South Korea freezes Terra cofounder Daniel Shin’s US$104 mln in assets; CEO Do Kwon tweets he was wrong, not fraudulent

Terra’s former executive Daniel Shin’s US$100 million were frozen on Thursday; Do Kwon tweets that the Terra team did everything to save UST

Crypto exchanges see record-high week of BTC outflows, following FTX saga

Bitcoin outflows from centralized crypto exchanges rose to a historic high this week, as investors turned to self-custody options following the collapse of FTX.

FTX collapse leaves investors jittery over crypto contagion

Top blockchain and crypto news: FTX fallout spooks sector. Crypto.com’s $400 million ‘accident.’ Hong Kong’s new digital asset drive.

Who is exposed to FTX? A running compilation on a rapidly moving target

The number of creditors with claims on the collapsed FTX cryptocurrency exchange and its affiliates may run into the hundreds of thousands and possibly more than 1 million.

Terra cofounder Daniel Shin’s Chai Corp. raided by S.Korean authorities

Daniel Shin’s Chai Corporation, which partnered with Terraform Labs in 2019, is accused of violating capital market rules in past dealings with Terra.

Trezor, Ledger report surge in hard wallet sales amid FTX meltdown

What to do when one of the world’s most trusted crypto exchanges implodes? For many it’s finding a safer place for their assets, and that is typically hardware wallets.

Enron veteran is FTX’s new head: Does he have what it takes to win back user’s funds?

The failure of cryptocurrency exchange FTX has been compared to the Lehman Brothers collapse in 2008, but it may have more similarity to the bankruptcy of energy trading giant Enron Corp. – an event FTX’s new chief executive officer knows all too well.

Crypto prices recover amid plans by Binance, others to aid cash-short projects post FTX failure

Exchanges to the rescue? Cash is reportedly being made available to help blockchain and crypto projects caught in the fallout of the FTX exchange collapse.
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Crypto.com claims user funds safe despite ‘accidental’ Ether transaction

The chief executive of Crypto.com, said the exchange’s exposure to FTX when it shut was under US$10 million.

Binance says it will set up crypto recovery fund, industry standards group

Changpeng Zhao, founder and chief executive of Binance, tells the B20 Summit in Indonesia that the world’s largest cryptocurrency exchange aims to help improve business and operation standards in the crypto industry.

Crypto prices slide as investors pull funds on concerns other exchanges may follow FTX implosion

The collapse of one of the world’s biggest crypto exchanges last week has investors worried about the finances of other trading platforms. Cold wallet time?

FTX files for bankruptcy, Sam Bankman-Fried steps down as CEO

FTX.com, FTX US and 130 additional affiliates have filed for bankruptcy, its new CEO John J. Ray III says.

Binance chief says FTX bailout deal ‘didn’t make sense’

Changpeng Zhao, founder of the world’s largest crypto exchange, said its earlier pledge to acquire FTX fell through partially due to regulatory concerns.

Could FTX woes bring on another crypto freeze resembling Terra-Luna?

Crypto exchanges and lending platforms are starting to use the dreaded F word for Freeze amid worries about the possible collapse of FTX.com, part of one of the world’s biggest cryptocurrency trading networks.
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Shark Tank’s Kevin O’Leary says ‘FTX still has value,’ its story still being written

While FTX’s cash crunch has rattled global markets and investors, a White Knight investor could quickly turn the tide for the company, O’Leary told Forkast in an interview.

FTX liquidity crunch leads to contagion fears; Friday updates and running commentary

The following is a running compilation of views and comments on the possible short- and long-term outcomes of FTX’s liquidity crunch.
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Crypto exchange outflows rise amid FTX fiasco

Over 5.2 billion stablecoins left crypto exchanges on Wednesday, the most in five months, on-chain data showed.

FTX debacle has crypto industry pointing finger at regulators in call for clear rules of the road

The FTX.com unraveling has prompted crypto industry leaders to demand clearer rules of the road for trading digital assets.

Binance the winner in FTX saga, set to gain more customers

Binance may have nixed the deal to bailout rival exchange FTX.com, but it could still gain a big chunk of FTX’s business as investors flee the platform.

What a difference a day makes: Options for FTX after Binance ditches buyout?

Binance cites due diligence on FTX books for pulling out of a deal to buy FTX.com, sending markets into a tailspin and leaving Bankman-Fried in need of another buyer… fast.
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Bitcoin hits lowest price in two years as Binance cancels FTX acquisition

Just over 24 hours after news of Binance’s planned acquisition of FTX shook the crypto market, a reversal of that decision sent prices even lower.

Binance’s Changpeng Zhao emerges as ‘winner on all fronts’ of FTX acquisition

Commonly known as “CZ,” the Chinese-Canadian founder of Binance appears to have stolen Sam Bankman-Fried’s shine, coming out of the FTX acquisition with the most to gain.

Crypto exchanges see more withdrawals over fears of FTX liquidity

Large volumes of stablecoins moved out of exchanges, including KuCoin, OKX, Kraken, Huobi and Binance over the past week.
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Binance set to swallow FTX as run on exchange allows CZ to swoop

Top blockchain and crypto news: FTX concedes defeat in long battle with Binance. Crypto eyes Congress races. Hong Kong U-turns on digital assets.

Binance’s pending acquisition of FTX may attract attention of antitrust regulators

Binance chief executive officer Changpeng Zhao already runs the world’s largest cryptocurrency exchange so just what are his ambitions?

Binance becomes white knight for fallen FTX: How did we get here?

Binance steps in with deal to buy FTX.com, but with so many moving parts to consider how messy could this pending acquisition get?
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U.S. midterms: gridlock… and progress on crypto industry regulation?

In a period of toxic divide between the Democrats and Republicans, the need to figure out how to regulate the growing cryptocurrency industry is one of the few issues both parties seem to agree on.
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Stablecoin, CBDC issues take center stage at Singapore’s Future of Finance Forum

Central bank digital currencies draw fire over inflation, privacy and threat to innovation, as questions raised over status of stablecoins in digital asset ecosystem.

Hong Kong needs engineering talent to reclaim role as digital asset hub

Hong Kong’s latest FinTech policies indicate it wants to reclaim its position as a hub for cryptocurrencies and digital assets, but that means finding the right people for the job.
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FastForkast headlines

Terra cofounder Daniel Shin denies $100 mln LUNA cashout: report

Markets: Bitcoin flat, most crypto top 10 fall as Fed indicates further rate rises

China’s state blockchain infrastructure Xinghuo BIF partners Malaysian MyEG to fuel global push

Indian crypto exchange CoinSwitch says proof of reserves shows sufficient reserves to match clients’ stake

Ripple gets support from Blockchain Association in XRP lawsuit against SEC

Sam Bankman-Fried regrets bankruptcy filing, blames “messy accounting”: Vox interview

Markets: Bitcoin, Ether fall as FTX implosion, job cuts in tech industry cloud outlook

Binance gets Abu Dhabi regulator’s nod to offer crypto custody services

Korbit is first South Korean exchange to disclose full crypto reserves, post-FTX debacle

USDC stablecoin issuer Circle expects slower growth over Binance’s BUSD conversion

Crypto lender BlockFi faces possible failure amid FTX collapse, WSJ says

Markets: Bitcoin, Ether rise amid positive inflation data, despite reports of Russian missile strikes in Poland

FTX hacker becomes 35th largest Ethereum holder

Coinbase officially enters the fray in XRP lawsuit to support Ripple against SEC

Retail crypto sees more new users when Bitcoin prices rise: BIS report

Shark Tank’s Kevin O’Leary says FTX debacle will never happen again

Vitalik Buterin seeks to build proof-of-reserves protocol with Binance as ‘guinea pig,’ says Binance chief

Mining rig maker Canaan’s stocks fall as Q3 profits shrink

Former Huobi CEO Leon Li offers US$14 mln loan to cover funds locked in FTX

S.Korea summons ex-Terra exec Daniel Shin over US$100M in LUNA gains

FTX Japan resumes withdrawals, FTX Turkey firms up plans

FTX US warns user trading could be halted ‘in a few days’

U.S. regulators reportedly talking with Binance over failed FTX bail out

Sam Bankman-Fried apologizes in first tweet since Binance saga: I F***** Up

Bitcoin gains 5% as U.S. inflation slows down in October

US regulators DoJ, SEC, CFTC probe crypto platform FTX

Binance likely to back out of FTX deal: report

The fall of FTX “not good for anyone,” CZ says

Singapore’s Temasek holds stake in FTX, a target of Binance takeover

Binance boosts emergency insurance fund to US$1 billion on market volatility

What could Binance gain from FTX’s wider investments?

‘Pharma bro’ Martin Shkreli to Do Kwon: jail isn’t that bad

Coinbase says it has minimal exposure to FTX, downplays risk

Binance buys FTX: Updates on what it means for the crypto industry

Markets: Bitcoin hits year low, Ether slumps as Binance rescue of FTX unnerves investors

Binance agrees to acquire FTX following liquidity crunch

Alameda says ‘wasn’t us’ amid speculation about BitDAO’s 20% plunge

Seizure, guilty plea in US$3.36 bln stolen Silk Road Bitcoin case

Markets: Bitcoin, Ether prices fall with most of crypto top 10, Polygon flips Solana

Markets: Bitcoin, Ether fall; Dogecoin interest fades

Indian crypto exchange WazirX introduces profit, loss function

South Korea’s online KakaoBank to open accounts for Coinone exchange users this month

Markets: Bitcoin, Ether prices pull back after weekend gain on sign U.S. inflation may be easing