Tag: FTX
Binance submits FTX evidence to UK courts
Chinese cryptocurrency reporter Colin Wu tweeted on his account Wu Blockchain that Binance had declared it would provide evidence to UK lawmakers about its deal with FTX and its decision to sell FTT. According to a report from the Bloomberg television network, which Colin Wu tweeted about, Binance’s announcement to submit the details would prove…
Shiba: FTX Hacker Trades 400 Billion SHIB for Ethereum
The consequences of FTX continue to worsen. PeckShield reports that an address called “FTX Accounts Drainer” traded 2346 ETH for 400 billion Shiba Inu (SHIB) tokens, worth about $3.9 million. At a price of $2.9 million, the Ethereum represents a loss of roughly $1 million for the associated address. Etherscan reports that on the morning…
FTX Fall Will Have “Cascading Effects”
Binance CEO Changpeng Zhao was quoted by the Financial Times as saying at a conference in India that FTX fall will have “cascading effects,” implying that a crisis could be on the horizon. The tragic decline of FTX has been front-page news everywhere this week. Add to that the news today that the cryptocurrency trading…
Binance Acquire FTX: BNB Soars
Binance CEO Changpeng Zhao (CZ) recently confirmed in a tweet that the company would acquire FTX in full. This was also confirmed by Sam Bankman-Fried in a recent tweet of his. The CEOs of both exchanges have confirmed that they have agreed to a strategic transaction. The drastic action was taken to ease the severe…
