Arthur Hayes warns investors against crypto companies without proof of reserves

Arthur Hayes has cautioned customers against investing in custodians that won’t publish a Proof of Reserves (PoR) Audit. He made the comment on Twitter on November 20, 2022, in light of the FTX contagion that has wrecked several crypto companies.…

399 +

$2.8B Crypto-Focused Lending Firm Genesis Halts Withdrawals Fearing A FTX-Induced Bank Run

Genesis Global Capital, the crypto lending unit for crypto investment bank Genesis Trading has decided to halt withdrawals in the wake of the FTX collapse. On Wednesday morning, Genesis held a 7-minute call with customers informing them that withdrawal requests for Genesis Capital had exceeded their liquidity capital.

301 +

Nexo allays customers’ fears as FTX’s death spiral claims more victims

The crypto-lending platform has assured customers that their funds are safe after Genesis’ Crypto-Lending Unit Halted Customer Withdrawals in the wake of the FTX Collapse. The company made this announcement on Twitter on November 16, 2022. Nexo says funds are…

437 +

Days After The Tumble — Here’s How Other Exchanges Reacted To FTX’s Collapse

343 +

A-Z of inflows and outflows and what it means for crypto traders and investors 

The aftermath of FTX’s collapse has mostly been about customers getting tier funds stuck on the exchange as well as heightened fear, uncertainty, and doubt (FUD) in the broader crypto market.  HThe post A-Z of inflows and outflows and what it means for crypto traders and investors  appeared first on AMBCrypto.

405 +

Lawyer: FTX founder’s actions had no good intent

Attorney Daeton took his remarks to twitter regarding the FTX saga, claiming SBF had no interest at heart for his customers. This comes after several other communities and individuals fairly criticized the actions.

390 +

All Custodial Crypto Exchanges Should Adopt Proof-of-Reserve Programs, but Even That Isn’t Enough

After last week’s FTX debacle, customers who don’t wish to take custody into their own hands should demand far better from their service providers. Crypto Long & Short is CoinDesk's weekly newsletter featuring insights, news and analysis for the professional investor.

344 +

Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local Withdrawals

Crypto exchange FTX was not required to allow Bahamas-based customers to withdraw their funds, a local financial regulator said Saturday.

288 +

FTX's $380 million trail: An exploit to uncover or a final inside job

About $380 million flowed out of the FTX exchange due to a exploit or likely insider hack Exchange counsel said company is investigating proceedings FTX customers’ hope of getting theThe post FTX's $380 million trail: An exploit to uncover or a final inside job appeared first on AMBCrypto.

406 +

Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers

Silvergate Capital issued a statement to inform the public of its exposure to FTX and its related entities. The post Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers appeared first on CryptoSlate.

305 +

GameStop to End FTX.US Ties, Refund Customers

GameStop customers who have FTX gift cards will be given refunds.

393 +

FTX Withdraws US CFTC Derivatives Clearing Plan: Bloomberg

Company previously submitted plan for approval that would allow customers to assess and respond to derivatives risks in real time.

394 +

FTX customers attempt roundabout ways to withdraw their funds in Bahamas

From buying Bahamas-based NFTs to offering bounties to FTX employees, users with balances stuck in FTX are trying whatever they can to withdraw their money.

203 +

A U.S. law firm investigating FTX, lawsuits expected

Leading United States-based law firm Berger Montague has launched investigations into potential claims on behalf of FTX customers.

450 +

Justin Sun Only Promises to Save His Own Community From the FTX Fiasco

Tron CEO Justin Sun has promised to help FTX’s customers holding any of Tron’s five tokens to swap assets to external wallets. The post Justin Sun Only Promises to Save His Own Community From the FTX Fiasco appeared first on BeInCrypto.

372 +

Crypto.Com to Publish Its Audited Proof Of Reserves As Transparency Concerns Rock Exchanges

In what appears to be the new trajectory amid the downfall of giant crypto exchange FTX, Crypto. com has become the latest exchange to promise its customers that it will publish an audited Proof of Reserves (PoR).

296 +

US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.

274 +

How American customers were saved from the FTX mess

After a period of silence that felt like an eternity – after all, a day in crypto is a year anywhere else – the most notorious man in the industry emerged Thursday afternoon, amid the ongoing FTX collapse (deep dive published yesterday here).

309 +

Sam Bankman-Fried Says Alameda Winding Down, Promises FTX US Customers' Funds Are 'Fine'

The trading company's owner tweeted the news on Thursday morning.

205 +

CBOE Digital reassures customers amidst FTX liquidity crunch

CBOE Digital says strict policies are in place to ensure customer funds are safe as FTX goes through stormy waters.

260 +

Hostaged FTX Funds Sold for Pennies on the Dollar in OTC Trades Among Customers

Insolvent crypto exchange FTX halted crypto withdrawals on Tuesday, leading panicked customers to offload their bags among themselves at steep discounts.

504 +

FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter

Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”

410 +

FTX Exchange Set To Be Acquired By Binance Following Liquidity Crisis

Following a liquidity crunch, FTX reached out to Binance to solve its liquidity issues through acquisition to keep FTX customers whole.

373 +

Crypto.com, Binance, and FTX November 2022 Crypto Offers

Currently, Crypto. com, Binance, and FTX have November offers that their customers can participate in to earn crypto rewards, giveaways, and free crypto. Summary of Crypto Offers for November 2022 Platform Offer How it works Crypto.

328 +

Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale Is Approved: Report

A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.

201 +

Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale is Approved

A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.

297 +

Texas Regulators Investigate FTX, Sam Bankman-Fried For Potential Securities Violations

The Texas State Securities Board has launched investigations into FTX crypto exchange and its principals, including co-founder and CEO Sam Bankman-Fried, over claims it offered unregistered securities products to customers in the United States.

330 +

Bankman-Fried ‘100%’ supports knowledge tests for retail derivatives traders

The FTX founder said a knowledge test for derivative retail customers “could make sense,” but it doesn’t need to be specific to crypto.

276 +

FTX Partners With Visa, What It Means for You

FTX exchange will launch a Visa debit card in 40 countries to allow its customers to pay for goods and services using crypto. The post FTX Partners With Visa, What It Means for You appeared first on BeInCrypto.

337 +

Visa, FTX team up to offer debit cards in 40 countries

Global payment processor Visa has partnered with crypto exchange FTX to offer its debit card service to customers in over 40 countries. The post Visa, FTX team up to offer debit cards in 40 countries appeared first on CryptoSlate.

358 +

FTX US wins auction for Voyager Digital’s assets

Voyager hints that its customers will eventually transition to the FTX platform after it finishes its Chapter 11 bankruptcy proceedings.

278 +

FTX, Binance and CrossTower are competing to buy Voyager Digital assets — Source

FTX and Binance reportedly seek to transition existing Voyager customers to their platforms whereas CrossTower has proposed to keep the existing Voyager platform and app.

303 +