FTX News
FTX Collapse Wipes Out $8B of SOL Market Cap, Price Dips by 62%
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...
CZ Believes 8 Billion People Will Use Crypto in a Few Years
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...
Jake Chervinsky Raise Questions Against the SEC’s Incapabilities
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 Bankruptcy Possibilities Cloud Crypto Market After FTX Storm
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’s Twitter Babble From Letters to Words Enrage Crypto Community
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 Criticizes New York Times Article of FTX CEO
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...
Jake Chervinsky Raise Questions Against the SEC’s Incapabilities
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...
‘Effective Altruism’ Is Now A Bad Word, Says Binance CEO CZ
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....
Binance Moves Forward with FTX Evidence to be Submitted to UK Courts
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 Assets Record $42M Inflow; Bitcoin Inflow Totals $19M
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 Raises $5 Million For Avalanche-Based NFT Marketplace Joepegs
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 on NYT’s Puff Piece and SBF’s “Crypto Empire Collapse”
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....
‘Withdrawals Are Being Processed as Usual’ Says Crypto.com CEO
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 Calls Do Kwon’s Criticism Against SBF Ironical, Disgusting
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...
Michael Saylor Talks About Crypto after FTX Crash: New Video
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 FTX CEO is The Wolf of Wall Street for Crypto
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...
Congressman Brad Sherman Vows To Investigate FTX CEOs
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...
‘FTX is the opposite of Bitcoin’ Says President Nayib Bukele
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...
After FTX, Crypto.com’s CRO Is Down 50% Due to Massive Withdrawals
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 Move Away from FTX Drama With Proof of Reserves
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 Slumps; What Can Be Expected From Its Current Green Candle?
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...
FTX’s SBF Under ‘Supervision’ in Bahamas, Wants to Flee to Dubai
FTX’s SBF is under supervision along with executives Gary Wang and Nishad Singh. They are reportedly attempting to flee to Dubai. Kraken has announced that FTX’s and its executives’ accounts...
XRP Community Calls for Investigations into FTX and Bankman-Fried
The Ripple community calls for investigations into the bankrupt FTX crypto exchange. The lawyer said the probe should benefit the regular consumer rather than the SEC vs. XRP type. Ripple...
Bitcoin Will Survive, But It Could Be a Long Winter: Elon Musk
Bitcoin will survive, but it may be a long winter, tweets Elon Musk. Elon Musk predicts that BTC, ETH, and DOGE will have a bright future. BTC fell below the...
John E Deaton Says SBF Did Not Create His Tax Shell Structure
John E Deaton highlighted that Bankman-Fried’s father was an expert in tax shelters. It is believed that Bankman-Fried’s father joined in creating the shell structure. Earlier today, two tweets went...
