TSM halts $210 million sponsorship agreement with FTX
Esports organization Team SoloMid (TSM) has suspended its $210 million sponsorship deal with the defunct FTX crypto exchange Following the shocking collapse of the cryptocurrency trading platform last week, professional esports organization Team SoloMid (TSM) (formerly TSM FTX) has suspended its $210 million sponsorship agreement with the defunct FTX crypto exchange “effective immediately.” The news […]
Bahamian liquidators disregard FTX US bankruptcy filing
According to the interim liquidator in charge of FTX Digital Markets’ bankruptcy proceedings, FTX was not permitted to declare bankruptcy in the United States without his consent. FTX Trading and 134 additional affiliates filed for Chapter 11 bankruptcy on November 14 in a Delaware court, but provisional liquidator Brian Simms, who was appointed by the […]
4 Tips on surviving the recent black swan event in the crypto market
Given the recent happenings in the crypto market, now might be a good moment to evaluate some of the best things you can do, as a trader and as a person, to protect yourself against similar events in the future. While the failure of a huge cryptocurrency exchange is the most recent example of a […]
Coinbase CEO applauds citizen journalism effort amid FTX collapse
Coinbase CEO and co-founder Brian Armstrong, has applauded the efforts of crypto analysts, blockchain specialists, and citizen journalists amid the fall of FTX. In a tweet from November 16 Coinbase CEO Brian Armstrong made the claim that average people, rather than the traditional media, had learned about many of the developments connected to the liquidity […]
FTX hacker ranks 35th in largest ETH holding accounts
According to blockchain intelligence firm Elliptic, the troubled FTX exchange’s accounts were raided for more than $663 million in various crypto assets elevating the hacker to the rank of “Ether ETH whale.”. Elliptic estimated that $477 million of this was stolen, with a significant portion of those tokens being converted into ETH, and that FTX […]