Scores of investors and customers pulled their funds from FTX, forcing the exchange to become insolvent and declare bankruptcy. The revelations raised concern across the cryptocurrency industry that FTX was overly leveraged with Alameda Research, relied on precarious financial accounting metrics, and faced...
In November 2022, a historic event occurred as FTX Corp., a top transactional exchange platform used to buy and sell cryptocurrency, collapsed, and filed for bankruptcy. The collapse triggered a level of financial instability that is yet to be realized, as customers attemp...
Crypto lending arm of Genesis files for bankruptcy BYMarco Quiroz-Gutierrez January 19, 2023 New FTX CEO John Ray may revive failed crypto exchange BYLeo Schwartz January 19, 2023 Peter Thiel’s Founders Fund made more than $1B offloading 8 years of crypto investments just before markets soure...
The demise of terraUSD caused a chain reaction in the industry, with various other firms, including Three Arrows Capital, BlockFi and Voyager Digital going bust as well. FTX, formerly the fourth-largest crypto exchange,filed for bankruptcy in Novemberin the most high-profile crypto industry failur...
If the exchange files for bankruptcy or pauses withdrawals, you lose access to your funds. Hardware wallets store your private keys offline, giving you full control and enhanced security. Even if you misplace or lose your hardware wallet, you can get a new one and use your Secret Recovery ...
Crypto exchange Blockchain.comreportedly faces a $270 million hit on loans to 3AC. Meanwhile, digital asset brokerage Voyager Digitalfiled for Chapter 11 bankruptcy protectionafter 3AC couldn't pay back the roughly $670 million ithad borrowed from the company. U.S.-based crypto lendersGenesi...
The move follows crypto lender Genesis Global Capital - another DCG entity separate from Genesis Global Trading - filing for bankruptcy last year after it was hit by the collapse of cryptocurrency exchange FTX. That entity did not hold a BitLicense from NYDFS. ...
FTX confirmed Saturday there had been unauthorized access to its accounts, hours after the company filed for Chapter 11 bankruptcy protection. A debate formed on social media about whether the exchange was hacked or a company insider had stolen funds--a possibility that cryptocurrency analysts couldn...
FTX creditors claim their ‘Sam Coins’ aren’t worthless—and are asking a bankruptcy judge to overrule the company’s own valuation BYNiamh RoweMarch 26, 2024 DOJ accuses crypto exchange KuCoin of money laundering violations and receiving billions in suspicious funds BYLeo SchwartzMarch 26, 2024...
These exchange-traded funds are top picks if you want to invest in the technology industry. Coryanne HicksApril 23, 2025 Will the Stock Market Crash? With tariff strife still unresolved, the odds of a significant stock market disruption are rising. ...