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” Sam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’ “ In one of his first public statements since rumors and concerns about FTX’s insolvency flooded the crypto market, CEO Sam Bankman-Fried, or SBF, has said: “I’m sorry.” In a Nov. 10 Twitter thread, SBF admitted to investors he “should have done better”…
” Binance shares wallet addresses and activity after proof of reserve pledge “ In light of the FTX liquidity crisis and the almost-acquisition by Binance, Binance CEO Changpeng “CZ” Zhao assured his community that his network would provide full transparency on asset holdings. On Nov. 10, Binance published a new page titled “Proof of Assets” on…
” Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals “ Kris Marszalek, CEO of cryptocurrency exchange Crypto.com has become the latest crypto company promising to publish “audited proof of reserves,” amid the downfall of rival exchange FTX. “We share the belief that it should be necessary for crypto platforms to publicly share proof…
” Bitcoin price hits multi-year low at $15.6K, analysts expect further downside “ Investor sentiment in the crypto market is floundering after Binance decided to nix its agreement with FTX to purchase the distressed cryptocurrency exchange. The events have sent Bitcoin to a new yearly low, while other altcoins have also taken a sharp downturn. …
” OKX, Kucoin say proof of reserves will be ready in a month “ In the wake of the FTX liquidity crisis, two major crypto exchanges have announced that they will provide Proof of Reserves, also known as Proof of Funds (PoF) within the next month. In an official tweet, OKX stated “We’re hiring Armanino…
” Binance tops up SAFU fund at $1 billion amid price fluctuations “ As the liquidity crisis and acquisition of cryptocurrency exchange FTX continues, Binance CEO Changpeng “CZ” Zhao assured his community of insurance of sufficient funds backing the network. In a tweet on Nov. 9, CZ said that the exchange has once again topped…
” FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter “ Sam Bankman-Fried, founder and CEO of the troubled cryptocurrency exchange FTX, appears to have retracted his words about the safety of client holdings on FTX. Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets…
” Binance CEO shares ‘two big lessons’ after FTX’s liquidity crunch “ Binance CEO Changpeng “CZ” Zhao has shared his take on “two big lessons” to be learned from the FTX saga, saying cryptocurrency firms shouldn’t use their own tokens as collateral and should also keep “large reserves.” In a Nov. 8 tweet, Zhao laid…
” Binance’s FTX acquisition seen as chess move by crypto community “ “Who needs Netflix when you are in crypto?”, commented a user on Twitter as the crypto industry attempts to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclosed on Nov 8., has been compared with a “chess move”…
” SBF calls for collaboration with Binance ‘for the ecosystem’ “ FTX founder and CEO Sam Bankman-Fried took to Twitter again on Nov. 7 to claim that “a competitor is trying to go after the cryptocurrency exchange with false rumors”, while also calling for collaboration with the rival exchange Binance. The comments follow a statement…