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On Nov. 17, crypto compliance company Chainalysis posted a market update, and it was not all doom and gloom. The firm acknowledged that other companies may face insolvency issues in…
As the remains of FTX continue to circle the drain amidst a storm of cryptic tweets from the former CEO, more and more firms have taken the necessary measures to…
The Australian Securities & Investments Commission (ASIC) suspended the FTX Australia license until May 15, 2023, following the exchange’s recent fiasco. The crash has affected around 30,000 Aussie consumers who…
FTX is trying to do damage control in the midst of a bankruptcy process that has sent shockwaves throughout the whole crypto industry. In a small Twitter thread, the official…
The unforgivable mishandling of customer funds has left millions of users with trapped funds, crippled years of constructive industry reputation, and triggered new credit contagion risks. Amidst this chaos, the…
The American billionaire investor Charlie Munger reiterated his negative tone on the crypto sector, saying bitcoin stimulates child prostitution, kidnappings, and other criminal affairs. He also argued that the FTX…
FTX investors have sued the company’s ex-CEO Sam Bankman-Fried for illegally offering yield-bearing crypto accounts at the now insolvent exchange. The lawsuit, filed in Miami on Tuesday, alleges that FTX’s…
Amidst speculation over Sam Bankman-Fried’s whereabouts, the authorities are mulling over extraditing the former CEO of the bankrupt crypto exchange, FTX, back to the United States. According to the latest…
Crypto brokerage firm Genesis Global Trading has paused withdrawals for its lending business, which has been impacted by the FTX crisis. The company blamed large withdrawals from customers due to…
The past couple of weeks has shaken the cryptocurrency industry to its core. FTX filed for bankruptcy after a massive liquidity crunch and an inability to honor their customers’ withdrawal…