Cryptocurrency Analysis and News Portal
When it was first discovered that FTX might be insolvent, a large slew of crypto exchange executives said that they aimed to provide proof-of-reserves audits. While exchanges like Binance and Crypto.com have provided wallet addresses tied to company wallets, blockchain analytics firm Nansen has detailed the company is in the
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In light of the FTX liquidity crisis and the almost-acquisition by Binance, Binance CEO Changpeng “CZ” Zhao assured his community that his network would provide full transparency on asset holdings.On Nov. 10, Binance published a new page titled “Proof of Assets” on which all details are available of its on-chain activity
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The crypto exchange says its holds around 475,000 bitcoin ($7.8 billion), 4.8 million ether ($5.57 billion), 17.6 billion USDT ($17.4 billion), 601 million USDC ($607 million), as well as close to 21.7 billion of its own stablecoin BUSD (worth $21.9 billion) and 58 million of its BNB tokens (worth $16
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On-chain findings show Alameda has a $3 million debt over several Ethereum addresses. Source
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While decentralized finance (DeFi) is expected to be an upgrade to traditional finance mechanisms, some believe that denying users access to decentralized exchanges based on their wallets is a backward move. In a tweet, entrepreneur Brad Mills criticized DeFi for denying users access to decentralized exchanges (DEXs) due to various factors
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First Mover Asia: Alameda Research, FTX Are Bound to Each Other; Bitcoin Trades Sidways, Dogecoin Plunges Late as Twitter Halts Work on Crypto Wallet Original Source
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The company is expected to lay off about half its employees, according to a Bloomberg report on Thursday, citing unnamed sources. Last week, Musk ousted his CEO and other senior executives, and in the past has made no secret of his intent to change Twitter's direction. Source
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The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million —
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Major cryptocurrency derivatives exchange Deribit has halted withdrawals after suffering a $28 million hot wallet hack.Deribit exchange got its hot wallet compromised before midnight UTC on Nov. 1, the firm reported on Twitter.The exchange emphasized that client funds are safe as losses are covered by Deribit’s reserves, stating:“Client assets, Fireblocks
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Cryptocurrency options and futures exchange Deribit has been hacked, with $28 million being drained from its hot wallet. Original Source
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