FTX
FTX was a leading cryptocurrency exchange specializing in derivatives and leveraged products. Founded in 2018 by MIT graduate Sam Bankman-Fried, it was the world's third-largest exchange as of July 2021. FTX offered a wide range of trading products, including derivatives, options, and spot markets in over 300 cryptocurrency trading pairs. However, in November 2022, FTX filed for Chapter 11 bankruptcy protection, and Bankman-Fried resigned. The bankruptcy filing revealed $8 billion of liabilities and a valuation drop from $32 billion to worthless. Bankman-Fried was indicted on charges of fraud, conspiracy, and money laundering, facing up to 115 years in jail if convicted.
Trust Wallet connects Binance Pay and Coinbase Pay
Trust Wallet launched its browser extension, now available in Chrome and Opera browsers. The extension lets users store, send and receive crypto across all EVM chains and Solana networks. Binance CEO Changpeng Zhao publicly endorsed Trust Wallet, stating "self-custody is a fundamental human right".
Wrapped Tokens Issued by FTX or Alameda Slumps, No Longer Redeemable
Following the filed Chapter 11 bankruptcy from FTX, the wrapped tokens issued by the crypto exchange or its sister trading shop Alameda Research have now undergone a price decline.
FTX Affirms to 'Unauthorized Access’ to Some Assets, Working With Law Enforcement
After confirming the recent incident of unauthorized access" to its crypto holdings, citing a hack, FTX’s general counsel Ryne Miller took to his Twitter on Saturday to explain that the exchange is now working with law enforcement
Mercedes F1 Team Terminates FTX Partnership
Mercedes formula one (F1) team suspended its sponsorship deal with troubled crypto exchange FTX.
Galois Capital Declares Half of its Funds is Stuck with FTX
Galois Capital has revealed it has significant exposure to the bankrupt FTX
Elon Musk Weighs in on Sam Bankman-Fried Post FTX Meltdown
Elon Musk said he did not believe FTX's former CEO, Sam Bankman-Fried did not have the capacity to invest in Twitter
Binance CEO Says the Industry has been Setback a Few Years With FTX Saga
The collapse of FTX, according to Binance CEO, Changpeng Zhao has set the industry back by a few years
FTX Officials Says the Exchange Has Been Compromised by Hackers
Despite being the most embattled exchange, FTX has suffered a multi-million cyberattack
FTX to Have Its European Operating License Suspended
Following its turmoil, the FTX’s European license is now said to be soon suspended by Cyprus regulators, according to a report.
FTX Enters Bankruptcy as Sam Bankman-Fried Steps Down as CEO
Troubled crypto exchange FTX filed for Chapter 11 bankruptcy protection in the U.S., with Sam Bankman-Fried resigning as the CEO.
White House Asks Regulators to Enforce Crypto Rules Citing FTX Crises
White House's Press Sec Karine Jean-Pierre said the administration is monitoring the FTX saga
Despite Closed Door, Justin Sun Says He's Ready to Inject Billions into FTX - Report
Justin Sun of Tron blockchain said he is ready to commit billions to bail out FTX
It is High Time to Rethink Holding Strategies as FTX Crisis Roams, Says Blockchain.com CEO
Speaking on CNBC’s “Closing Bell” Thursday, Blockchain.com CEO Peter Smith deemed the collapse of crypto exchange FTX as “a tragedy and total failure of governance.”
Crypto Social Activities Hit ATH with Over 6.9 Billion Engagements amid FTX Crisis
The unfolding FTX saga has made social engagement, social mentions, and social contributions reach historic highs in the crypto market, according to social intelligence company LunarCrush.
Bitcoin Gains Momentum Based on Positive CPI Numbers
After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin gained momentum based on positive consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics.