Director of Portfolio Development at Pantera Capital, Franklin Bi, has created a Twitter thread discussing portfolio preventative measures taken following the recent FTX and Alameda Research fallout. 1/ The past few days have tested our industry, with fallout for months to come. Here’s an excerpt from a note to @PanteraCapital founders / investors re: impact…
Social media is flooded with posts from desperate FTX users asking for help to withdraw locked funds. According to Zane Tackett, the former Head of Institutional Sales at FTX, Bahamians are authorized to take funds off the platform despite a freeze on withdrawals at the troubled exchange. 1) Per our Bahamian HQ’s regulation and regulators,…
After Binance walked away from the FTX takeover deal, the cryptocurrency exchange has turned to Kraken for a possible bailout, Reuters reported, citing two people familiar with the development. The latest development emanates after FTX CEO Sam Bankman-Fried said he’s working on emergency moves to raise funds. Further, Tron founder Justin Sun has surfaced as…
Following on from one of the craziest days in crypto history on Nov. 9, the 24/7 crypto markets keep investors busy. Binance released its proof-of-reserves, FTX’s stablecoin balance nears zero, the Curve 3pool became concentrated with USDT, and 60,000 BTC left Binance. Rumors are brewing of an Alameda Research short position on Tether USDT as…
The world’s third largest exchange FTX collapsed within a matter of days and the community’s pain is visible to all on Crypto Twitter. The severity of losses Crypto Twitter has been plainly demonstrating the severe results of the FTX collapse. There are countless investors who had more than half of their funds on FTX and…
Solana (SOL) postponed its staking unlock period for two days while Solana developers were still able to unlock and liquidate their SOL tokens, according to crypto influencer @DrProfitCrypto. Solana, what a big scam. Peoples coins will be suddenly unlocked in two days instead of today, now after devs were able to unlock their own! +…
The Tether (USDT) stablecoin showed signs of wavering on Nov. 10, sinking as low as $0.9806 as market uncertainty continues to reign. Source: USDTUSD on TradingView.com The fallout from FTX’s insolvency woes has piled on sell pressure across crypto markets. The seven-day performance for the top 100 tokens has seen double-digit losses across the board….
As the saga of FTX’s utter collapse continues, Nexo tweeted that its exposure is zero following the recent withdrawal of its total balance held with the troubled exchange. .@Nexo has $0 net exposure to FTX/Alameda. As a conservative institution with stringent risk controls @Nexo has safeguarded *all* funds by withdrawing its entire balances from the…
The FTX.com domain went offline around 10 pm GMT for around 20 minutes before coming back online with a prominent red notice to users. The statement reads, “FTX is currently unable to process withdrawals. We strongly advise against depositing.” FTX.COM A further notice was added moments later stating, “All onboarding of new clients has been…
The Binance-FTX deal appears to be off as a source with knowledge of the matter and text conversations reviewed by Blockworks indicated that Binance won’t acquire FTX unless FTX.US is included. The source claims that Binance won’t consider the deal for FTX’s standalone operations due to the Federal Trade Commission opening an investigation into FTX…