Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals
"We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," the Crypto.com...
Day: November 9, 2022
FTX and Binance’s ongoing saga: Everything that’s happened until now
The story between cryptocurrency exchanges Binance and FTX has quickly unfolded and caused havoc in the crypto market, here’s a...
SBF tells investors FTX needs $8B in emergency funding: WSJ
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a...
FTX website comes back online with message advising against deposits
Neither FTX CEO Sam Bankman-Fried nor any FTX official has provided its users with clarity as to why FTX’s website...
Solana TVL drops 32.4% as FTX turmoil rocks ecosystem
Cryptocurrencies understood to have exposure to Sam Bankman-Fried, FTX, and Alameda Research appear to have been impacted the most. The...
Bitcoin price hits multi-year low at $15.6K, analysts expect further downside
BTC and altcoins collapse following news that Binance declined to purchase FTX. Analysts share their perspectives on what’s next for...
Amid the FTX Confusion, Whistleblower Edward Snowden Says ‘Custodial Exchanges Were a Mistake’
Whistleblower and former NSA contractor, Edward Snowden, has been very vocal about the crypto economy in recent times. After publishing...
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’
The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted...
Maple Finance Lending Pool Delegate ‘Identified a Number of Key Weaknesses’ Tied to FTX’s Alameda Research
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year”...
Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’
Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not...
OKX, Kucoin say proof of reserves will be ready in a month
Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX. In the...
MiCA proponent cites FTX in advocating for regulation: ‘Crypto assets are not play money’
"With a global MiCA, the FTX crash would not have happened," said European Parliament economics committee member Stefan Berger. European...
Orthogonal Credit alleged key weaknesses in Alameda’s due diligence early in 2022
The firm pushed Maple Finance to halt Alameda's dedicated borrower pool earlier this year. Orthogonal Credit, an arm of the...
Breaking: FTX’s Binance rescue deal falls apart in less than 48 hours
Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement....
Alameda Research and FTX Ventures websites go dark
Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private. Websites linked...
