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FTX Collapse

Doge dog running in a dreamy green field with an XRP coin in its mouth.
Dogecoin (DOGE)
XRP, DOGE Shining Lights in Altcoin Market Depth Boost

Two veteran altcoins are raising the bar for the cryptosphere in an attempt to restore the 1% market depth.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Coins laying in front of a bank, a business man using his mobile. A banker facing forward winking.
Binance News
FTX Collapse Prompts Binance to Offer Bank Custody to Big Clients

Binance is looking to reduce clients’ concerns about keeping their funds with exchanges after the collapse of FTX.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Sam Bankman-Fried stands with his arms crossed wearing a mask. From his covered mouth is a speech bubble depicting several emojis: handshake, see no evil, Bahamas flag, island, house
Exchanges
Latest FTX Report Shows How Bad Things Really Were

The latest FTX report revealed shocking details about the inner workings of the failed crypto exchange.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Cartoon Alligator shouting SBF and alarm emoji through speech bubble.
FTX News
Australian Authorities Raised Alarm Over FTX Months Before Its Collapse

Australian regulators mandated that FTX Australia reveal details guiding its business operation before its collapse.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Bahamas policemen with bulletproof west and a helmet standing confused in front of a police station and police car
Exchanges
Bahamas Regulator Debunks Rumors About Asking SBF to Mint New Tokens

According to the Bahamas regulator, FTX's argument stems from incomplete information.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Solana CEO Anatoly Yakovenko carrying weights with Solana logo wearing gym clothes
FTX News
Solana Maintains Strong Developer Activity Despite FTX Collapse

Solana had more than 2000 active developers in the month of November.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
FTX News
Amber Group Completes $300 Million Funding Round to Combat a “Prolonged Crypto Winter”

Amber Group believes the funding will help protect its clients from volatile market conditions.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
FTX News
U.S. DOJ Appoints Nine-Member Creditors’ Committee to Represent FTX Account Holders

The committee will represent junior creditors and account holders as the DOJ look into the bankruptcy case of FTX.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
FTX News
U.S. Attorney Damian Williams Calls FTX One of History’s Biggest Frauds

Damien Williams blamed the cryptocurrency exchange for not being transparent about its business and risk management practices.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
FTX News
FTX CEO Makes Revealing Statements in US House Testimony

John Ray brought to light several irregular business activities related to FTX, including a dubious loan.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Gary Gensler CEO of SEC
FTX News
SEC Wants US Companies to Disclose Their Crypto Involvements Citing Disruption in the Markets

The SEC emphasized that firms must disclose their crypto involvements to their investors per federal securities laws.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
ECB Executive Fabio Panetta leaning on work table filled with paperwork
FTX News
“Crypto Assets May Move from Centralised to Decentralised Exchanges, Creating New Risks,” ECB Executive Fabio Panetta

Fabio Panetta also advised policy makers worldwide to ban all digital assets with a significant environmental impact.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Tiger shrimps at pink ocean above pink corals are carrying brown bags of bitcoin
Bitcoin (BTC)
Retail Bitcoin Holders’ Balances Surge Amid FTX Collapse

Since the FTX exchange collapsed, retail Bitcoin investors have been actively stockpiling the market leader.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Jihan Wu next to sack full of cash in front of Matrixport logo
FTX News
Crypto Lender Matrixport Seeks Funding at $1.5B Valuation Despite FTX Crash

Jihan Wu's Asian crypto lending giant brushes off the FTX crash.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
A cilinder with hands and a shield with Solana logo holding swords
Altcoins
Solana (SOL) Open Interest Surge Correlates with Weak Funding Rate Amid FTX Crisis

After FTX fell apart, Solana price action was hit hard. In just 10 days, it fell by more than 60%.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Pug behind locked black door with golden chain
Binance News
On-Chain Analyst Raises Alarm Over Binance SAFU Fund Backed by BNB

Similarities between Binance SAFU fund and FTT token-backed fund at FTX have prompted alarm from onchain analyst Willy Woo.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp