Hackers stole nearly $650 million in altcoins from FTX's hot wallets just one day after the company declared bankruptcy. The attacker now has more than $367 million spread across multiple major blockchains after various bridgings and on-chain fraud....
On Monday, November 14, 2022, crypto asset manager Ikigai revealed that it held the majority of its funds with FTX, while troubled lender BlockFi hired Berkeley Research Group. "FTX accounted for a large segment of the hedge fund's...
Aptos, a Layer 1 blockchain infrastructure company, has partnered with Google Cloud to power some of its validator nodes. On a panel at TOKEN2049 London, Simon Baksys, the go-to-market and business development lead for Google's Web3 division, and...
FTX Group announced through its official Twitter page on Friday that it has filed for voluntary Chapter 11 bankruptcy in the United States and that its CEO, Sam Bankman-Fried, had resigned, marking a stunning collapse for one of...
The Hong Kong-based cryptocurrency exchange AAX has reiterated that withdrawals have been suspended on the platform with no connection to the ongoing effects of FTX's collapse and that any claims to the contrary are untrue. On November 13,...
The CEO of Singapore-based crypto exchange Crypto.com, Kris Marszalek, stated that the company would prove all naysayers wrong about the platform's purported "trouble," that it has a strong balance sheet, and it has taken no risks nor is...
Bitcoin, the most valuable coin by market capitalization, dropped more than 19% in the last seven days, trading at $16,774. Early last week, it was around $15,500. Several other cryptocurrencies also dipped, with FTX's token FTT experiencing a...
As anxiety gripped markets amid FTX's liquidity issue, cryptocurrency exchange BitMEX was among the first to provide an updated proof-of-reserves of their crypto holdings. Crypto exchanges are suddenly rushing to make their fund reserves public. On Wednesday alone,...
Copper.co, a leading provider of institutional digital asset custody and trading solutions, announced on its official website that it has $500 million in cold storage insurance. Aon, a global professional services organization, arranged coverage through a panel of...
Prosecutors in South Korea claim to have more evidence of Do Kwon, Terra's co-founder, manipulating token prices. According to the local KBS newspaper, Kwon once instructed a worker to tamper with LUNA's price in the months preceding the...
