FTX founder Sam Bankman-Fried may be extradited to the United States for questioning, according to reports from three persons with knowledge of the situation, according to Bloomberg News on Tuesday. Fears over the future of the cryptocurrency business have been…
Gemini Earn Affected As Genesis Crypto Lending Unit Halts Withdrawals
Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading has temporarily stopped accepting redemptions and initiating new loans, Interim CEO Derar Islim informed customers in a call on Wednesday. According to the company’s website,…
FTX Hacker Identified As One Of The Largest ETH Holders
The hacker who used an exploit to steal money from the now-defunct FTX has been revealed as the 35th-largest Ethereum owner, holding a total of 228,523 ETH valued at $284.82 million. The FTX Attack According to well-known cryptocurrency security company…
20 Million Dollar Losses Hidden by SolChicks NFT Executives
Solchicks, a play-to-earn PVP (Player-vs-Player) crypto game, is reportedly affected by the TerraUSD (UST)/ Luna collapse in May 2022. This information was made known by ZachXBT, an anonymous crypto twitter handle who is known for exposing anomalies and scams within…
BlockFi Denies Rumors that FTX has Big Chunk of Its Assets.
The recent FTX collapse has shaken investors’ confidence in the cryptocurrency space and the fear is not surprisingly spreading to other companies. BlockFi, a crypto trading and lending company, is now being hounded by reports that FTX and Alameda have…
Ripple Gets Big Boost As Court Grants All Amicus Brief Requests
As anticipated, US District Court Judge Analisa Torres has approved the petitions of Ripple partners to submit amicus papers in favor of the defendant’s motion for summary judgment. All Briefs Will Submittable Judge Analisa Torres allowed petitions from all 16…
FTX Contagion Pushes 300% Surge In Trezor Wallet Sales
Investors are gravitating toward hardware crypto wallets more and more as worries about centralized cryptocurrency exchanges grow in the aftermath of the FTX debacle. Sales Rising Each Week According to Josef Tetek, the company’s brand ambassador, Trezor, a leading hardware…
Crypto.com CEO Explains Why They Won’t Go Bankrupt As Insolvency Rumors Intensify
On November 14, Crypto.com CEO Kris Marszalek hosted an AMA to address worries about pressures resulting from market-wide insolvency. According to him, the platform is still functioning normally, albeit at a heightened level, given the state of the market. Is…
US Congressman Feels Vindicated In Historical Anti-crypto Stance, Claims FTX Paid to Deter Legislation
In a statement following the FTX fall, anti-crypto Congressman Brad Sherman said that FTX had supported Democrats in their efforts to influence crypto rules and that he was right to call for the SEC to take action against unregistered exchanges…
Binance to Bailout Strong but Struggling Crypto Projects With Launch Of “Recovery Fund”
Changpeng “CZ” Zhao, the CEO of Binance, announced on November 14 that the exchange would establish an industry recovery fund to aid solid enterprises facing a liquidity problem. CZ made the remarks in light of the current bear market liquidity…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
