Unpacking the implications of crypto’s biggest scandal to date after the news of one of the industry’s leading exchanges, FTX, and its founder, Sam Bankman-Fried, mishandled user funds and was unable to honor withdrawals.
An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, on Nov. 18, 2021.
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FTX hacker dumps 50,000 ETH, still among top 40 Ether holdersThe FTX hacker drained nearly $447 million out of multiple FTX global and FTX.US exchange wallets just hours after the crypto exchange filed for Chapter 11 bankruptcy on Nov. 11.
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Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in CryptoHigh bond yields are reflective of sharply higher interest rates as well as genuine skepticism about the long-term viability of crypto amongst institutional investors, one investor said.
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FTX-owned Liquid exchange pauses all trading after withdrawal haltThe Japanese cryptocurrency exchange Liquid is halting all trading due to FTX filing for Chapter 11 bankruptcy protection in the United States.
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Bitcoin drops to 1-week low, ether slides 7% as FTX collapse ripples through crypto marketThe cryptocurrency market has come under pressure over the last two weeks as problems at major exchange FTX came to light.
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The FTX collapse not enough to break crypto community’s spirit: IBW 2022Istanbul Blockchain Week was held in Turkey, and one Cointelegraph editor was there to experience the impact of the FTX collapse firsthand — the result was unexpected.
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Sam Bankman-Fried and the FTX collapse, explainedFTX was one of the largest digital currency exchanges, where people could buy and sell currencies like bitcoin. It quickly rose to international prominence and seemed unstoppable. Then, the firm filed for bankruptcy. Here’s what happened.
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