Class-action lawsuit alleges Signature bank ‘permitted’ FTX comingling customer funds

Crypto-friendly Signature Bank has been drawn into a class-action lawsuit over its role in the operations of the defunct crypto exchange FTX, according to a February 6 court filing. The post Class-action lawsuit alleges Signature bank ‘permitted’ FTX comingling customer funds appeared first on CryptoSlate.

210 +

Did FTX Have $11.5M Stake in 3-Employee Bank to Bypass Banking License?

Reports have emerged that Alameda Research, a sister company to FTX, had an $11. 5 million stake in a small U. S. bank. Some wonder if it was intended to bypass the banking license process. The post Did FTX Have $11.

221 +

Singapore central bank explains why Binance was on its alert list, but FTX wasn’t

The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators.

343 +

Silvergate, Provident Bancorp, and Signature Bank Got Burned Playing With Crypto

Several major traditional banks with varying degrees of crypto exposure now find themselves unsure of their next move in the wake of the FTX collapse. The post Silvergate, Provident Bancorp, and Signature Bank Got Burned Playing With Crypto appeared first on BeInCrypto.

203 +

Kucoin On The Spot For Holding Nearly One-Fifth Of Its Reserves In Its KCS Token

147 +

First Mover Asia: Bitcoin Falls to 2-Year Low on Renewed Contagion Fears

ALSO: Singapore's central bank is under scrutiny over whether Sam Bankman-Fried's FTX exchange received favorable regulatory treatment, Sam Reynolds writes.

87 +

CryptoSlate Wrapped Daily: FTX took $3.7B loss in 2021; Coinbase reveals Grayscale Bitcoin reserves

The biggest news in the cryptoverse for November 21 includes FTX’s call to other exchanges to expect and prevent hacker cash outs, Coinbase disclosing Grayscale’s 635,000 Bitcoin reserve, and Bank of England’s claims that blame the FTX crash on the FTT token run.

183 +

FTX was under US prosecutors radar before collapse

The Attorney's Office of the Southern District of New York was investigating FTX months before its collapse The investigation was related to United States Bank Secrecy Act The most infamous The post FTX was under US prosecutors radar before collapse appeared first on AMBCrypto.

262 +

Bank of England warns about the risk associated with DeFi

Bank of England is not convinced that DeFi has the ability to solve financial risk after the FTX implosion. Bank of England pessimistic about DeFi and risk management On Monday, November 21, 2022, the deputy governor of the Bank of…

286 +

BoE speculates FTT token fire sale may have sparked FTX collapse, calls for widespread regulation

Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on November 21, where he said that the FTX collapse was triggered by an run and that the crypto space should be brought under regulation to offer stability.

153 +

FTX begins strategic review of all company assets

FTX has engaged US-based firm Perella Weinberg Partners LP as its lead investment bank to help with the sale or reorganisation of subsidiaries. FTX Trading is set to review all of the bankrupt cryptocurrency exchange’s assets around the globe, the team handling the collapsed company’s bankruptcy process said Saturday.

223 +

Bank Of America drops Coinbase over FTX’s misdoings

Bank of America decided to stock downgrading due to the FTX crypto exchange disaster and its impact on the cryptocurrency market.

175 +

What’s going on with Silvergate, the bank that props up the U.S. crypto market?

Earlier this week, cryptocurrency bank Silvergate announced that its exposure to FTX was limited to its deposits. The post What’s going on with Silvergate, the bank that props up the U.S. crypto market? appeared first on CryptoSlate.

167 +

Shares of Crypto Bank Silvergate Continue to Fall Despite CEO’s Remarks

Traders seem to be anticipating Silvergate could be significantly affected by the collapse of FTX.

214 +

Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath

Bank of America has had a buy rating on Coinbase throughout its long decline this year, but threw in the towel on Friday with a downgrade to neutral.

125 +

$2.8B Crypto-Focused Lending Firm Genesis Halts Withdrawals Fearing A FTX-Induced Bank Run

Genesis Global Capital, the crypto lending unit for crypto investment bank Genesis Trading has decided to halt withdrawals in the wake of the FTX collapse. On Wednesday morning, Genesis held a 7-minute call with customers informing them that withdrawal requests for Genesis Capital had exceeded their liquidity capital.

109 +

FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say

Sources told CoinDesk that FTX was used as a bank by many of its employees. Now, their money is probably gone.

81 +

Cronos [CRO] up by 5% after CEO's AMA clears FUD air

CRO gains 5% after Crypto. com CEO AMA  CRO witnesses improved sentiment, but holders still under losses Crypto. com is still facing a potential bank run after FUD escalated its FTX exposure.

181 +

Crypto Bank Silvergate Bucks Market Rally as FTX Exposure Is Questioned

Silvergate shares were down about 7% while other crypto-linked stocks rallied Tuesday.

169 +

FTX Fallout Continues: Visa Dumps FTX, BlockFi Still Suspended, Crypto.com Skirts a Bank Run

The fallout from the FTX saga continued over the weekend and into Monday with little sign of slowing. FTX Breaks Off Visa Partnership Visa has ended its partnership with FTX....

237 +

CryptoSlate Wrapped Daily: Crypto.com CEO dismisses bank run speculation; Alameda Research held tokens before their FTX listings

The biggest news in the cryptoverse for November 14 includes Crypto dot com CEO saying his exchange accidentally transferred 320,000 ETH to Gate. io; Kraken, Coinbase, and Gate. io publishing full proof-of-reserves with liabilities, and Binance launching a recovery fund for strong projects caught up in the FTX collapse.

238 +

Plaid suspends FTX.US access to user data after ‘concerning’ reports

United-States-based Twitter users had been reporting suspicious data access requests from FTX.US to their bank accounts.

76 +

Crypto Bank Silvergate Capital Surges on Lack of FTX Exposure

The lender said it has no outstanding loans nor investments in the bankrupt crypto exchange.

168 +

Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns

Silvergate shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer of theirs.

160 +

FTT Tanks 28% as FTX Exchange Struggles to Process Withdrawals

FTXs FTT exchange token has fallen to its lowest level since early 2021. FTT Token Breaks Support FTX is experiencing a bank run, and its FTT exchange token is suffering....

163 +

CryptoSlate Wrapped Daily: Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console

The biggest news in the cryptosphere for September 22 includes Binance’s newly-set Global Advisory Board that’ll foster responsible regulation of the crypto sector, the agreement Russia’s financial watchdog and largest bank reached to use crypto for international payments, and the indefinite close-up of the banks in Lebanon which pushed the Lebanese to turn to crypto.

313 +

Voyager secures court approval to refund $270M, says it received better offers than FTX bid

Struggling crypto lender Voyager Digital has been allowed to return its customer’s $270 million deposited with Metropolitan Commercial Bank, The Wall Street Journal reported on August 4. The post Voyager secures court approval to refund $270M, says it received better offers than FTX bid appeared first on CryptoSlate.

218 +

Voyager received better buyout offers than FTX’s, set to return $270M to customers

The crypto lender will be allowed to return a portion of customer funds locked up at the Metropolitan Commercial Bank which have been frozen until now.

210 +

BoE's Cunliffe Cautions Against 2008 Repeat With FTX's Derivatives Rule Change Proposal

The Bank of England official is skeptical whether decentralised finance (DeFi) will ever be a thing.

294 +

FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies.

225 +

Dubai Is On Its Way To Becoming Crypto’s WonderLand After Issuing Licenses To Binance And FTX

The resurgence across major cryptocurrencies comes even as the Russian stock market opens up for trading after shutting down for a month following a central bank decision after major stock indices slumped in the aftermath of the Ukrainian invasion.

91 +

Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website

FTX is converting crypto contributions to Ukraine’s war effort into fiat for deposit at the National Bank of Ukraine.

187 +

Bank of America, FTX, & Coinbase Join Paxos as Strategic Investors, State Street Offering Crypto Services to Private-Fund Clients

“No signs of a slowdown” in the growth in popularity of crypto assets, says Nadine Chakar, head of State Street Digital. Meanwhile, PayPal’s crypto liquidity provider gets a $2. 4 billion valuation as high-profile names join its $300 mln funding round.

278 +

Bank of America и Coinbase Ventures стали стратегическими инвесторами Paxos

К апрельскому раунду финансирования компании Paxos присоединились четыре крупных стратегических инвестора: Bank of America (BofA), Coinbase Ventures, FTX и Founders Fund Питера Тиля.   Big news this AM! @BankofAmerica @coinbase Ventures @foundersfund & @FTX_Official have invested in our Series D funding round.

312 +