Singapore State Investment Firm to Lose $275 Million The much-publicized FTX collapse painted a clear picture of what a financial contagion looks like. This is after several interlinked companies in the crypto space also went down with liquidity issues as…
FBI In Pursuit Of Sam Bankman-Fried As FTX Debacle Heats Up
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…
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…
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…
FTX Collapse Triggers Massive Run On Exchanges Pushing Bitcoin to Self-Custody Wallets
According to data reviewed by CryptoSlate, after the FTX collapse, investors are shifting significant quantities of Bitcoin (BTC) to their self-custody wallets and leaving Ethereum (ETH) to invest in stablecoins. BTC Rushes to Self Custody The amount of very liquid,…
FTX Assets Frozen By Bahamas Regulator As The Crypto Exchange’s Woes Continue
As Sam Bankman-Fried raced to raise as much as $8 billion to save FTX, the Bahamas securities regulator froze the assets of a portion of his crypto empire and moved to appoint a liquidator for one of his firms. Bahamas…
SEC Chairman Calls For Investor Protection Amid FTX Debacle, As Skepticism Rises
Gary Gensler, the chairman of the SEC, spoke about the current market crisis brought on by the FTX disaster in an interview with CNBC’s Squawk Box. Gensler, who has been promoting more regulation and pursuing several crypto businesses for fraud…
FTX Seeks $9.4B Bailout As Tron Explodes With News Of A Potential Takeover
Despite being criticized heavily by Kraken CEO Jesse Powell, FTX’s Sam Bankman-Fried has reached out to Kraken for a possible bailout. This is after a collapse in talks that FTX was having with Binance about a possible takeover. The most…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed to steal a staggering $125 million from Poloniex’s hot wallets in November. The audacious heist, which exploited vulnerabilities in the popular exchange’s security systems, showcased…
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 transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
