Blockchain Analysts: FTX Hacker Funds are on The Move, Here’s Where They’re Headed
Funds said to be stolen from the now-bankrupt crypto exchange <a target="_blank" href="https://cryptonews.com/tags/ftx">FTX</a> are on the move, and likely headed for exchanges as hackers attempt to cash out the proceeds.
Singapore’s Watchdog Says Binance Placed on Investor Alert List Over FTX Due to Unlicensed Activity
The MAS revealed Binance was placed on the IAL because it actively seeks Singaporean users and has features that could be misinterpreted to mean it is licensed by the regulator.
FTX Owes Over $3 Billion to 50 Largest Creditors: Court Filing
Collapsed crypto exchange FTX owes nearly $3.1 billion to its top 50 creditors, as per filing from its Chapter 11 bankruptcy protection proceedings. It was earlier reported that the company may have more than one million creditors in total.
New FTX CEO Paid $1,300 an Hour, Court Filings Show
John Ray, the seasoned expert brought in to tidy up the wreckage of collapsed crypto exchange FTX, is billing $1,300 per hour for his trouble, court documents filed on Sunday show.
Governments Should Not Over-Regulate After FTX, Lead MiCA Negotiator Says
The European Union should hold off on more crypto regulation following the collapse of exchange giant FTX, European Parliament member Stefan Berger said on Twitter. The lead negotiator on the Markets in Crypto Assets (MiCA) file added that regulators should wait until new EU laws about crypto come into force.
‘FTX Drainer’ Swaps Another 20,000 Ether for Bitcoin
The individual or entity in question swapped 20,000 ETH ($22.4 million) for 1,023 renBTC ($16.3 million) on Monday. This follows the 50,000 ETH exchanged for 3,517 renBTC on Sunday. Blockchain security outfit PeckShield has been monitoring these transactions and on-chain data shows the hacker has bridged all 4,540 renBTC ($72.6 million) to Bitcoin, as of the time of publishing. PeckShield also tracked a Bitcoin wallet holding some of the bridged funds — this wallet currently holds 2,444 BTC ($39.4 million).
Assessing the Impact of the FTX Debacle on South Korea and More
South Korea has begun a probe into cryptocurrency exchanges in the country in relation to offering native tokens, as per a local news report. The Korea Financial Intelligence Unit (KoFIU) is the financial regulatory agency of South Korea. This regulatory body was investigating this matter in the wake of the bankruptcy filing of crypto exchange FTX.
FTX Japan Preparing to Allow Withdrawals by Year-End: Report
The Japanese arm of bankrupt crypto exchange FTX is preparing to resume customer withdrawals by the end of the year, according to a report by broadcaster NHK.
Singapore’s MAS Could Have Protected FTX Users
The Monetary Authority of Singapore (MAS) on Monday stated that it can’t protect FTX’s local users as the crypto exchange was not licensed by the MAS and operated offshore. Moreover, the MAS clarifies queries on why it added Binance to the Investor Alert List (IAL), but not FTX.
FTX Exchange Suffers $59M Loss Due to Hacking
The cryptocurrency exchange FTX has suffered a loss of above $59 million as the hacker offloaded several millions of dollars resulting in a further drop in the cryptocurrency.
