Latest Crypto News

A Bahamian police investigation and inquiries by US authorities are just the tip of FTX's current woes.

Allegations surrounding FTX range from an inside job to a “backdoor” accounting hole that allegedly let large transfers go unnoticed.

Sam Bankman-Fried is out of the cryptocurrency exchange he founded and built into a powerhouse in just three years.

FTX files for bankruptcy, as Sam says that he is "really sorry" for all that's happened.

The ongoing implosion of Sam Bankman-Fried's crypto exchange will have an impact on the public perception of the industry, as well as regulatory and political consequences.

The crypto lender staved off bankruptcy this summer after FTX CEO Sam Bankman-Fried intervened, but faces an uncertain future after the troubled exchange itself halting withdrawals.

The largest NFT marketplace backed down from a plan to collect resale royalties only for new collections that allow creators to make them unsalable on non-compliant marketplaces.

Sam Bankman-Fried has told FTX.com investors that the exchange is teetering on the brink of bankruptcy unless it secures an urgent cash injection, according to Bloomberg.

Plus — Meta cuts 11,000 jobs… and why Twitter's plans to roll out verification to everyone have gone very badly.

SBF stressed that the current liquidity crisis affects users of FTX's international exchange, and not customers who are based in the U.S.

Twitter Blue subscribers do not need to undergo identity checks in order to receive a coveted blue tick, meaning it's painfully unclear exactly what their verification status means.

FTX has suspended registrations for new users, has held talks with Justin Sun, and is facing allegations that customer funds were used to prop up a sister company.

Binance's reversal comes less than a day after Changpeng Zhao revealed that a non-binding letter of intent had been signed to explore an acquisition.

To put these job cuts into context, Twitter lost about 3,750 staff when it halved its headcount last week — meaning Meta's reduction is far more drastic.

The crypto markets are in a state of shock right now after one of the most sensational developments of 2022: Binance's CEO has announced that his exchange is planning to acquire FTX.

Changpeng Zhao says a non-binding letter of intent was signed on Tuesday, and full due diligence will be performed in the coming days.

SBF was being heralded as one of the youngest self-made millionaires in history, and was vowing to give away as much of his wealth as possible.

Although BTC had slightly recovered by Wednesday morning — trading at $18,317 — it's still plunged by 73.33% over the past 12 months.