FTX files for bankruptcy - Bankman-Fried steps down as CEO

BlockFi exploring a bankruptcy filing - WSJ

November 15, 2022 1:35 PM EST

Cryptocurrency lender BlockFi is exploring a bankruptcy filing, according to a report by The Wall Street Journal on Tuesday.

Last week, BlockFi halted withdrawals and limited activity on its platform, explaining that it has "significant exposure" to FTX as crypto firms feel the knock-on effects of the exchange's... More

FTX to file for U.S. bankruptcy protection, CEO Bankman-Fried resigns

November 11, 2022 9:21 AM EST

(Reuters) -FTX will initiate bankruptcy proceedings in the United States while its Chief Executive Sam Bankman-Fried resigned, the embattled cryptocurrency exchange said on Friday, triggering what could be one of the biggest meltdowns in the industry.

The announcements, made on the company's Twitter handle, come days after larger rival Binance walked away from a proposed... More

Bitcoin Hits Low, Down 5.5% at $16,800

November 11, 2022 9:19 AM EST

Bitcoin Hits Low, Down 5.5% at $16,800

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FTX Commences Chapter 11 Bankruptcy, Sam Bankman-Fried Resigns

November 11, 2022 9:15 AM EST

(Updated - November 11, 2022 9:17 AM EST)

FTX Commences Chapter 11 Bankruptcy, Sam Bankman-Fried Resigns

Press Release pic.twitter.com/rgxq3QSBqm

FTX (@FTX_Official) November 11, 2022

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Binance chief Changpeng Zhao warns of 'cascading' crypto crisis - FT

November 11, 2022 8:42 AM EST

Binance chief Changpeng Zhao warns of cascading crypto crisis - FT

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Bitcoin (BTC) price falling below $10k could ignite capitulation - Morgan Stanley

November 11, 2022 8:39 AM EST

While Bitcoin (BTC) price is attempting to stage a relief rally and get back above the key $18,000 technical level, analysts are warning that there is more room for the downside.

The recent selloff has been fueled by the spectacular collapse of the FTX cryptocurrency exchange, which saw Bitcoin price fall by 10% on Tuesday.

All-in-all, the BTC price is down about 75% from its November peak... More

Exclusive-Bankman-Fried seeks $9.4 billion package for FTX rescue-sources

November 10, 2022 12:36 PM EST

By Anirban Sen

NEW YORK (Reuters) - Sam Bankman-Fried is seeking to put together a rescue package of up to $9.4 billion for his troubled cryptocurrency exchange FTX, a person with direct knowledge of the matter said on Thursday.

Bankman-Fried is discussing raising about $1 billion from crypto-token Tron... More

Sam Bankman-Fried Seeking Up To $9.4 Billion For FTX's Rescue - Reuters

November 10, 2022 12:31 PM EST

Sam Bankman-Fried Seeking Up To $9.4 Billion For FTX's Rescue - Reuters

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FTX used customer funds to finance risky Alameda bets - WSJ

November 10, 2022 11:14 AM EST

FTX lent billions of dollars of customer assets to finance risky bets by Alameda Research, its affiliated trading firm, according to a report by The Wall Street Journal.

The crypto exchange has imploded over the last few days, with Binance pulling out of a rescue deal. The WSJ... More

Alameda Research is winding down trading

November 10, 2022 9:18 AM EST

Alameda Research is winding down trading

15) First, one way or another, Alameda... More

Analysis-FTX meltdown sparks investor rethink of battered crypto market

November 10, 2022 8:13 AM EST

By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft

NEW YORK/LONDON (Reuters) - A week of turmoil culminating in major crypto exchange FTX filing for bankruptcy has left investors questioning the viability of a sector already bruised by the bitcoin bubble bursting and closures of key market players.

The collapse of several crypto lenders, including Celsius and Voyager, major tokens terraUSD and Luna, and hedge fund Three Arrows Capital, had rung alarm bells even before the blow-up of FTX, headed by Sam Bankman-Fried. Crypto markets have also come under intense pressure this year as rising interest rates prompted investors... More

CZ Binance Tweets: Sad day. Tried, but crying emoji (Related to FTX Deal)

November 9, 2022 5:01 PM EST

CZ Binance Tweets: Sad day. Tried, but crying emoji (Related to FTX Deal)

Sad day. Tried, but

CZ Binance (@cz_binance) November 9, 2022... More

FTX Investors Told That Without More Capital, Bankruptcy Likely - Bloomberg

November 9, 2022 4:58 PM EST

FTX Investors Told That Without More Capital, Bankruptcy Likely - Bloomberg

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UPDATE: FTX Faces Liquidity Shortfall of Up to $8 Billion, Sam Bankman-Fried Told Investors Wednesday - DJ

November 9, 2022 4:49 PM EST

(Updated - November 9, 2022 4:50 PM EST)

FTX Faces Liquidity Shortfall of Up to $8 Billion, Sam Bankman-Fried Told Investors Wednesday - DJ

Seeking Emergency Funding to Meet Withdrawal Requests... More