Bitcoin Struggles Below $17K on Month-Low Trading Volume Day (Weekend Watch)
Bitcoin has not made any decisive moves in days as the asset remains stuck below $17,000. This is expected to an extent today, given the unusually low trading volumes.
FTX Fraud Pushed Traders Into Stablecoins: Galaxy
As risk-off sentiment continues to dominate cryptocurrency trading patterns, investors are putting more money into what they hope is a safe haven: stablecoins. Stablecoin trading volume has been on the rise since news of FTX’s collapse broke and fears of contagion rocked the industry.
$500 Million Hack Against FTX Turns Out to Be Bahamas’ Regulator Seizing Assets
The cryptocurrency industry saw the spectacular collapse of one of its giants earlier this month, which ultimately resulted in FTX filing for Chapter 11 bankruptcy.
Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme
Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried to the infamous Ponzi Scheme of Bernie Madoff. “It felt very Bernie Madoff-like in that way,” she said.
Bankrupt Crypto Exchange FTX Begins Strategic Review of Global Assets
As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic review of their global assets. The review is an attempt to maximize recoverable value for stakeholders.
Grayscale Says No To Proof of Reserves
In a recent Twitter thread pondering the need for transparency in the industry after the collapse of FTX, Grayscale attempted to calm its investors’ fears, assuring them that the regulations that apply to its various entities make an FTX-like scenario nearly impossible.
The FTX Bankruptcy Report Is Wild Beyond Your Imagination
Imagine not being able to know who works for you, what their salary is, or any basic, crucial information that even your local street food vendor has.
FTX Former Employee: SBF Promised FTX Didn't Touch Customer Funds, but It Was a Lie
Nathaniel Whittemore, former head of marketing at FTX, shares how he and other FTX employees felt as they realized that they, along with the rest of the crypto industry, had been duped, lied to, and defrauded in a recent <a href="https://www.coindesk.com/podcasts/the-breakdown-with-nlw/sam-bankman-fraud-inside-the-collapse-of-ftxs-hollow-empire/">podcast</a>.
FTX Collapse Won't Impact Everyday Use of Crypto in Brazil, Says Transfero CEO
Reflecting on the recent fall of FTX, Thiago César, the CEO of fiat on-ramp provider Transfero Group said that the exchange’s fall has made crypto investment a “harder sell” for new investors and traders.
Press Release: FTX Launches Strategic Review of Its Global Assets
FTX and approximately 101 additional affiliated companies (together, the "FTX Debtors") announced that as a part of the Chapter 11 process, they are launching a strategic review of their global assets.
