Tag: FTX

FTX Pursuing ‘Possible New Investors’ As Embattled Exchange Works With Tron’s Justin Sun: Report

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FTX founder Sam Bankman-Fried is reportedly not done looking to raise emergency capital to keep his floundering crypto exchange afloat. Bankman-Fried will focus on raising capital for the week ahead, according to an internal memo seen by reporters at Reuters. Specifically, Bankman-Fried told employees that he’s looking to make customers whole by “conducting a raise” and seeking “possible new investors.” FTX is also working with Tron (TRX) founder Justin Sun, who says a plan to “return to normalcy” is underway. Sun and Bankman-Fried teamed up to re-enable trading of TRX…

Sam Bankman-Fried apologizes over FTX liquidity crisis: ‘I fucked up twice’

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In one of his first public statements since rumors and concerns about FTX’s insolvency flooded the crypto market, CEO Sam Bankman-Fried, or SBF, has said: “I’m sorry.” In a Nov. 10 Twitter thread, SBF admitted to investors he “should have done better” in providing transparency on the situation with FTX. The CEO reported the exchange was experiencing a “liquidity crunch” caused by user withdrawals and requested financial assistance from Binance — a potential deal that later fell apart. According to SBF, the exchange saw roughly $5 billion in withdrawals on…

BTC, ETH Extend Declines Following FTX Saga, Markets Now Look Towards US Inflation Report – Market Updates Bitcoin News

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Cryptocurrencies continued to crash on Thursday, as market sentiment surrounding the FTX saga remained on the minds of traders. Bitcoin fell below $16,000 late on Wednesday, with prices remaining close to two-year lows today. Ethereum slipped below $1,100, with attention now focused on today’s U.S. inflation report. Bitcoin Bitcoin (BTC) continued to trade close to a two-year low on Thursday, as market sentiment remained bearish following the FTX collapse. This, in addition to today’s U.S. inflation report, led to an increased level of bearish pressure, which sent the token below…

Claims and rumors fuel crypto market turmoil amid FTX collapse

While information leaks and unconfirmed reports can be a way for the truth to reach the public, they can also be a tool that fans the flames to grow even further in an already burnt-out crypto market.  In a recent article, Reuters claimed that FTX used some of its customer deposits to support Alameda Research from its financial difficulties. Apart from this, the mainstream media outlet also described Binance pulling out of the FTX acquisition as a “failed bid to save crypto.” Apart from this, a message from FTX CEO…

Amid FTX Rumors Tether’s USDT Peg Of $1 Wobbles

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The crypto market is still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether’s stablecoin USDT might be more affected by the downfall of FTX than it would like to admit. Moreover, there currently seems to be an attack on USDT as a result of which Tether (USDT) briefly lost its usual peg to $1. The largest stablecoin by market cap was trading at $0.9915 temporarily, down 0.68%. Sam Bankman-Fried company Alameda, which borrowed $250,000 USDT from Aave and exchanged it on Curve…

FTX usó fondos y otros activos de clientes en mayo para asistir a Alameda Research, según Reuters

Sam Bankman-Fried transfirió al menos US$4000 millones de fondos de FTX garantizados por activos que incluyen el token del exchange, FTT, y acciones de la plataforma de trading Robinhood Markets Inc (HOOD) para dar asistencia a Alameda Research tras una serie de pérdidas por acuerdos que sufrió la empresa, según tres personas familiarizadas con el tema que aparecen en el informe de Reuters del jueves. Source

Michael Novogratz Tells CNBC He Does Not Expect to Recover $77M Exposure Linked to FTX

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