“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct occurred.” Bahamas Law Enforcement Looks Into FTX Collapse After the Bahamas securities regulator took action […]

According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that the exchange has fallen, it’s suspected that Serum’s upgrade authority is tainted. A So-Called ‘Trustless’ Defi Protocol With […]

Reflections from an interview with Sam Bankman-Fried for the book "Block Kong".

The post When “Block Kong” interviewed SBF appeared first on Digital Finance.

It’s an epic fall from grace. In just a matter of days, FTX founder and CEO Sam Bankman-Fried (also known as SBF) went from being a multi-billionaire with at least a $16 billion net worth to losing all of his […]

The post Elon Musk: “FTX’s Sam Bankman-Fried was a major Democratic Party donor, so no investigation” appeared first on Tech News | Startups News.

As the story of the collapse of FTX unfolds, investors are beginning to worry about the fallout and long-term implications on the entire crypto industry. The fall of FTX has reignited discussions about the opaque nature of crypto exchanges, their lack […]

The post Elon Musk tells investors to get out of crypto exchanges and keep their cryptos in cold wallets; “Not your keys, not your coins” appeared first on Tech News | Startups News.

The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history’s greatest-ever destructions of wealth. The downfall...

The sudden move by cryptocurrency exchange Binance to first announce that it might acquire its competitor FTX on Tuesday and then opt out of it caused a surge in volatility in the markets for digital assets.

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Reports early Tuesday are that the FTX exchange has halted withdrawals. The finding was first noted by The Block, who reported that on-chain data from the Ethereum, Solana, and Tron indicate FTX has stopped processing withdrawal requests for clients. The last outgoing transaction from FTX took place at 6:37 a.m. ET on the Ethereum blockchain. […]

The post Withdrawals not Halted at FTX: Instead Binance will Buy FTX appeared first on Coin Bureau.