FTX

Blockchain analytics firm Elliptic said that around $473 million worth of cryptoassets were "moved out of FTX wallets in suspicious circumstances early this ...

FTX Trading Limited, which is an affiliated crypto trading firm has recently collapsed and filed for US bankruptcy protection on Friday.

Crypto exchange giant FTX collapsed after founder Sam Bankman-Fried filed for US Bankruptcy protection, following which his flight has become the most ...

FTX filed for U.S. bankruptcy protection on Friday and founder Sam Bankman-Fried resigned as chief executive.

Most of the attention has been on former CEO and founder Sam Bankman-Fried who has since resigned. "The whole operation ...

In January, FTX was valued at $32 billion by investors including SoftBank and BlackRock. The crisis has reverberated throughout the crypto industry, ...

Once the white knight of crypto, Sam Bankman-Fried now needs someone to bail him out. Illustration by Gracelynn Wan for Forbes; Photos by Saul Loeb/Getty Images.

At that juncture, FTX thought it had enough [money](https://www.forbes.com/sites/mariagraciasantillanalinares/2022/09/27/ftx-pays-14-billion-to-get-voyagers-crypto-customers/?sh=15fe5c744168) to return most of the assets to Voyager owners in hopes of retaining some of them as clients. If it turns out that FTX used them for its own purposes, including possibly lending them to Alameda, that would lift the clients in the hierarchy of who is owed money during the bankruptcy. Despite Bankman-Fried owning a 7.6% stake in the brokerage after he invested around $650 million in May, Tenev insisted there was no direct or material exposure to FTX, adding that his brokerage has seen crypto inflows increase as a result of the turmoil. “FTX was sort of the white knight in Voyager,” says Gayda. With roughly $6 billion in cash at the end of the latest quarter, Robinhood likely won’t be hurt badly even if Bankman-Fried is forced to unload his stake as part of bankruptcy proceedings. If the FTX customers, who will be treated as unsecured creditors in bankruptcy, want to be proactive, they can do more than wait to be rescued. Over 63% of the assets are stablecoins, including tether and dai, which are meant to be fully collateralized with liquid assets and thus shielded from an event like the selloff that has wiped about 20% off of crypto values in the past week. “There’s really a crisis of confidence with respect to customers in the crypto industry,” says Gayda. Investors should “brace themselves for contagion from FTX’s bankruptcy,” Anto Paroian, CEO of crypto hedge fund ARK36, said in emailed comments. Valued at $32 billion in its latest funding round, FTX’s worth has crashed in the span of one week. The main option for FTX customers to recoup at least some of their holdings, says Robert Gayda, partner at Seward & Kissel corporate restructuring and bankruptcy group, is for a “Voyager-style sale” of any remaining crypto assets. Assets still under the company’s control would be put up for sale to the highest bidder.

FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from the platform in just 72 ...

We'll send you a myFT Daily Digest email rounding up the latest FTX Trading Ltd news every morning. Sam Bankman-Fried's main international FTX exchange held ...

Reuters reports that at least $1 billion worth of customer funds have vanished from the failed crypto exchange.

Days after FTX filed for bankruptcy, the Crypto exchange platform witnessed unauthorised outflow of its assets under 'suspicious circumstances'

At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.

About USD 1 billion in customer funds have vanished from troubled cryptocurrency exchange FTX, Reuters reported citing top official sources.

The crypto exchange founded by Sam Bankman-Fried imploded after revelations about its financial dealings with affiliated trading firm Alameda.

More than $500 million appears to be missing from the crypto currency exchange, following a bankruptcy filing Friday.