FTX News

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FTX Statement Shows $1.6B BTC User Debt With Only $1M Available

Abdulkarim Abdulwahab - March 7, 2023

FTX owes its customers $1.6B BTC with only $1M available. The bankrupt firm has $5.5 billion in liquid assets and over $11.5 billion in liabilities. Last...

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Ex FTX CEO Appoints Tech Consultants For Bail Extension

Ross - March 2, 2023

Sam Bankman-Fried proposed Edward Stroz and Michael McGowan as technology consultants for his criminal fraud case. The consultants' backgrounds include experience in digital forensics and...

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Crypto Community Trolls Solana as it Suffers Major Network Outage

Abdulkarim Abdulwahab - February 26, 2023

Crypto community pokes fun at the Solan blockchain. On Saturday, Solana experienced a significant slowdown in block finalization. The network outage impacted the price of the...

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Indonesia Launches National Digital Asset Exchange; Reports Say

Nynu V Jamal - February 25, 2023

Indonesia would launch a National Digital Asset Exchange to rehabilitate the crypto sector. The exchange would scrutinize the private crypto firms. The new national exchange intends...

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Kevin O’Leary’s Calls For Regulation Of Exchanges Draws Criticism

Lisa walter - February 24, 2023

Kevin O’Leary recently made a tweet calling for greater regulation of crypto exchanges. The former FTX spokesperson claimed that more exchanges will go to zero...

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Federal Prosecutors Charge SBF with New Financial Crimes

Nynu V Jamal - February 24, 2023

SBF has been charged of four new financial criminal charges. The charges include conspiracy to commit bank fraud and involvement in an unlicensed money-transacting business. Allegedly,...

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Data Shows Binance Is Now the New Leader of Derivatives after FTX

Abdulkarim Abdulwahab - February 21, 2023

Binance exchange now leads the perpetual futures space with the hights offering. Kraken, Huobi, and BitMex offer below 100 perpetual futures instruments. Open Interest for derivative...

News

FTX Japan To Open Crypto and Fiat Withdrawal Tomorrow Noon JST

Abdulkarim Abdulwahab - February 20, 2023

FTX Japan customers will start withdrawing from noon tomorrow. The FTX-sister company emailed all eligible customers regarding the procedures. Previously, authorities gave FTX Japan three month...

News

Galois Capital Shuts Down: Remaining Assets Will Reach Investors

Nynu V Jamal - February 20, 2023

Galois Capital has decided to stop trading after being victimized by FTX's fall. A major share of the fund was trapped at FTX during its...

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