DeFi Protocols Surge in Popularity Amidst Ether Outflows
After Sam Bankman-FTX Fried’s exchange failed, more and more crypto traders are turning to decentralized finance (DeFi) protocols. This is because Ethereum tokens are leaving big centralized crypto exchanges like Binance and OKX. Decentralized finance (DeFi) protocols are becoming more and more popular at the same time that there are more and more signs that […]
FTX Users Declare Pay Cents on the Dollar Post Bankruptcy
The cryptocurrency exchange FTX filed for bankruptcy on Friday, leaving users’ funds stuck on the platform. One marketplace for distressed claims posted bids for a fraction of the original value of claims. People who lost money on the troubled cryptocurrency exchange FTX and want to get at least some of it back can sell their […]
FTX On The Verge Of Potential Hack Due To Outflows
The people in charge of FTX seemed to confirm rumors that Telegram had been hacked by telling users to delete FTX apps and stay away from its website. Late Friday night, more than $600 million in crypto left the wallets of the bankrupt crypto company. There isn’t a clear reason why.Soon after, FTX announced on […]
Tether ‘Blocklists’ Mysterious FTX Wallet Accounts
Tether has blacklisted more than $3.9 million in tether on Avalanche and $27.5 million on Solana which was linked to the FTX account drainer. Tether has outsmarted whoever is moving money around in mysterious ways with FTX crypto wallets and has started selling tokens from different networks. After news of a hack at FTX, more […]
Galois Capital Has Half of Its Capital Trapped on FTX
Co-founder Kevin Zhou says that the locked funds are worth about $40 million. Galois Capital, a cryptocurrency hedge fund, told CoinDesk in a Telegram message on Saturday that about half of its funds are stuck on FTX, a troubled cryptocurrency exchange that filed for chapter 11 bankruptcy on Friday.Zhou said that the funds locked up […]