The financial woes of the company, which was valued at $32 billion in February, surprised many, as the firm and its CEO and founder Sam Bankman-Fried, had emerged as the saviors of many struggling ...
Crypto Crisis: At Least $1 Billion of FTX Customers’ Money Vanishes
Fried, FTX CEO and founder, also had a secret "back door" to transfer billions, Reuters reports.The secrets of cryptocurrency exchange FTX, which filed for Chapter 11 bankruptcy on November 11, ...
Crypto.com Withdrawals Rise After CEO Admits Transaction Problem
Customers pulled funds from Crypto.com after the company’s chief executive said the cryptocurrency exchange mishandled a roughly $400 million transaction.
Beware: The companies that hold your crypto aren’t insured the way banks are
Cryptocurrencies are highly risky investments. But that risk is by no means limited to price volatility. Where you hold your crypto can also present a risk.
‘Stay Away’—Binance CEO Issues Serious Warning Over Another Crypto Exchange After FTX Collapse Crashed The Price Of Bitcoin And Ethereum
The chief executive of the world's largest bitcoin and crypto exchange Binance, Changpeng "CZ" Zhao, has said the FTX fallout could be about to hit another crypto exchange, warning of "clear sign[s] ...
Crypto.com Recovers $400 Million After Misplaced Ether Transfer
Crypto.com said it recovered almost $400 million in cryptoasset Ether from Asian exchange Gate.io, after it accidentally transferred the funds to the wrong account.
Here’s how bitcoin futures ETFs performed in a dramatic week for crypto
The ProShares Bitcoin Strategy ETF (BITO) and Short Bitcoin Strategy ETF (BITI) both saw their largest daily trading volumes on record last week.
China stepping up actions hurting Japan’s sovereignty, PM Kishida says -Jiji
China is continuously, and increasingly, taking actions that infringe on Japan's sovereignty, Prime Minister Fumio Kishida has said, Jiji Press reported on Sunday.
Big Investors Are Giving Up on Crypto Markets Going Mainstream
Institutional investors were souring on cryptocurrencies even before this week. The sudden downfall of Sam Bankman-Fried’s FTX.com may have permanently damaged their prospects of being included in ...
Opinion: No one is coming to save the crypto industry
The whole point of crypto is that it is supposed to be decentralized and transparent. Bankman-Fried's rise and fall shows how far the industry has strayed from that ideal, writes.
Some lenders in Japan lower home loan rates
Some financial institutions in Japan are lowering interest rates on their housing loans as consumers look for better deals amid rising prices.
Japan provides over $50 million for four projects
The Japanese government On November 12 provided $51.3 million to Cambodia for the implementation of four major projects.
United States and Japan to offer Indonesia US$15 billion in energy transition funds
The United States, Japan and other countries are finalising a climate finance deal of at least $15 billion to help Indonesia retire coal power plants early, Bloomberg News reported on Friday (Nov 11), ...
You Can Forget About Crypto Now
This week, Bankman-Fried lost virtually his entire fortune over the course of a single day, in what Bloomberg has called “one of history’s greatest-ever destructions of wealth.” The biggest companies ...
Exclusive-At least $1 billion of client funds missing at failed crypto firm FTX – sources
At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange's founder Sam Bankman-Fried secretly transferred ...
Crypto’s Enron Moment Has Arrived
When I spoke with Sam Bankman-Fried three weeks ago, he was crypto’s golden boy. Worth about $15 billion, this quirky 30-year-old led one of the industry’s largest empires. Over the past few years, he ...