Industry players worry that FTX collapse will bring more scrutiny to crypto market.
The bankrupt lending platform is looking for new partners after its $1.4 billion deal with FTX US fell through.
Matt Huang said that crypto venture capital giant had no other exposure to FTX except its reported $278 million investment.
The projects said that they’ve “retained legal advisors to assist” with protecting their users.
Cryptocurrency lending platform BlockFi is reportedly preparing to file for chapter 11 bankruptcy, citing the company's "significant exposure" to FTX.
The crypto venture fund said that despite the loss, company continues to function “as normal".
Ikigai CEO Travis Kling apologized for “losing investors’ money” and promoting the defunct exchange in the past.
Rapid growth and fall of Sam Bankman-Fried and FTX bear uncanny resemblances to the notorious Ponzi scheme architect, Bernie Madoff.
The payment processor behemoth said it’s monitoring the FTX situation closely.
Prominent crypto players slam FTX's Sam Bankman-Fried's FTX on Twitter for being a Ponzi scheme.
United States-based crypto exchange said it froze the accounts to “protect their creditors”.
Royal Bahamas Police Force is working with The Securities Commission of the Bahamas to “investigate if any criminal misconduct occurred”.
The derivatives firm said it “does not impact our market-making activities”.
The Chapter 11 bankruptcy involves over 130 companies under FTX group, including FTX.com, Alameda Research, and FTX US.
Firm said its priority is to “protect its clients and their interests” and warned users not to deposit to platform.
Sam Bankman-Fried has spoken publicly for the first time since the start of FTX (FTT) saga a few days ago.
The price of the FTX Token (FTT) has plummeted by 90.93% in the past 48 hours.
Gossip around crypto town suggests that Bukele might have kept the BTC stash on the collapsing FTX exchange.
Crypto exchange said it’s not affected by the FTX news. FTT it holds is currently worth around $27,000.
Binance has decided not to buy FTX because of problems that are "beyond our control or ability to help."
Pick the topics you want to read. You can unsubscribe at any time.
No spam. Unsubscribe in one click.
Thanks for joining. Your topics:
