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Crypto.com clarifies it did not lose $1 billion in crypto to FTX but instead lost a much smaller $10 million stake.
Several Solana-based DeFi protocols started unplugging from Serum as they weren’t sure who wielded absolute control over it.
Sources familiar with the matter explained the blurred lines in the functioning of FTX and Alameda Research and how the employees were kept in the dark over the misuse of customers’ funds.
It appears that the friendship between the Bahamas and FTX is gradually coming to an end with the ongoing scrutiny.
Huobi has reiterated that it will remain adamant about protecting and not appropriating users’ funds, which shall be fully redeemable and withdrawable.
About $400 million worth of FTT tokens were launched on Sunday, but there might be more to the release than meets the eye.
Bitcoin price has dropped over 23 percent in the last seven days to trade below $16k on Monday following the FTX collapse.
The outcome of the US mid-term elections seems to have little impact on the crypto space which is still suffering the jolt of FTX collapse. Bitcoin makes a fresh 2022-low.
Notably, the accidental ETH transfer is not the first of its kind for Crypto.com. The crypto firm made headlines when it said it had accidentally sent AUD$10.5 million to a client.
Tron and Tron-based tokens have surged between 500% and 4000% on the FTX exchange as the exchange pursues alternative options to get out of its liquidity crunch.
The data has sent a positive signal to investors that inflation in the US has peaked, a good development for the broader economy.
The options left for FTX and Alameda Research are notably streamlined at this time. The expectation that the company’s assets outside of its US subsidiary will be acquired by Binance exchange fell apart as Binance pulled out of the deal.
Amid the FTX crisis, Genesis Trading said that its management is working to effectively handle the company’s lending book and credit exposure.
NFL legend Tom Brady, and his former wife, are among several household names to lose sizable stakes following the recent FTX collapse.
Justin Sun did not state any details about the solution he is working on with FTX.