Correction: $17M FalconX Transfer Was Mislabeled as Alameda by Nansen and Etherscan
A $17 million USDC transfer Friday afternoon from wallets labeled by blockchain researcher Nansen as belonging to Alameda Research triggered alarms in light of recent "unauthorized" transfers of FTX and Alameda funds.
Bankrupt FTX Fires Three of Sam Bankman-Fried’s Top Deputies
FTX, the cryptocurrency exchange launched by Sam Bankman-Fried, said it fired three of the founder’s top deputies.
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit
A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against the company. The suit would be led by Ray Nasser, CEO of Arthur Mining, and will be brought by customers who had more than $100,000 on the exchange by the time of its bankruptcy.
Grayscale Cites Security Concerns for Withholding On-Chain Proof of Reserves
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.”
Wall Street Brokers Look to Buy Rights to Assets Trapped on FTX
Given the complex nature of the bankruptcy process, it could be years before any of FTX’s customers recover their funds, and they’re likely to receive only a small fraction of what they deposited. So the financial firms are competing to buy customers’ claims to those assets now at a discount and then profit when some portion of the funds are eventually turned over.
Racially-Delineated Social Caste System in USA Powered SBF’s Rise and FTX’s Collapse
I thought Alameda’s team were good traders, but it turns out they were just another crypto-punting bull market shop.
Genesis Block HK Has More Than $50 Million Stuck in FTX
Genesis Block HK, a crypto over-the-counter (OTC) trading firm based in Hong Kong, has funds stuck in the now-bankrupt crypto exchange FTX, two people with knowledge of the matter told The Block.
Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath
Crypto exchange Coinbase (COIN) is now faced with a number of new headwinds because of the <a href="https://www.coindesk.com/markets/2022/11/12/the-epic-collapse-of-sam-bankman-frieds-ftx-exchange-a-crypto-markets-timeline/">collapse of rival FTX</a>, Bank of America said Friday, as it downgraded its rating on the stock to neutral from buy.
FTX Trading Will Be at a Hearing on November 22 in Delaware
FTX Trading will be at a hearing on Nov. 22 in a bankruptcy court in Delaware, as the troubled exchange seeks to transfer a related case from New York to the Delaware court, according to a<a href="https://cases.ra.kroll.com/FTX/Home-DocketInfo" target="_blank"> court filing</a>.
FTX Spent $2 Billion on 'Acquisitions for Regulatory Purposes'
FTX spent nearly $2 billion on “acquisitions for regulatory purposes,” per a September 19 meeting minutes. In 2021, it bought out LedgerX LLC, a futures exchange, and grabbed three Commodity Futures Trading Commission (CFTC) licenses in one stroke.
