Former Huobi-linked entity says it has $18.1 million stuck on FTX
Lin Li, the company's founder, has agreed to lending up to $14 million to New Huo Technology to bailout affected clients.
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Lin Li, the company's founder, has agreed to lending up to $14 million to New Huo Technology to bailout affected clients.
A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11.
CEO Marszalek says the firm has recovered much of the funds and has less than $10M in exposure to FTX.
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,”…
Short CRO traders were paying as much as 3% premium to long traders on Nov. 14, reflecting extreme bearishness in its futures market.
Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.
In a previous post on Twitter, the AAX exchange said it has no financial exposure to FTX and its affiliates.
Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think…
Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels.
Kraken said it froze account access to certain funds “we suspect to be associated with ‘fraud, negligence or misconduct’ related to FTX.”