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FTX Fallout: Bitcoin Miners’ Balance Slides; Paxos Ordered to Freeze $19M in Crypto

Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic. U.S. federal authorities have ordered cryptocurrency issuer Paxos to freeze $19 million worth of crypto tied to the bankrupt FTX exchange. Hong Kong-based digital asset platform Hbit Limited is unable to withdraw $18.1 million worth of cryptocurrencies deposited in the now-bankrupt FTX.

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A Timeline of Crypto Exchange FTX's Collapse

FTX, once one of the largest crypto exchanges in the world, filed for Chapter 11 bankruptcy protection in the United States. "All About Bitcoin" host Christine Lee breaks down how it all happened.

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Bitcoin Drops After FTX Bankruptcy Filing

Bitcoin (BTC) and other cryptocurrencies sharply fell on the news that troubled crypto exchange FTX is filing for bankruptcy and CEO Sam Bankman-Fried is resigning from the company. FTX US also froze crypto withdrawals, sending millions in assets to bankruptcy limbo. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Slides Below $17K After FTX Bankruptcy Filing

As bitcoin (BTC) continues to fall lower, CoinDesk Markets Managing Editor Brad Keoun and Regulatory Reporter Cheyenne Ligon discusses this week's crypto roller coaster following the implosion of FTX, as CEO Sam Bankman-Fried steps down. Where did it all go wrong, how is it different from other crypto blowups, and what does this mean for the future of the industry?

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Bitcoin Back Above $17K Amid FTX Fallout

GSR Markets Global Head of Product Benoit Bosc discusses his outlook for bitcoin (BTC) as it returns to the $17,000 level amid continued selling pressure triggered in part by the fallout of crypto exchange FTX. Plus, the impact of rising inflation on the crypto markets and global finance.

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Legal Expert on What FTX's Collapse Means for Users

Crypto exchange FTX US – the U.S. wing of Sam Bankman-Fried's crypto trading empire – warned its users to close their positions as it might halt trading in the coming days. Keystone Law Partner Louise Abbott discusses the legal considerations of FTX's downfall and what they suggest about the fate of its users.

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FTX Balances Fell 87% in 5 Days in Epic Crypto Deposit Run, Data Shows

A glance at data from Arkham Intelligence shows the behind-the-scenes operational reality that drove billionaire Sam Bankman-Fried's beleaguered FTX exchange to order a withdrawal halt this week. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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FTX US Warns of Possible Trading Halt; SBF Tweets: Well Played, You Won

Crypto exchange FTX US warned its users to close their positions as it might halt trading in the coming days. Plus, FTX CEO Sam Bankman-Fried tweets "Alameda Research is winding down trading" and wrote in an apparent dig to Binance, "Well played; you won."

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Why Did FTX Pause Withdrawals if It Wasn't Trading Customer Funds?

A day after signing a letter of intent to buy struggling rival FTX, crypto exchange Binance seems highly unlikely to go through with the acquisition, according to a CoinDesk source. This comes after a huge wave of withdrawals drained FTX of liquidity and effectively froze the platform. Chief Insights Columnist David Z. Morris discusses the latest in the proposed Binance-FTX deal.

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Bitcoin Tumbles Below $17K Amid Worries Over FTX-Binance Deal

The fallout of crypto exchange giant FTX's liquidity concerns continues to rattle the crypto markets. Bitwise Chief Investment Officer Matt Hougan discusses his outlook for bitcoin (BTC) as the cryptocurrency falls below $17,000 to its lowest level in 23 months.

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