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,…
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…
Crypto exchange Kraken‘s founder and chairman Jessee Powell shared his anguish regarding the FTX collapse on his Twitter account and said that it is time the crypto community should stop being too trusting and raised its standards. Powell’s 14-Tweet-long thread calls out to the whole of the crypto community, including investors, venture capitals, and regulators,…
Crypto influencer Cobie posted leaked messages allegedly sent by Sam Bankman-Fried to FTX staff on the exchange’s slack channel, detailing his plans for the coming week. A msg from SBF on FTX slack that got leaked to me by some telegram anon, have verified its real w another pic.twitter.com/XMjIM9nSkx — Cobie (@cobie) November 10, 2022 In…
Several crypto assets linked to Justin Sun, including Tron (TRX), Just (JST), Sun (SUN), BitTorrent Token (BTT), and Huobi Token (HT), have resumed trading on struggling crypto exchange FTX. #TRX trading on @FTX_Official has resumed. Working on withdrawal function. Stay tuned. — H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 10, 2022 Sun revealed this in a Nov….
Venture capital firm Sequoia Capital revealed that its investment in FTX is worthless, as it is marking the investment down to zero, according to a Nov. 10 note sent to its limited partners. Here is the note we sent to our LPs in GGFIII regarding FTX. pic.twitter.com/Cgp1Yxk1pz — Sequoia Capital (@sequoia) November 10, 2022 Sequoia…
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…
Binance has announced that it will not pursue its option to purchase FTX because of its due diligence and reports that a US agency was investigating the exchange over its handling of customers’ funds. As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US…
Alameda Research, the trading firm founded by FTX CEO Sam Bankman-Fried, has put its website into ‘private mode.’ The Squarespace-hosted website was updated on Nov. 9 to only be viewable to internal team members without any public announcement. Alameda Research FTX investment companies’ websites down SBF owned roughly 90% of the company as of 2021,…