FTX Hit by Nine-Figure Hack as Meltdown Continues
admin2022-11-12T09:51:43+00:00
Key Takeaways
FTX has been hacked. Over $400 million was drained from the cryptocurrency exchange early Saturday. Employees have moved remaining assets to cold storage. Some have suggested that the incident may be an inside job due to the ongoing FTX meltdown.Share this article
FTX.US General Counsel Ryne Miller said that assets had been moved to cold storage “to mitigate damage upon observing unauthorized transactions.”FTX Suffers Major Hack
FTX, the collapsed cryptocurrency exchange that’s been at the center of a rapidly...
Bloomberg Strategist: In Aftermath of FTX Collapse, Bitcoin Could Revisit $10K Support
admin2022-11-12T09:36:23+00:00Recently, Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on how the collapse of SBF’s FTX empire could impact Bitcoin price in the next several weeks. On Tuesday (8 November 2022), Binance CEO Changpeng Zhao (aka “CZ”) and former FTX CEO Samuel...
Elon Explains Why He Did Not Believe That SBF Had $3 Billion ‘Liquid’ To Invest in Twitter
admin2022-11-12T09:09:25+00:00On Saturday (12 November 2012), SpaceX, Tesla, and Twitter CEO Elon Musk confirmed that back in April he had asked Morgan Stanley’s Michael Grimes if former FTX CEO Samuel Bankman-Fried (aka “SBF”) really had $3 billion in liquid assets to invest in Twitter. It all started when a...
LBank Labs establishes crypto investment fund to support Web3 development in Africa
admin2022-11-12T07:45:57+00:00Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of regional development funds, including regions such as Korea, South East Asia, and more. This is the first of the sequence of new investment funds from LBank Labs. Africa is one of the areas with a lot of untapped potential for blockchain expansion. With new member Czhang on board LBank Labs, the...
Ethereum ($ETH) Co-Founder Vitalik Buterin on FTX’s “Virtue Signalling”
admin2022-11-12T03:59:26+00:00On Friday (11 November 2022), Ethereum Co-Founder Vitalik Buterin shared his thoughts on this week’s collapse of crypto exchange FTX. As you probably now, Samuel Bankman-Fried (aka “SBF”), the Co-Founder and CEO of troubled crypto exchange FTX, took to Twitter on Thursday (10 November 2022) to talk about how...
Binance Coin retests $315 as resistance, is it the right time to go short
admin2022-11-12T02:30:37+00:00Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Daily structure strongly bearish following rejection at $360 $280 and $260 are levels to watch out for, but it could be risky for the bulls Binance Coin crashed as far south as $260 on 9 November. The bounce to $313 turned out to be a bearish retest, and the coming days could see another leg downward for the exchange token. Read Binance Coin’s...
Celsius, Voyager Reveal FTX Exposure
admin2022-11-12T01:02:48+00:00
Key Takeaways
Celsius said today that it has $1.3 million locked with FTX and $13 million of loans to Alameda Research. Voyager also said that it has $3 million locked with FTX but recalled its loans from Alameda earlier. Voyager will also re-auction assets that FTX successfully bid upon during its own bankruptcy process.Share this article
Two of this summer’s biggest crypto bankruptcies—Celsius and Voyager—have revealed exposure to FTX, which could dramatically restructure their bankruptcy proceedings.Celsius Has $1.3M Locked, $13M Loans
Celsius reported...
Crypto Exchange Uphold Launches Debit Card With $XRP Rewards
admin2022-11-11T23:41:00+00:00Popular cryptocurrency exchange Uphold has announced the launch of a new crypto-linked debit card for customers in the United Kingdom offering them reward rates of up to 4% in the $XRP digital currency. According to a press released shared with CryptoGlobe, Uphold’s cryptocurrency debit card won’t charge non-sterling...