FTX News

European Central Bank’s finance head warned regulators against crypto asset providers. The ECB said crypto asset providers are “a huge consumer protection issue”. ECB chair called crypto asset providers “animals...

BTC trades at $16,572.4, down 0.5% in the past 24 hours. Investors have been withdrawing BTC at a rate of 106,000 BTC/month. Glassnode reported this data and wrote that the...

Customers of FTX face a slim chance of recovering much of their deposits, as the crypto exchange has $9 billion in liabilities, but only $900 million in liquid assets. In...

Miami Heat and Miami-Dade County also want a new naming rights partner for the arena. Both teams called the filing made by FTX for bankruptcy as “extremely disappointing”. The arena...

FTX offered 8% interest on USD deposit product a few months before its collapse.  Binance CEO said people should avoid businesses that offer high incentives for locking tokens.  The embattled...

Sam Bankman of FTX offered Elon Musk $3 billion to help acquire Twitter. The FTX CEO also proposed a blockchain integration for Twitter. Musk says SBF set off his “BS...

Cardano’s co-founder said that ‘crypto didn’t fail but people failed’. FTX’s case can damage the industry or possibly offshore the American crypto industry. He suggested honest and better standards for...

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...

US labor statistics bureau reported an increase of 0.4% increase in October. If the bulls keep pushing BTC it could hit $19,400, the region where it fluctuates. Ethereum too shows...

US jurisdiction would not apply to FTX since it didn’t have any US customers. Lawyer Chervinsky feels applying regulations would be counterproductive. The community believes US regulations will push investors...

FTX exchange resumes withdrawals of Ethereum and Polygon. The near-bankrupt exchange decided to halt withdrawals due to a liquidity crunch. FTX takes an unprecedented fall and seems to have a...

Minnesota lawmaker claimed that Gensler was backing FTX and its founder. FTX and Bankman-Fried are accused of finding legal ways to obtain a regulatory monopoly. Dane Lund added that ties...

White House Secretary said stronger oversight of crypto is necessary to prevent hurting Americans. Binance CEO said FTX’s fall was terrible for the crypto industry due to its implications. The...

FTX founder Sam Bankman-Fried admits mistakes and apologizes to users publicly. Followers and foes leap at his Twitter handle to share views on his public pardon. Binance backs out on...

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....

Arthur Hayes predicts that some digital assets could help FTX from its fall. He said that Bitcoin, Ethereum, and Solana would surge, helping FTX. Hayes also opined about the possibility...

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 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...

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, 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 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...

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’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...

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...