Binance Scraps FTT-USDT Trading Pair From Both Spot and Perpetual Contracts
Binance, the world’s leading cryptocurrency exchange, has halted trading for the FTT/USDT trading pair following the FTX fallout.
SBF Wants To Raise Liquidity and Restart Bankrupt FTX
Former FTX’s founder, Sam Bankman-Fried, is attempting to raise liquidity to restart FTX, which has already begun bankruptcy proceedings.
Japan investment manager SoftBank reportedly writes down stake in FTX to zero
SoftBank Group will write down its stake in failed crypto exchange FTX to zero, according to a Barron’s report on Tuesday that cited unnamed sources.
ASIC Suspends FTX’s AFS License
The Australian Securities and Investments Commission (ASIC) has suspended the license of FTX Australia Pty Ltd, the local subsidiary of troubled cryptocurrency exchange FTX.com, until 15 May 2023. The move came as the entity was placed under voluntary administration on 11 November.
Sam Bankman-Fried Discloses Current Situation At FTX After Bankruptcy
FTX former CEO Sam Bankman-Fried plans to raise fresh capital to make customers whole after filing for Chapter 11 bankruptcy on Friday. Sam Bankman-Fried asserts his goal is to “raise liquidity, make customers whole, and restart.” He also disclosed the current liquid, semi-liquid, and illiquid assets at crypto exchange FTX. However, FTX may have over a million in creditors and institutional investors are pulling out of FTX
25% to 40% of Crypto Funds Were Exposed to FTX, Says Crypto Fund Research
Crypto funds affected by the FTX collapse have, on average, 7% to 12% of AUM locked on the exchange.
Bnk to the Future Announces Termination of LOI With SALT Blockchain, Inc.
Bnk To The Future has not been impacted from neither SALT nor FTX as Bnk To The Future has no direct or indirect connection with SALT or FTX and all client funds are fully segregated and uninvested.
Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last for a significant amount of time.”
What Happened at Alameda Research
To be clear, we still don’t have a perfect understanding of what exactly happened at Alameda Research and FTX.
FTX Collapse Shows a Need for Crypto Regulation—US Treasury Secretary Yellen
US Treasury Secretary Janet Yellen believes the FTX collapse shows weakness in the crypto industry and a need for regulation.
