What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
Bankrupt FTX’s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58, according to CryptoSlate’s data. The embattled exchange token has risen by more than 170% on the seven days metrics. The impressive price performance has pushed it to its highest level since FTX…
Bankrupt firm Three Arrows Capital’s co-founder Zhu Su alleged that Digital Currency Group (DCG) and FTX conspired to attack Terra LUNA and staked Ethereum (stETH) in a Jan. 3 Twitter thread. The hedge fund co-founder said this was possible because of the close relationship between Sam Bankman-Fried and DCG CEO Barry Silbert. According to Zhu Su,…
FTX former CEO Sam Bankman-Fried supports restarting the bankrupt exchange by issuing new FTT tokens to creditors and giving 100% profits to token holders. I continue to think that this would be a productive path for parties to explore! I *hope* that the teams in place will do so. — SBF (@SBF_FTX) December 9, 2022 Crypto…
An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto firms Alameda Research and FTX over the past year. FTX’s FTT Transfers to Genesis (Source: Arkham Intelligence) FTX’s FTT Transfers to Genesis (Source: Arkham Intelligence) For context, Genesis received $932.56 million worth…
The fallout from FTX’s insolvency has already shaken the crypto industry to its core. After several days of speculation about the state of FTX’s balance sheet, the exchange yielded and admitted defeat, announcing that it was in process of being acquired by Binance. The tension that arose from speculation strained the market, which took a…
Galaxy Digital, one of the largest crypto financial services firms on the market, released its financial results for the third quarter of the year. The report revealed that the company has an exposure of approximately $76.8 million in cash and cryptocurrencies to FTX. Out of the $76.8 million, $47.5 million is currently “in the withdrawal…
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you…
On-chain data has shown that FTX has stopped processing withdrawals for around two hours. According to data analyzed by CryptoSlate, the last outgoing transaction from FTX on Ethereum was recorded at around 6:18 a.m. EST. Etherscan showed no outgoing transaction from FTX’s address since then, further fueling rumors about the exchange’s liquidity position. Table showing…
FTX’s FTT token lost roughly 30% of its value in the last 24 hours after 1.9 million FTT tokens — worth roughly $44 million at the time — were moved from the Genesis over-the-counter (OTC) Desk to FTX on Nov. 8, according to Wu Blockchain. FTT suddenly plunged 14% in 1 hour, and SOL fell…