EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Bitcoin Price Crash as Bankrupt FTX Exchange Assets go ‘missing’

Admin by Admin
November 23, 2022
in Crypto News
0
Tokyo-Based Online Brokerage Expressed Interest In Acquiring FTX
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

Bitcoin (BTC) price suffered a fatal fall due to the implosion of the cryptocurrency exchange FTX. As a result, the crypto market took a tumble, leaving the exchange to file for bankruptcy on November 11.

The untimely collapse of the FTX exchange caused many investors, retailers, and institutions heavy losses as their funds are still stuck in the exchange. To make matters worse, there was a hack soon after the bankruptcy was filed, worsening the already grim situation.

The bankruptcy hearing is taking place in a federal court in Delaware. Representing FTX at this hearing is James Bromley, a partner at the law firm Sullivan & Cromwell, who stated a “substantial amount of assets have either been stolen or are missing.”

The US Securities and Exchange Commission (SEC) is currently investigating the founder Sam Bankman-Fried’s actions as the executive of FTX.

The now-defunct FTX exchange had roughly $600 million in assets stolen by an exploiter. As this hacker started offloading his funds, the market reacted to it, triggering another sell-off.

Bitcoin price crashed roughly 6% between November 19 and 22 as a result of the low liquidity during the weekends.

However, as the new week began, Bitcoin bulls seemed to have come out of hiding, denoting a sudden shift in market sentiment.

 

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: BitcoinFTX
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Fintech Company Sued Over Alleged Unlicensed Crypto Services

Next Post

Bitcoin (BTC) Reclaims $16,500 But Not In Safe Zone

Admin

Admin

Next Post
Bithumb Largest Cryptocurrency largest Shareholder Exec Dies By Suicide

Bitcoin (BTC) Reclaims $16,500 But Not In Safe Zone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023
FTX Debtors Warn Customers Of Scams Promising Return Of Assets

FTX Debtors Warn Customers Of Scams Promising Return Of Assets

February 3, 2023
Commerzbank EURUSD

Things are getting increasingly difficult for bulls – Commerzbank

February 3, 2023

Recent News

TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023
FTX Debtors Warn Customers Of Scams Promising Return Of Assets

FTX Debtors Warn Customers Of Scams Promising Return Of Assets

February 3, 2023
Commerzbank EURUSD

Things are getting increasingly difficult for bulls – Commerzbank

February 3, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>