April 23, 2024

Crypt. Results November 12-13

Crypt. Results November 12-13

  • FTX initiates Article 11 bankruptcy proceedings, Sam steps down as CEO.
  • FTX “lent” up to $10 billion in client money to Alameda, which successfully drained it in the markets by “trading risky assets.”
  • Tether has published a new reserves audit report - analysts have confirmed the compliance of Tether's collateral with the volume of stablecoins in the market.
  • One FTX worker reported that the company's employees kept their savings on the platform because salaries and bonuses included payments in FTT.
  • Elon Musk, in his first address to Twitter employees, admitted that the company could face bankruptcy.
  • The SEC launched an investigation against Sam Bankman-Fried "for possible violations."
  • BlockFi: Due to the collapse of FTX, the company cannot operate as usual and the withdrawal service will be suspended.
  • The smartest cryptans bypass the FTX withdrawal block via non-fungible tokens (NFT) and KYC in the Bahamas — millions of dollars have been withdrawn from the exchange in the last few hours.
  • Банк России может заняться созданием в России репозитория — места хранения данных для смарт-контрактов на блокчейне.
  • CZ warns that more companies could fail in the coming weeks due to FTX problems.
  • PS:Bitcoin may decline in the range of $15,500-$16,800. Further, there remains a possibility of a decline in the range of $12,500-$14,000.
    Crypt. Results November 12-13