Tag: Exchange

FTX Says It’s Been Hacked As $383,000,000 in Crypto Appears To Exit Crumbling Exchange

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The crumbling crypto exchange FTX says it’s been hacked. As a flood of users began reporting sudden $0 balances and on-chain analysts began tracking millions of dollars appearing to exit the exchange, FTX general counsel Ryne Miller released a statement on the company’s Telegram channel. “FTX has been hacked. Chat is open. Don’t go to FTX site as it might download Trojans. Note that some funds were retrieved.” Miller also released a statement on Twitter. “Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear…

Top Crypto Exchange Coinbase Adds NFT Game Studio Altcoin to Listing Roadmap

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Top US crypto exchange Coinbase is adding a non-fungible token (NFT) game studio altcoin to its listing roadmap. Coinbase customers could soon start trading the native token of Vulcan Forged (PYR), an NFT game studio, marketplace, and DApp (decentralized application) incubator. The project says it has more than 10 games, more than 20,000 members in its community, and a top-five NFT marketplace volume. PYR is trading at $3.47 at time of writing. The 257th-ranked crypto asset by market cap is up more than 7% in the past 24 hours but…

Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down – Bitcoin News

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The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and 130 Associated Firms Voluntarily Commence Bankruptcy Proceedings After days of confusion and speculation, the firm FTX has announced it has filed for Chapter 11 bankruptcy in the U.S., according to a Twitter statement. The letter details that West Realm Shires Services (FTX International’s parent firm), Alameda Research, and approximately…

California regulators to investigate FTX crypto exchange collapse

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The Department of Financial Protection and Innovation (DFPI) in the state of California announced on Nov. 10 that it will open up an investigation as to the “apparent failure” of the cryptocurrency exchange FTX.  California regulators said in the announcement that the DFPI takes this oversight responsibility “very seriously” and that the department expects all entities offering financial services in the state to comply with local financial laws. It also encouraged anyone in the state who has been affected by the events of the ongoing FTX saga, to call a…

TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron – Markets and Prices Bitcoin News

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On Thursday, at approximately 12:48 p.m. (ET), the embattled exchange FTX revealed that it has created a special facility with Tron. The deal allows holders of specific Tron-based coins to withdraw the tokens to external wallets on a 1:1 ratio. While coin market aggregation sites say tron tapped a high of $0.06 per token on Thursday, tron reached a high of $2.49 per coin against the U.S. dollar on FTX. Tron Exchange Rate Balloons on FTX After Special Facility Established The troubled crypto exchange FTX has been the center of…

Embattled Crypto Exchange FTX Lent Billions in Customer Assets To Fund Alameda Research: Report

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A new report claims that troubled crypto exchange platform FTX lent billions of dollars worth of its customers’ assets to fund its quantitative trading branch. According to The Wall Street Journal, FTX CEO and founder Sam Bankman-Fried told investors that Alameda Research owes FTX about $10 billion worth of customer funds. The source says that Bankman-Fried gave out loans to Alameda Research using $10 billion out of the $16 billion in customer deposits FTX had, a move the CEO described as a “poor judgment call.” Bankman-Fried, who was also the…

SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked away from the acquisition of FTX. U.S. Regulators and DOJ Investigate Crypto Exchange FTX Several U.S. authorities are reportedly probing FTX, the embattled cryptocurrency exchange founded by Sam Bankman-Fried. The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are looking into the turmoil surrounding…