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The Latest Breaking News from FTT

Bankrupt FTX hit by mysterious outflow of about $662 million as crypto industry reels

Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry.

Tribune News Service

The Weekly Wrap for Saturday, 12 November 2022

Sam Bankman-Fried's cryptocurrency empire collapsed this week. His $16bn personal fortune was incinerated in a matter of days (another rousing win for the normative determinists). Not bad for a 30-year-old.

inkl Originals

Australian investors in limbo after collapse of FTX cryptocurrency exchange

Australians who invested in the FTX cryptocurrency exchange are unable to withdraw their funds as the company's local arm goes into voluntary administration.

ABC News

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How Binance played a key role as FTX collapse unfolded

Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rival

The Guardian - UK

FTX contagion will be ugly within crypto, but probably less damaging to the wider world

Crypto assets are infamous for being highly speculative and volatile, but it is their “debt problems” that have once again made headlines. Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa US$830 billion (£706 billion).

The Conversation

FTX assets frozen by Bahamas regulator as crypto exchange fights for survival

Founder Sam Bankman-Fried races to find funds to fill multibillion-dollar hole in exchange

The Guardian - UK

The spectacular collapse of a $30 billion crypto exchange should come as no surprise

Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year.

The Conversation

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What happened to FTX and could the crisis spill over to the rest of crypto?

International exchange for crypto assets is in effect unregulated – and may have been built on sand

The Guardian - UK

Cryptocurrencies: why Binance's failed FTX rescue deal could mean 'crypto winter' is coming

Life in the cryptocurrency industry is rarely quiet for long, and after a tumultuous summer, it seems the market is now entering a “crypto winter”. Over the past week, the founders of two of the largest cryptocurrency exchanges – Binance and FTX – have had a public Twitter spat that…

The Conversation

Over a million customer crypto accounts at risk as Binance abandons FTX acquisition

The US Securities and Exchange Commission is reported to be expanding its investigation into the beleaguered crypto exchange

Evening Standard

Billionaire Mike Novogratz Takes Another Hit: First Luna, Now FTX Is Costing His Crypto Firm Millions

In a startling revelation amid the fiasco surrounding FTX, Galaxy Digital Holdings Ltd (OTC: BRPHF) revealed it has a $76.8 million exposure to the beleag

Benzinga

Amid FTX Collapse And Regulatory Inquiries, Crypto Exchanges Hustle To Prove Reserves

At least nine cryptocurrency exchanges have come forward to provide proof of fund reserves as the market comes to terms with insolvency fears on the heels of FTX’s native token (CRYPTO: FTT)

Benzinga

A tentative crypto deal looks increasingly shaky

Folks are starting to wonder if, after the dust settles, there will be an FTX.com left for Binance to buy.

Axios

Analysis: A Tweet Just Cost Investors $153 Billion — How CZ May Have Tanked FTX, Crypto Before Acquisition

A feud between Sam Bankman-Fried and Changpeng Zhao is wreaking havoc on the cryptocurrency market over the last 24 hours.

Benzinga

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Evening Standard

Binance acquires crypto exchange FTX to tackle ‘liquidity crunch’

It comes just hours after FTX’s founder said the company “is fine” and hit back at reports of the firm’s instability as “false rumours”

Benzinga

Binance To Acquire FTX.com As It Faces 'Liquidity Crunch': Here Are The Early Details

Two of the leading cryptocurrency companies are merging in a deal announced Tuesday. Here are the early details.

Fortune

FTX-Binance feud puts crypto markets on edge

A fight between FTX and Binance has triggered a full-blown crisis.

Benzinga

The FTT Debacle: Want To Cash In? Here's What Experts Said After Binance Selloff

A day after Binance (CRYPTO: BNB) CEO Changpeng Zhao revealed he would offload all the FTT tokens in the company’s kitty, FTX’s native token (CRYPTO: FTT) nose-dived about 35%

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Zenger

Binance To Dump All Holdings Of Bankman-Fried’s FTX Tokens

"We won't support people who lobby against other industry players behind their backs,” said Binance CEO.

Fortune

The CEOs of Binance and FTX got into a Twitter feud. Here’s why

The CEO of Binance announced his exchange will sell off its FTX tokens for “risk management,” but there is more to the story.

Benzinga

Cryptocurrency FTX's Price Increased More Than 4% Within 24 hours

FTX's (CRYPTO: FTT) price has increased 4.74% over the past 24 hours to $25.68. Over the past week, FTT has experienced an uptick of over 2.0%, moving from $25.04 to its current price. As it stands right now, the coin's all-time high is $84.18.

Glasgow Live

Mum who fled Ukraine war for Lanarkshire sets up salon with the help of kind locals

Luda Holomovza arrived in Scotland with her 15-year-old son in April after escaping the horrors of the Russian invasion. She says she 'thanks God' for new neighbours who have shown her 'such kindness'.

Benzinga

Cryptocurrency FTX Up More Than 3% In 24 hours

FTX's (CRYPTO: FTT) price has increased 3.1% over the past 24 hours to $26.96, which is in the opposite direction of its trend over the past week, where it has experienced a 6.0% loss, moving from $28.56 to its current price.

Benzinga

Cryptocurrency FTX Down More Than 3% Within 24 hours

FTX's (CRYPTO: FTT) price has decreased 3.72% over the past 24 hours to $25.95, continuing its downward trend over the past week of -2.0%, moving from $26.54 to its current price.

Benzinga

Cryptocurrency FTX Token Down More Than 6% Within 24 hours

Over the past 24 hours, FTX Token's (CRYPTO: FTT) price has fallen 6.62% to $27.51. This continues its negative trend over the past week where it has experienced a 10.0% loss, moving from $30.34 to its current price.

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