At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX
Reuters is <a target="_blank" href="https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/">reporting</a> that at least $1 billion in customer funds at the exchange disappeared last weekend, citing two former senior employees briefed on the company's finances.
Over $400M Tokens FTX Funds Drained From Company Accounts
So far, over $400 million has been transferred to a single wallet address. The wallet has acquired tens of millions of dollars worth of several types of tokens by draining FTX accounts, and began <a target="_blank" href="https://twitter.com/Dogetoshi/status/1591283157500067842">selling tokens that it received from FTX.</a>
FTX Crypto Wallets See Mysterious Late-Night Outflows Totalling More than $380M
More than $380 million in crypto left bankrupt crypto company FTX’s wallets late Friday, with little clear explanation as to why.
High Probability Insiders at FTX Are Currently Trying to Run Off With Funds
High probability insiders at FTX are currently trying to run off with funds. Both FTX and FTX US wallets have now been affected and commingled. The current amount being laundered is ~$380M. Some of the wallets are labeled "fucksbf" and "fuckftxandsbf.eth" -- this could be a reverse optics to appear as if it is a hack.
U.S. Regulator Probes FTX Over Handling of Client Funds
The U.S. securities regulator is investigating crypto exchange FTX.com's handling of customer funds amid a liquidity crunch, as well its crypto-lending activities, a source with knowledge of the inquiry said on Wednesday.
FTX’s Bankruptcy Process Appears to Be Starting
FTX's bankruptcy process appears to be starting as funds from both international and US wallets are being sent to 0x59abf3837fa962d6853b4cc0a19513aa031fd32b
SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is 'Significantly Non-Compliant'
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry.
Star Atlas Cash Runway Sliced in Half by FTX Catastrophe
Solana-based gaming metaverse Star Atlas saw its cash runway cut in half after the collapse of crypto exchange FTX, its CEO said on <a target="_blank" href="https://twitter.com/at_mwagner/status/1591178746085527552">Twitter</a>.
Ethereum Founder Breaks Silence on FTX Debacle, Says ‘Fraud Cuts Deeper'
Ethereum founder Vitalik Buterin made his first direct <a href="https://twitter.com/vitalikbuterin/status/1591184394987139072?s=46&t=YNXipLj1VDhmYUfvteTwkw">comments</a> on FTX's spectacular collapse late Friday, accusing former FTX CEO Sam Bankman-Fried of "virtue signaling."
Miami HEAT Arena Balks at FTX Naming Rights, Ending 19-Year Deal Early
Mere hours after FTX filed for bankruptcy, the Miami HEAT and Miami-Dade County issued a joint statement announcing they were cutting ties with the now-disgraced Bahamas-based crypto exchange – effective immediately.
