Crypto Twitter Encourages Solana Community Amid FTX Onslaught
Sandeep Nailwal, the co-founder of Polygon, encouraged Solana community members to keep on building after being affected by FTX debacle. Crypto Twitter expressed condolences for those who were negatively impacted by the FTX fiasco and voiced optimism for the community’s recovery. Sam Bankman-Fried (SBF), the CEO of FTX, promoted numerous currencies, including SOL, which has […]
FTX US halts cryptocurrency withdrawals
Following this morning’s bankruptcy proceedings, FTX US has halted withdrawals. Today, the filing for Chapter 11 protection by FTX made headlines, causing billions of dollars worth of assets to freeze. According to data, FTX US has stopped processing withdrawals, which is concerning for customers who are currently caught in the midst of a massive turnover […]
Sam Bankman-Fried $16 billion net worth drops to nothing
Sam Bankman-Fried $16 billion net worth has now been reported by Bloomberg’s Billionaire Index to be $0 following the collapse of FTX. The CEO of FTX. Sam Bankman-Fried, is suffering as a result of what is arguably the most devastating collapse in the history of the cryptocurrency industry. The former crypto tycoon’s entire fortune has […]
Tether Chief Technology Officer Confirms No Plans To Save FTX
Tether has indicated that it has no plans to invest cash into FTX, despite the CEO allegedly approaching many companies for assistance. As it struggles to close a reported multi-billion dollar hole in its balance sheet, cryptocurrency exchange FTX has lost at least one potential rescuer.On November 10, Paolo Ardoino, the chief technology officer of […]
Cathie Wood’s ARK Adds $12.1M In Coinbase Shares
Soon after FTX’s liquidity problems were made public and Coinbase said it had “little exposure” to the problematic trading platform. The Cathie Wood-led Ark Investments has increased its Coinbase stock holdings amid the turmoil on the FTX and cryptocurrency markets by purchasing 237,675 Coinbase shares on November 9 for about $12.1 million. Ark Investment Management […]