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Cryptocurrency, Blockchain, and Fintech News Headlines Update on 2022-11-22

The collapse of crypto exchange FTX has continued to affect crypto markets and many crypto companies, with users losing trust in centralised crypto exchanges and fast withdrawing their funds. FTX is being investigated for fraud, and bankruptcy documents reveal amongst other things a ‘complete failure of corporate control, that FTX ‘loaned’ founder SBF $1 billion …

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FTX Moved Assets to Cold Wallets as Precautionary Measure

The Nassau, Bahamas-based FTX cryptocurrency exchange, which filed for bankruptcy on Nov. 11, 2022, has revealed it moved all digital assets offline and initiated an investigation to determine whether roughly $400 million USD in crypto assets were stolen. FTX general counsel Ryne Miller asserted that FTX “initiated precautionary steps,” including moving digital assets to cold …

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FTX claims hack

Updated on 2022-11-14 FTX reported suffering a theft of $600 million from its wallets. The crypto exchange urged users to delete their FTX apps and refrain from using the website. Read more: $1 billion of FTX customer funds have vanished, Reuters reported Updated on 2022-11-13: ‘FTX Has Been Hacked’ – Outflows Exceeding $600M FTX officials …

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