Crypto exchange FTX is seeing millions of dollars flow out of its exchange with early reports of some user account balances being drained completely.
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FTX US Resigns From the Crypto Council for InnovationFTX US has resigned from the crypto_council, an industry trade association based in Washington, D.C. cheyenneligon reports
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Crypto.com CEO Shares Company's Crypto Reserve Addresses in the Wake of FTX Bankruptcy – Bitcoin NewsCrypto․com's Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet addresses shared are the company’s cold wallets.
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How Crypto Giant FTX Suddenly Imploded - The Journal. - WSJ PodcastsOnce a leader in the world of cryptocurrency, Sam Bankman-Fried’s crypto exchange FTX is scrambling for funds. It’s now facing a shortfall of $8 billion after Binance walked away from a rescue attempt. WSJ’s Caitlin Ostroff on what this means for the crypto ecosystem. Further Reading: -Tensions Between Crypto Giants FTX, Binance Spill Into Public View -Binance’s Deal for Rival FTX Marks Power Shift Amid Crypto Turmoil -The 30-Year-Old Spending $1 Billion to Save Crypto Further Listening: -The Rise of Binance - And The Effort to Reel it In -The ‘Death Spiral’ of a Stablecoin
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TRX Momentarily Surges 4,000% on FTX After Justin Sun Emerges as Latest 'Would Be' FTX Savior.justinsuntron, also known as “Brother Sun” among believers, has offered a way out for FTX_Official in a move that caused TRX prices to momentarily rocket on FTX. By shauryamalwa.
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FTX's U.S. business is in troubleFTX US is separate from FTX, but its fate is likely to be equal.
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