FTX | ForkLog - Part 34

ForkLog 11 10.11.2022

Crypto.com Suspends USDC and USDT Withdrawals on Solana Amid FTX Crisis

The cryptocurrency platform Crypto.com suspended deposits and withdrawals in stablecoins USDC and USDT on the Solana blockchain. The company cited "recent events in the industry".

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ForkLog 8 10.11.2022

Kraken reports no dealings with Alameda Research

The cryptocurrency exchange Kraken holds roughly 9,000 FTX (FTT) utility tokens on its balance sheet, but does not interact with Sam Bankman-Fried's Alameda Research. The company said this in its blog.

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ForkLog 17 10.11.2022

Bloomberg and WSJ report an $8 billion hole in FTX balance sheet

The founder and CEO of FTX, Sam Bankman-Fried, told investors that without additional capital the exchange would be forced to declare bankruptcy. Bloomberg reports.

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ForkLog 18 10.11.2022

US regulators’ investigations into FTX come to light

SEC and CFTC have begun examining the connections between FTX and its U.S. subsidiary and Alameda Research, Bloomberg reports, citing people familiar with the matter.

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ForkLog 15 10.11.2022

Sequoia Capital records $213.5 million loss on FTX investments

The venture capital firm Sequoia Capital assured investors that it had not been harmed by the collapse of FTX, while also acknowledging the write-down of its investments in the crypto exchange.

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ForkLog 16 10.11.2022

Binance abandons bid for FTX. Justin Sun says he will help find a ‘solution’.

The cryptocurrency exchange Binance has abandoned its bid to acquire FTX. The company said it would be unable to resolve the platform's problems.

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ForkLog 11 09.11.2022

Changpeng Zhao: The FTX crisis is not a win for Binance

Binance CEO Changpeng Zhao published a memo to staff at the bitcoin exchange, commenting on the FTX crisis and urging restraint in trading the rival's FTT utility tokens.

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ForkLog 31 09.11.2022

Tether CTO refutes USDT depeg and points to CoinGecko data issues

The observed 3% deviation of USDT from $1 on CoinGecko was due to a glitch, not a real state of affairs. This was stated by Paolo Ardoino, CTO of the stablecoin issuer.

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ForkLog 13 09.11.2022

Crypto industry participants distance themselves from FTX and Alameda Research.

Several major players in the crypto industry said they did not have close ties to Sam Bankman-Fried’s FTX and Alameda Research. According to representatives of several companies, the current crisis will not affect their operations.

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ForkLog 7 09.11.2022

Bloomberg excludes Sam Bankman-Fried from its billionaire list

In a day, the fortune of FTX founder Sam Bankman-Fried collapsed by 94%, from $15.6 billion to $992 million, due to the platform's liquidity crisis.

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ForkLog 11 09.11.2022

Circle CEO compares the FTX crisis to Lehman Brothers’ collapse

For the crypto market, FTX's insolvency is comparable to the collapse of investment bank Lehman Brothers, which became the catalyst for the 2008 crisis.

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ForkLog 15 09.11.2022

Coin Metrics identifies possible cause of FTX crisis

In the second quarter of 2022, the cryptocurrency exchange FTX could have provided a "large financial bailout" to Alameda Research, which ultimately led to serious consequences. This was the conclusion of Lucas Nuzzi, head of R&D at Coin Metrics.

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