FTX News
Top Crypto Data Platform CoinMarketCap Launches Proof of Reserve Tracker
A new feature released by leading crypto price-tracking site CoinMarketCap reveals more data about crypto exchanges’ reserves — the asse...
Crypto Lender Genesis Warns Potential Bankruptcy
The fallout from the FTX fiasco could also topple crypto brokerage Genesis, which has warned customers it may need to file for bankruptcy un...
A Preview of Crypto.com’s Reserves Reveals 20% in SHIB Tokens
In the fallout of the swift and shocking collapse of FTX last week, rival exchange Crypto.com chose to share their cryptocurrency reserves p...
FTX CEO Sam Bankman-Fried Apologises in a Flurry of Tweets
Sam Bankman-Fried, CEO of FTX, took to Twitter on Thursday 10 November to offer an apology to his customers following FTX’s breathtakingly...
Binance Opts Not To Purchase FTX, Citing Significant Concerns Raised During Due Diligence
Binance, the world’s largest cryptocurrency exchange, has walked away from a deal to purchase cash-strapped rival FTX just one day after s...
Binance to Acquire FTX Following “Significant Liquidity Crunch”
Following days of rumours, heavyweight Twitter spats, and a frenzied bank run, Binance CEO Changpeng Zhao (CZ) has confirmed his exchange wi...
Binance to Liquidate FTX Token Holdings Following a Balance Sheet Report on FTX’s Sister Company
Speculation about the financial position of the Sam Bankman-Fried backed companies FTX and Alameda Research has led to Binance dumping its F...
FTX Finalises Deal with BlockFi, Option to Buy for Up to $240 Million
Embattled crypto lender BlockFi has signed a deal with FTX US, the American arm of Sam Bankman-Fried’s crypto exchange, which will see FTX...
FTX Founder ‘SBF’ Warns Some Crypto Exchanges Are ‘Already Insolvent’
One of the richest men in crypto, 30-year-old FTX founder and CEO Sam Bankman-Fried (also known as SBF), has warned that some “third-t...
FTX and Morgan Creek Want a Piece of Troubled Crypto Lender ‘BlockFi’
Less than a week after extending a US$250 million line of credit to BlockFi, Bahamian-based exchange FTX is now in talks to acquire a stake ...
FTX to Bail Out BlockFi With $250 Million Line of Credit
Crypto lender BlockFi has secured a deal with crypto exchange FTX for US$250 million in revolving credit, as tweeted by BlockFi CEO Zac Prin...
Claims Surface ‘Celsius’ Sent $320 Million to FTX Before Halting User Withdrawals
Before halting all withdrawals this week, crypto lending platform Celsius is alleged to have quickly transferred over US$320 million worth o...