FTX Failed Because of Humans, Not Crypto
Human greed and deception led to FTX’s fall. That’s why the antidote is not more regulations but could be found in blockchain’s original promises, writes Marieke Flament, CEO of NEAR Foundation.
Bitmain-Backed Crypto Mining Company Among Creditors Of Sam Bankman-Fried’s FTX
Singapore-based Bitfufu, backed by Chinese mining rig giant Bitmain, has filed claims for $11.7 million against crypto exchange FTX, which has revealed it owes more than $3 billion to its largest creditors as its bankruptcy process gets under way.
South Korea and Singapore Hit Hardest by FTX Collapse
On Nov. 20, crypto market data portal CoinGecko released a report on the countries most impacted by the FTX collapse.
Swiss Regulator Rejected FTX Europe's Trading License Application
FTX Europe, the European subsidiary of the now-collapsed global crypto giant, sought a trading license in Switzerland but failed. Meanwhile, the entity lost its Cypriot license amid the fallout.
Crypto Prices Fall As Filings Show Top 50 Creditors Are Owed $3.1 Billion
A list of the top 50 creditors of the FTX group of companies has been filed with the bankruptcy court, and the sum total amounts to $3.1 billion.
The End of FTX and the Future of Crypto
This last week in Crypto has been one of the worst I have witnessed.
Getting Funds Out of FTX Could Take Years or Even Decades: Lawyers
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.”
Bitcoin, Other Crypto Start Week Lower As FTX Collapse Continues Rumble Through the Industry
Bitcoin and Ether both fell in Monday morning trading in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. With the exception of XRP, all the top 10 also lost ground over the last seven days as more details emerged about the failure of the FTX exchange.
FTX Owes Almost $3.1 Billion to Its Top 50 Creditors, Filing Says
Embattled cryptocurrency exchange FTX owes more than $3 billion to its top 50 creditors.
'FTX Accounts Drainer' Offloads 50,000 ETH, Entity Uses Ren’s Bitcoin Gateway to Acquire BTC
The ethereum wallet known as the “FTX Accounts Drainer” has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held 250,735 ether, but by 7:44 a.m. (ET) on Nov. 20, the “FTX Accounts Drainer” transferred roughly 50,000 ether out of the wallet. By leveraging Ren’s bitcoin gateway, the entity has been swapping out the ethereum in exchange for bitcoin.
