Criptos News

Latest news about blockchain and cryptocurrencies

Binance Provides Proof of Reserves in Response to FTX Collapse – This is How Much Money They Have

by cryptonews in  , , ,

The major crypto exchange Binance has revealed details about its reserves as nervousness started to spread in the crypto community following the collapse of rival exchange FTX. According to the information Binance has revealed so far, the exchange held the following digital assets as of November 10: In total, the current market value of these cryptoassets at the time of writing is close to $71bn…. Read More: Binance Provides Proof of Reserves in Response to FTX Collapse – This is How Much Money They Have…

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$46.5 Million USDT Owned by FTX Frozen by Tether at Request of Law Enforcement

by cryptonews in  , , , ,

Major stablecoin issuer Tether froze $46.5 million of USDT held by the collapsing crypto exchange FTX, reportedly at the request of law enforcement. Specifically, this is the USDT held on the Tron blockchain in a wallet belonging to FTX, according to block explorer Tronscan. This wallet contains USDT 46,549,320, along with some TRX, USDD, and other coins, with a total value of $66.4 million. This means that the majority of the wallet’s contents have been frozen. … Read More: $46.5 Million USDT Owned by FTX Frozen by Tether at Request of Law Enforcement…

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European Crypto Asset Trading Firm CoinShares Reveals Over $31 Million Exposure to FTX

by cryptonews in  , ,

The European crypto investment and research firm CoinShares has revealed that it held more than $31m on the embattled crypto exchange FTX, calling it a “limited exposure.” “CoinShares confirms robust financial health and quantifies limited exposure to the FTX Exchange, while confirming that the Group has no exposure to FTX’s sister company, Alameda Research,” a Twitter thread from CoinShares said on Thursday…. Read More: European Crypto Asset Trading Firm CoinShares Reveals Over $31 Million Exposure to FTX…

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Sam Bankman-Fried Apologises, Tells Binance ‘You Won’

by cryptonews in  , ,

FTX CEO Sam Bankman-Fried has sent apologies in his first series of tweets since the collapse of FTX. “I fucked up, and should have done better,” the CEO said.  In his first series of tweets since Binance announced and then reversed an offer to buy troubled crypto exchange FTX, SBF apologized to everyone involved in the platform, acknowledging he had made mistakes and reiterating his commitment to doing right by users…. Read More: Sam Bankman-Fried Apologises, Tells Binance ‘You Won’…

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