October 30th, 2025
FTX (FTT) News - Page 44
FTX CEO Transferred More than $4B to Prop Up Alameda Research
By Godfrey Benjamin
November 10th, 2022
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.
Genesis Trading Reported Losses of $7M amid Market Volatility
By Bhushan Akolkar
November 10th, 2022
Amid the FTX crisis, Genesis Trading said that its management is working to effectively handle the company’s lending book and credit exposure.
Tom Brady and Gisele Bündchen Risk Losing $650M Investment in FTX Following Exchange Collapse
By Tolu Ajiboye
November 10th, 2022
NFL legend Tom Brady, and his former wife, are among several household names to lose sizable stakes following the recent FTX collapse.
Coinbase CEO: Lack of Regulatory Clarity Pushed 95% of Trading Activities Offshore
By Godfrey Benjamin
November 10th, 2022
While no particular country has gotten a perfect check when it comes to the evolution of digital currencies, some nations are arguably more advanced in terms of the regulation governing the industry than others.
Sequoia Capital Marks Down to Zero FTX Investment
By Tolu Ajiboye
November 10th, 2022
Amid the ongoing FTX financial crisis, Sequoia Capital has marked its $210 million investment with the exchange down to zero.
Justin Sun Teams Up with Distresses FTX on ‘Solution’
By Ibukun Ogundare
November 10th, 2022
Justin Sun did not state any details about the solution he is working on with FTX.
FTX CEO Told Investors Bankruptcy Is Likely if No Immediate Bailout
By Godfrey Benjamin
November 10th, 2022
From the current reality, FTX is likely to file for bankruptcy protection if it does not get the cash injections it needed to fulfill customers’ withdrawal requests.
Reasons for Binance to Withdraw from FTX Deal
By Tolu Ajiboye
November 10th, 2022
Binance is reportedly having second thoughts about acquiring FTX after reviewing the embattled exchange’s financials.
US SEC and CFTC Launch Probe into FTX’s Handling of Customer Funds
By Bhushan Akolkar
November 10th, 2022
The massive liquidity crisis at the FTX exchange has prompted calls for clear regulations in the US crypto market.
Binance Backs Out from FTX Deal in Major U-Turn
By Bhushan Akolkar
November 10th, 2022
Binance backs out of the FTX deal citing concerns over the mishandling of customers’ funds by FTX and alleged US agency investigations. The Crypto market loses another $100 billion.
Potential Binance-FTX Deal Pushes Bitcoin below $16K
By Babafemi Adebajo
November 10th, 2022
Bitcoin is in free fall and trading at around $16,700. A short-term squeeze is expected as institutional investors jump in to buy the dip.
FTX Approached OKX for Deal before Announcing Binance Possible Takeover
By Ibukun Ogundare
November 10th, 2022
The news came as FTX faced an apparent liquidity crunch following the collapse of its native token.
Cathie Wood’s Ark Invest Buys Additional $21.4M Worth of Coinbase Stock
By Tolu Ajiboye
November 9th, 2022
Following its purchase of Coinbase stock at the end of October, Ark Invest has added an additional 420,949 units of COIN.
Crypto Billionaire Sam Bankman-Fried Loses 93% of Net Worth in 1 Day
By Kofi Ansah
November 9th, 2022
The Bloomberg Billionaires Index estimated SBF’s wealth to be $15.6 billion on the morning of November 8.
FTX CEO Apologizes to Investors over Transparency Issues in Binance Deal
By Sanaa Sharma
November 9th, 2022
The address is a follow-up to the company’s massive struggle to stay afloat with the breakdown of its native FTT token, along with a run on the exchange that eventually led to the company having to pause all withdrawals.