FTX


Policy

There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore's MAS Says

The Monetary Authority of Singapore told CoinDesk it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky speculative trades.

Former FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

Finance

Crypto.com CEO Dismisses Speculation of Financial Trouble, Says FTX Exposure Is Minimal

In a live question session, Kris Marszalek said the company’s balance sheet is strong.

Crypto.com CEO Kris Marszalek during his YouTube interview (Crypto.com)

Markets

Bitcoin Miners' Balance Slides as FTX Collapse Weighs on Crypto

Data tracked by Glassnode shows, the number of bitcoin held by miner wallets has dropped to a 10-month low.

The number of bitcoin held in miner wallets hits a 10-month low. (Glassnode)

Markets

After Bitcoin's Worst Week in 5 Months, Here's What Crypto Analysts Are Saying

A roundup of commentary on how digital-asset market analysts see the next few months unfolding.

El gráfico de precios de bitcoin en 2022 refleja el año espantoso que fue para los mercados de criptomonedas, el cual empeoró con el colapso de FTX. (CoinDesk)

Policy

Bankrupt FTX Faces Criminal Investigation in the Bahamas

Financial police in the Bahamas, where Sam Bankman-Fried's FTX is headquartered, are working with the local securities regulator to investigate if any criminal conduct has occurred.

FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Finance

Crypto Exchange AAX Suspends Withdrawals as FTX Failure Reverberates

The suspension for as long as 10 days was blamed on the failure of an unidentified third party. The Hong Kong-based exchange has said it has no exposure to Sam Bankman-Fried’s company.

Amanecer en el Puerto de Victoria de Hong Kong, China. (Unsplash)

Policy

Democrats Keep the US Senate but Crypto Only Has Eyes for FTX Collapse

After a whirlwind election week dogged by crypto market madness, the industry's regulatory future in the U.S. is in the hands of a divided government.

U.S. Capitol Hill (WOWstockfootage/Getty Images)

Finance

All Custodial Crypto Exchanges Should Adopt Proof-of-Reserve Programs, but Even That Isn’t Enough

After last week’s FTX debacle, customers who don’t wish to take custody into their own hands should demand far better from their service providers.

The partnership aims to close ties between traditional banking and decentralized finance. (Getty Images)

Finance

Binance, Huobi Block FTT Deposits After $400M Worth of Tokens Unexpectedly Released

The tokens were released out of schedule from FTT’s main deployer address, with no official explanation.

FTX CEO Sam Bankman-Fried and Binance CEO Changpeng "CZ" Zhao (CoinDesk)