DeFi News
FTX contagion in S.Korea: GOPAX halts Genesis-backed DeFi
S.Korean crypto exchange GOPAX halted withdrawal of principal and interest payments in its DeFi service which brokers products from Genesis.
Danny Park
Lens
FTX
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Regulation
New FTX chief says lack of controls at bankrupt exchange ‘unprecedented’
John J. Ray III, a Chicago-based lawyer and the new CEO of now-bankrupt crypto exchange FTX, has criticized the lack of “appropriate corporate governance” across FTX Group companies under Sam Bankman-Fried, the founder and former CEO of FTX.
Pradipta Mukherjee
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Regulation
Indian crypto exchange CoinSwitch says proof of reserves shows sufficient reserves to match clients’ stake
Indian crypto exchange CoinSwitch’s proof of reserves summary, that was shared on Thursday, stated that as of Nov. 4, the exchange’s overall holdings of crypto and fiat balances in Indian Rupees (INR) exceeded those held by the exchange on behalf of its users.
Pradipta Mukherjee
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Regulation
Sam Bankman-Fried regrets bankruptcy filing, blames “messy accounting”: Vox interview
Sam Bankman-Fried, the founder of the FTX, says he regrets the company's bankruptcy filing, blamed the downfall on “messy accounting” and criticized regulators.
Dylan Butts
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Regulation
Binance denies UK lawmaker’s allegation it deliberately tripped up FTX
In a submission to the U.K. Parliamentary Treasury Committee, Binance denied that it deliberately sought to sink competitor crypto exchange FTX.
Ningwei Qin
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Regulation
Class action lawsuit targets SBF, celebrity FTX endorsers Tom Brady, Naomi Osaka and others
Sam Bankman-Fried and roughly a dozen of the embattled exchange’s celebrity endorsers are the subject of a class action lawsuit filed by FTX users.
Oisin Mcilroy
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Altcoins
Singapore’s Temasek writes off US$275 mln in FTX
Temasek says its belief in Sam Bankman-Fried may have been ‘misplaced.’
Danny Park
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Bitcoin News
Crypto winter may last until end of 2023: Coinbase research
The collapse of FTX may extend crypto winter to the end of 2023, according to a monthly outlook report by U.S.-based crypto exchange Coinbase dated Nov. 15.
Pradipta Mukherjee
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Bitcoin News
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.
Zoltan Vardai
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Regulation
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.
Forkast.News
