzi,” says the community....

Colin Wu tweeted about Bloomberg’s report on the decision of Binance to submit details of its FTT deal to the UK government. Explanations of Binance’s decision to sell FTT would...

Digital asset investment products observed the most significant inflow in 14 weeks, adding up to $42 million. Bitcoin records a $19 million inflow, the largest since August 2022. Blockchain equities...

FTX and Avalanche raised $5 million for the NFT marketplace Joepegs. Joepegs, launched in May 2022, generated $3.4 million in secondary NFT sales. Avalanche is the seventh-largest blockchain in terms...

Trung Phan along with Elon Musk term the NYT cover on SBF as a ‘puff piece. The Podcast co-host used the term, “criminal financial engineering f****ry” for SBF’s recent fallout....

Crypto.com’s CEO, Kris Marszalek, reassured users that withdrawals on Crypto.com were normally processing. A crypto user advises the community in reply to Marszalek’s post: “Take your money and run.” Binance’s...

FatMan mentions Do Kwon’s rebuke against SBF as ironical. The crypto researcher says Do Kwon tried to make himself look better after the Terra crash. FatMan also specified that both...

Coin Stories released a new video interviewing Michael Saylor. Saylor discusses his views on the value of crypto and the trust investors have in it. He talked about the dominance...

Michael Saylor says Bitcoin will benefit from the FTX collapse. Saylor compared the FTX CEO to Jordan Belford. He warned that more regulatory oversight on FTX is inevitable. According to...

FTX was a “dramatic demonstration of both the inherent risks of digital assets and the critical weaknesses in the industry. ’Congressman Sherman pledge to investigate and prosecute those responsible. Sherman...

El-Salvador President stated that BTC was created to prevent illicit activities. Twitter user indicates how BTC is resilient in the challenging crypto industry. El-Salvador ranks top among countries vulnerable to...

The native token of crypto.com Cronos(CRO) went down to a 22-month low. Withdrawals were triggered after CEO admitted to mishandling a $400M transaction. Binance CEO Zhao also suggested users to...

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...

XRP has been on a downfall with its current price hitting $0.3495. The coin has flipped by 25.9% in the past week. XRP holds the same pattern it had in...