Crypto News
Only $900 million in cash assets were available to support FTX’s $9 billion in debt
The Financial Times says that FTX had only $900 million in liquid assets vs $8.9 billion in liabilities on the verge of…
Explore
FTX
Crypto News
Kraken crypto exchange freezes accounts owned by FTX Group, Alameda Research and their executives
Kraken crypto exchange has frozen accounts owned by FTX Group, Alameda Research and their executives following their filing for Chapter 11 bankruptcy…
Crypto News
FTX files for bankruptcy after CEO Bankman-Fried resigned
In a notice posted to the FTX official Twitter account this morning, the company announced that Sam Bankman-Fried would step down as…
Crypto News
Tether’s chief technology officer says that there are no plans to save FTX
Despite the CEO reportedly reaching out to multiple firms for assistance, Tether has confirmed that it will not provide a cash injection…
Market News
FTX CEO sold FTX stock to employees at a 50% discount in the spring, according to sources
In the spring, FTX exchange CEO Sam Bankman-Fried offered employees a 50% discount on equity in the company. According to a person…
Crypto News
Employees at FTX US try to sell assets while the CEO is away, says Bloomberg
Employees at FTX’s cryptocurrency exchange business in the United States are attempting to sell company assets, in some cases without CEO Sam…
Crypto News
FTX.US to halt crypto trading within days
Sam Bankman-crypto Fried’s empire, which has a US branch called FTX.US, just revealed that it may soon put a trading freeze in…
Crypto News
FTX’s liquidity crisis presents an investment challenge for Canada’s Teacher’s Pension Fund
The FTX crypto exchange received an undisclosed sum from the pension fund as part of a $420 million funding round in October…
Market News
Genesis Trading claims that $175 million is locked up in the FTX following the exchange collapse
As it did following the bankruptcy of 3AC, Genesis Trading, the most recent company to declare exposure to FTX, may seek assistance…
Market News
US Senators are advancing a bill to enhance oversight of cryptocurrencies
The bipartisan authors of a Senate bill that would enhance oversight of cryptocurrencies like bitcoin that are regarded as digital commodities in…
Crypto News
Bahamas securities regulator freezes FTX exchange assets
On Thursday, the assets of the local branch of the troubled cryptocurrency exchange FTX were frozen by a Bahamas securities regulator. According…
Crypto News
Breaking: FTX CEO apologizes over FTX liquidity crisis
FTX CEO Sam Bankman-Fried has apologized in one of his first public statements since the crypto market was inundated with rumors and…