Crypto exchange Gemini services are down, causing speculation that it is the latest victim of the FTX crisis. However, the exchange has maintained on its status page that wire transfers are affected, but funds are secure. “Gemini is investigating reports of potential service disruptions. All customer accounts and funds remain completely secure,” Gemini said Further…
Nexo responded to rumors of insolvency that sprang up on Nov. 16 after its website stopped displaying the real-time audit of its assets versus liabilities and said the attestation would be back up soon. A Nexo representative told CryptoSlate that similar oracle technical difficulties have happened in the past and it had already reached out…
Gemini, a cryptocurrency exchange based in the U.S., said that it has paused withdrawals on its Earn program. Genesis Global, the lending partner of the Earn program, is no longer able to meet customer redemptions as mandated in its service-level agreement (SLA). The exchange said it was working with the Genesis team to help its…
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The hacker who used an exploit to steal funds from the now-bankrupt FTX has emerged as the 35th-largest owner of Ethereum, with a total of 228,523 ETH worth $284.82 million. The FTX exploiter, who has been dumping all other drained assets for ETH, is now one of the largest holders in the world, with 228,523…
Ex-FTX CEO Sam Bankman Fried said in a recent tweet that Alameda had more assets than liabilities as of Nov. 7, just a few days before it filed for bankruptcy, but noted that the assets were not liquid. Bankman-Fried maintains that FTX US had enough money to repay all customers as of Nov. 7. He…
Transactions on the Three Arrows Capital (3AC) wallet have been revitalized as funds began to move again in its main wallet. Large movements of Ethereum (ETH), USDT, and USDC can be seen in the image above, transacting between Nov. 9 and Nov. 11. A total of over $20 million in the three crypto assets was…
The total value locked (TVL) in Solana (SOL) network’s decentralized finance (DeFi) ecosystem stood at $330 million as of Nov. 14 — signifying a drop of 96.75% from a peak of $10.17 billion in December 2021, according to DeFiLlama data. TVL in Solana DeFi progressively fell throughout 2022, driven by SOL’s dropping value and the…
Solana (SOL) Foundation revealed that it held roughly $1 million worth of cash or its equivalent -less than 1% of its assets- on bankrupt crypto exchange FTX as of Nov. 6, according to a Nov. 14 blog post. According to the Foundation, it also had 3.43 million FTX tokens (FTT) and 134.54 million Serum (SRM)…
BlockFi has responded to the controversies surrounding FTX and its reported connection to the embattled cryptocurrency exchange in a recent statement to its users. The crypto firm denied allegations that most of its assets are on FTX and described the rumor as “false.” Though BlockFi admitted that it has a “significant exposure” to the exchange….