The fallout over the collapse of cryptocurrency exchange FTX continues. On Friday, the embattled company filed for Chapter 11 bankruptcy protection, noting that...
FTX, the massive crypto exchange that recently went bankrupt, announced that it fell victim to a hack of over $400 million last week. The crypto exchange filed for bankruptcy last week following questionable practices from its CEO and other executives. The threat actor was able to steal more than $400 million from FTX before the funds went […]
“FTX is fine. Assets are fine,” Sam Bankman Fried said in a tweet on November 7 just four days before crypto exchange FTX filed for Chapter 11 bankruptcy. Virtually no one saw it coming except for a few people in […]
The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO
With the devastating collapse of the FTX exchange, the digital asset industry has experienced the most shocking insolvency of a custodian since Mt Gox. In this report, we analyze the FTX bank run, seeking of safety in self-custody, and the response of Bitcoin's strongest hands.
By Cornelius Christian FTX, once the third largest crypto exchange by trading volume, collapsed over the past week as its native token, FTT, lost over 80 percent of its value. The firm has now filed for Chapter 11 bankruptcy protection, and its collapse could impact the entire crypto sector, said Ran Neuner, Host and […]
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. (Read More)