Genesis Crypto-Lending unit halts customer withdrawals
Genesis’ crypto-lending unit has announced that they are currently halting all customer withdrawals as a result of the FTX collapse.
New Development: Sam Bankman-Fried is Attempting to Raise New Capital to Fix FTX Problem
Founder and former CEO of FTX Sam Bankman-Fried is striving to raise fresh capital in a bid to make customers whole despite bankruptcy filings.
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey.
‘Rich Dad’ R. Kiyosaki calls FTX founder Bankman-Fried the ‘Bernie Madoff of crypto’
In light of the recent incident surrounding FTX, lawmakers from both parties are making a symbolic decision to return campaign donations from the cryptocurrency exchange’s senior executives.
Bitget Raises its Protection Fund to $300M to Reassure Users After FTX's Collapse
Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This is part of Bitget's major efforts in building the trust of the crypto market after FTX's collapse, leaving users with massive losses. The initiatives come along with a 5 million USD Builders' Fund to support FTX users, coupled with the plan to share the Merkle Tree Proof of Reserves, which is under preparation and will soon be released in 30 days.
FTX drainer sells more BNB, now 34th largest holder of ETH
A crypto wallet connected to the suspected drain of FTX accounts swapped a total of 34,000 BNB for 4,500 ether (ETH) and three million Binance USD (BUSD) this morning. It is now the 34th largest holder of ether.
FBI Mulling SBF Extradition As Bahamas Arm Of Exchange Files For Bankruptcy
The FBI is in talks with Bahamian authorities to extradite the 30-year-old crypto founder.
DeFi protocol Oxygen held 95% of supply on FTX
Solana-based decentralized prime brokerage platform Oxygen Protocol revealed on Nov. 15 that 95% of its MAPS and OXY tokens supply were held on bankrupt crypto exchange FTX.
Coinbase: FTX’s Collapse Will Likely Lead to an Extended Crypto Winter
The collapse of crypto exchange FTX derailed an emerging positive situation in cryptocurrency markets after the significant deleveraging of May and June left few, if any large, marginal sellers in the digital assets space, Coinbase (COIN) said in a research report Tuesday.
FTX’s Bahamas Arm Files for Bankruptcy Protection in US
FTX Digital Markets, the Bahamas arm of the now defunct crypto exchange, has filed for Chapter 15 bankruptcy proceedings in the Southern District of New York.
