Cryptocurrencies News

(Reuters) – Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of “unauthorized transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform.

By Angus Berwick New York (Reuters) – At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.

It has been a bearish morning for the crypto market. The fallout from the FTX collapse extends beyond the market, as sports franchises turn their shoulder.

(Reuters) – Galois Capital is the latest hedge fund caught off guard after close to half its assets were trapped on collapsed crypto exchange FTX, the Financial Times said on Saturday, estimating the amount to be around $100 million.

By Hannah Lang (Reuters) – Sam Bankman-Fried earned a reputation as savior of the crypto industry when he bailed out two platforms earlier this year. But when FTX, the exchange he co-founded and led until Friday, needed a lifeline, none was forthcoming.

By Selena Li and Vidya Ranganathan SINGAPORE (Reuters) – Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers raced to limit losses on Friday amid worsening solvency problems at the firm and heightened scrutiny of its chief executive, Sam Bankman-Fried.

By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft

LONDON (Reuters) – FTX filed for U.S. bankruptcy proceedings on Friday, capping a week of turmoil for one of the world’s largest cryptocurrency exchanges.

(Reuters) – Coinbase Global Inc will write off the investment its ventures arm made in cryptocurrency exchange FTX in 2021, according to a person familiar with the matter.

(Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a liquidity crisis that has prompted intervention from regulators around the world.

(Reuters) – Sam Bankman-Fried on Friday resigned from his role as chief executive of FTX and the crypto exchange said it will initiate bankruptcy proceedings in the United States, capping off a tumultuous week for the industry.

Importantly, FTX US has also filed for Chapter 11 protection.

(Reuters) – Cryptocurrency exchange FTX stood on the brink of failure on Thursday after a bailout from larger rival Binance collapsed. Chief executive Sam Bankman-Fried said he was exploring all options for his firm.

(Reuters) – Shares of cryptocurrency and blockchain-related firms dropped on Friday after FTX, one of the biggest crypto exchanges, said it would initiate bankruptcy proceedings in the United States, triggering a potentially massive meltdown in the industry.

(Reuters) – SkyBridge Capital is working to buy back its stake from embattled crypto exchange FTX, the alternative investment firm’s founder Anthony Scaramucci said in an interview with CNBC on Friday.

(Reuters) – Justin Sun, founder of the crypto token Tron, said he was prepared to provide FTX with billions in aid, according to a tweet by a Bloomberg News reporter on Friday.

WASHINGTON (Reuters) – U.S. Senate Banking Committee Chair Sherrod Brown said on Thursday it is critical that U.S. financial agencies investigate what led to cryptocurrency exchange FTX’s collapse and he pledged to take steps to ensure the stability of American markets.

By Georgina Lee and Tom Westbrook HONG KONG/SINGAPORE (Reuters) – Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX.

SAO PAULO (Reuters) – The Mercedes Formula One team said on Thursday they were keeping the branding of troubled cryptocurrency exchange FTX on their cars at this weekend’s Sao Paulo Grand Prix in Brazil while watching developments.

(Reuters) – The Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, a subsidiary of the cryptocurrency exchange.