Does FTX have over one million creditors? Tuesday, 15 Nov 2022 1:45 pm
Word coming out today suggests that bankrupt broker FTX may have over 1m creditors. In news coming from Reuters, then Bahamas-based exchange outlined a "severe liquidity crisis" in its bankruptcy filings. And, additionally to this it's come to light that the current number of one hundred thousand creditors may increase by ten times. This is because FTX requested that multiple group companies file one consolidated list of creditors, rather than separate ones. Tricky times ahead. Do you want to trade with a secure and highly regulated exchange? Sign up for Coinbase here... Read the full newsflash
FTX Withdrawls Paused Until Further Notice Tuesday, 8 Nov 2022 8:48 pm
When Crypto Lists made a test to withdrawal crypto from FTX (see review), the notification re received was slightly different to usual. While the requested amount and selected coin was shown as usual, there was an extra code in the bottom of the email: "Withdrawals are processed within a few hours". Now, it's been over 5 hours and withdrawals are still paused until further notice. CryptoLists.com expects Binance to step in and assist within 24 hours, since they signed an agreement to purchase FTX global. The US subsidiary of FTX is not affected by the news. The FTX token has fallen from 22 USD... Read the full newsflash
Will FTX news propel the bear market? Tuesday, 8 Nov 2022 8:05 am
With the latest news around the famous FTX crypto exchange and its native token, FTT, sending shockwaves through the industry, it's worth considering the wider impact of Sam Bankman-Fried's feud with Binance. Bitcoin and altcoins are on a downward trend, and industry analysts online predict further bearish moves before an upturn in late Q4 2022 or Q1 2023. Despite the ongoing turmoil, the platform remains one of the best exchanges to trade crypto. You can sign up for FTX here!... Read the full newsflash
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