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 […]
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 […]