Billionaire Michael Saylor Says Bitcoin Will Come Out on Top Following FTX Collapse
Former Microstrategy CEO and Bitcoin bull Michael Saylor believes the fallout of FTX could actually benefit Bitcoin and spark further growth in the crypto industry.
Crypto.com CEO claims $1 billion recovered from FTX exposure
Crypto.com CEO Kris Marszalek came online to answer pressing questions from the industry after a weekend of simmering in hot water in the wake of FTX's filing for Chapter 11 bankruptcy protection.
CoinShares:Investors See the FTX Collapse as an Opportunity With Inflows Totalling US$42m
Digital asset investment products saw the largest inflows for 14 weeks totalling US$42m.
How Ukraine & FTX Laundered Millions Worth of Cryptocurrency
By early November, it was estimated that $200 million worth of cryptocurrencies had been donated to Ukraine through FTX.
Huobi Unable to Withdraw $13.2M in Customer Funds From FTX
Huobi announced that it is also a victim of the FTX scandal. It revealed in a notice that it was unable to withdraw $18.1 million from the now-bankrupt exchange. Of this, $13.2 million belongs to customers, with the remaining $5 million belonging to subsidiary Hbit.
FTX Stole From Ukraine Gave to Democrats
FTX launched crypto donation platform Aid for Ukraine in March, setting itself up as the central clearing house for all cryptocurrency donations to Kiev’s war effort.
Former Huobi CEO Leon Li Offers US$14 Mln Loan to Cover Funds Locked in FTX
Huobi Global’s ex-CEO Leon Li has reached a US$14 million loan agreement with New Huo Technology Holdings, in which he is the majority shareholder, after New Huo revealed one of its subsidiaries has US$18 million of cryptocurrency locked in the bankrupt FTX exchange, according to an <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/1114/2022111400129.pdf" target="_blank">announcement</a> on Monday.
Miami-Dade Mayor: FTX Paid $20M to County Before Naming Rights Deal Ended
The Miami Heat released a statement on Friday announcing the termination of all relationships with FTX.
Many FTX Workers Lost Their Life Savings Too, Employee Says
Furthermore, while SBF claimed he was hiring employees during the mid-year layoff frenzy, he was doing the opposite.
FTX Customers May Have Difficulty Recovering Most of Their Deposits
Balance sheet shows FTX had $900 million in liquid assets.
