Tag: Insolvency
Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China
Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorit [...]
US regulators shut down Signature Bank despite ‘no insolvency’: Report
Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly S [...]
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a smal [...]
NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency
The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should the [...]
NYDFS Publishes Guidance on Crypto Insolvency Targeting Separation of Customer Funds
After crypto exchange FTX's bankruptcy proceedings revealed poor segregation of customer funds, the New York regulator is reminding service providers [...]
SBF says Sullivan & Cromwell contradicted itself with insolvency claims
Law firm Sullivan & Cromwell have contradicted themselves when they claim that shuttered crypto exchange FTX.US is insolvent, according to former [...]
Huobi confirms 20% layoffs, denies insolvency rumors
Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisit [...]
Explaining the Difference Between Liquidity and Insolvency
To be fair, it is not just crypto companies that say they are merely suffering from a “liquidity crisis” when they are actually insolvent. Traditional [...]
Amber Group ditches expansion plans after denying insolvency: Report
Cryptocurrency trading firm Amber Group is putting its expansion plans on hold despite the FTX contagion having “no disruption” to its daily operation [...]
Zodia Custody launches service to protect users’ crypto from exchange insolvency
Crypto asset provider Zodia Custody has launched a new service to help protect its clients from exchange insolvency. According to the company, its new [...]
Zodia Custody Introduces Service to Protect Against Crypto Exchange Insolvency
The crypto storage provider has rolled out a new service designed to protect clients' digital assets from insolvency of crypto exchanges.
www.coindes [...]
Crypto Twitter calls for calm after wETH insolvency joke goes viral
An inside joke about the “insolvency” of Wrapped Ethereum (wETH) over the weekend has forced influencers to explain it was just a “shitpost” after mem [...]
Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July
Richard Handler, CEO of Jefferies Financial Group, seemingly alleged on Nov. 10 that he knew about FTX’s liquidity problems back in July. In a Twitter [...]
Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion
Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Bitcoin (BTC) [...]
FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token
FTX CEO Sam Bankman-Fried has dismissed speculation over whether the company has enough capital to cover its liabilities and customer deposits.
www.c [...]