$3 Billion in Bitcoin Left Exchanges This Week Amid FTX Contagion Fears
Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days.
$390M Worth of FTT Has Been Transferred to a New Address
According to PeckShieldAlert, 195.9M <a href="https://twitter.com/search?q=%24FTT&src=cashtag_click">$FTT</a> (~$390M) has been transferred from thee address labeled as FTX Deployer to a new address 0x2a4F...0d3. The address 0x2a4F...0d3 become Top1 holder of <a href="https://twitter.com/search?q=%24FTT&src=cashtag_click">$FTT</a>.
Paradigm Marked Down $290 Million Inverstment in FTX to Zero
Crypto investment firm Paradigm has told its limited partners that it marked down its investment in now bankrupt exchange group FTX to zero following its liquidity meltdown, according to two persons familiar with the matter.
Kraken Exchange Frozen Account Acess to Certain Funds Related to FTX
Kraken Exchange CSO announced they had identified the hacker related to FTX account draining.
FTX’s Bankman-Fried Interviewed by Bahamas Police and Regulators
In the Bahamas, law-enforcement inquiries don’t necessarily mean someone will be arrested or charged with a crime.
Regulator Denies Asking FTX to Prioritize Withdrawals for Bahamian Clients
In a statement on Nov. 12, the Securities Commission of The Bahamas (SCB) denied a Nov. 11<a href="https://twitter.com/ftx_official/status/1590783569471115264" target="_blank"> statement</a> from FTX on Twitter that suggested it had been instructed by “Bahamian HQ’s regulation and regulators” to facilitate the withdrawal of Bahamian funds.
BlockFi Employee: The Only Reason FTX Bailed Us Out Was to Get Our User Funds
From a BlockFi employee: "The only reason FTX bailed us out was to get our user funds onto their platform to use in their shell game. They applied immense pressure to get BlockFi funds migrated to FTX custody. Employees were told by executives not to ask questions about the move"
FatMan: Jump’s Role in Enabling the FTX Collateral Scam Needs to Be Investigated
Cryptocurrency & finance researcher, FatMan, from the Terra Research Forum, tweeted that "Jump's role in enabling the FTX collateral scam needs to be thoroughly investigated. "
Voyager’s Bid Reopening Process Might Have This Impact on VGX Holdings
Bankrupt crypto lender Voyager [VGX] announced the reopening of the bidding process for its assets on 11 November. The announcement was made after news broke that crypto exchange FTX US had filed for Chapter 11 bankruptcy protection.
Plaid Suspends FTX.US to User Data After ‘Concerning’ Reports
Plaid is a fintech company that facilitates communication between financial services apps and users’ banks and credit card providers. In FTX.US’ case, its products enable users to allow FTX.US customers to connect their bank accounts to the FTX app. This would then allow FTX.US to request payments that will be processed by the ACH network.
