Japanese Crypto Exchange Liquid Global Halts Withdrawals,Owned by FTX
The Japanese exchange lost $90 million in an attack in 2021. Liquid Global, which was bought by crypto exchange FTX earlier this year, said it is halting all withdrawals after FTX filed for Chapter 11 bankruptcy in the U.S.
Liquid Global Halts Withdrawals as FTX Contagion Continues
Cryptocurrency exchange Liquid Global today said it is halting all withdrawals—both fiat and crypto—from the platform.
US Politicians Donate Bankman-Fried Cash to Charity
Disgraced FTX founder and former crypto billionaire Sam Bankman-Fried was a prolific donor to US politicians. Now, his beneficiaries are grappling with the realities of accepting his money.
African Web3 Startup Nestcoin Declares It Held Its Assets in FTX, Lays Off Employees
African web3 startup Nestcoin has laid off some employees as FTX’s demise impacted its business. This information was shared by the startup’s CEO, Yele Bademosi, who, in a tweet, said FTX’s fall from grace affected his one-year-old startup, which held assets (cash and stablecoins) in the now-defunct crypto exchange to manage operational expenses.
FTX hacker sends troll messages via cryptic tokens in possible Pump & Dump scam
The FTX Hacker address — 0x59AB…fd32b — is sending cryptic tokens, including one labeled “WHAT HAPPENED” to addresses across the blockchain, including exchanges, Vitalik, and Uniswap.
Solana Foundation reveals minimal exposure to FTX
Solana (SOL) Foundation revealed that it held roughly $1 million worth of cash or its equivalent -less than 1% of its assets- on bankrupt crypto exchange FTX as of Nov. 6, according to a Nov. 14 blog post.
FTX Attacker Still Owns Altcoins Worth $338 Million
A day after FTX filed for bankruptcy, the firm’s hot wallets were drained by hackers, walking away with nearly $650 million in altcoins.
SoftBank Writes Down Nearly $100 Million Investment in FTX
SoftBank, which invested as part of its Vision Fund 2, revealed days ago that it sunk just under $100 million into the company. That investment is now marked down to zero with SoftBank saying “it would not face a material markdown in the value of its stake,” according to MarketWatch.
Crypto Twitter unhappy with SBF 'puff piece' pushed by mainstream media
When the world realized the fraud Sam Bankman-Fried (SBF) committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding billions of dollars incurred by the general public.
FCA Has No Good News for FTX Customers
The Financial Conduct Authority (<a href="https://www.financemagnates.com/tag/fca/" target="_blank">FCA</a>), the UK's financial markets regulator, recently presented a short notice for concerned FTX customers from Great Britain. The institution merely reminds us that it does not regulate the cryptocurrency market and investors are most likely left to face this problem on their own.
