Newsletter Nov 16, 2022
Special Report-FTX's Bankman-Fried Begged For A Rescue Even As He Revealed Huge Holes In Firm's Books

As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7 billion in emergency funds.


CZ Lists Important Steps Binance, Other CEXs Should Adopt To Regain Users' Trust

"I think the industry collectively has a role to protect consumers, to protect everybody. So it's not just regulators. Regulators have a role, but it's not 100% their responsibility," CZ said at the B20 earlier this week.



FTX Collapse About To Claim Its First Victim: BlockFi May File For Bankruptcy

As part of exploring other possibilities moving forward, BlockFi had discussions with Binance about financial help, according to a report.

Nestcoin Latest To Fire Employees As Company Investments Stuck In FTX

The startup held a "significant proportion of stablecoin investment" on the bankrupt FTX exchange.

'Shiba Eternity' Surprises Community With New Milestone

"Head down working. Update coming soon and I think you will love it," Kusama said.

Huobi To Restructure Into Multiple Departments Reporting To Tron Founder, Leak Reveals

Huobi has not yet issued any statement about the latest rumor claiming Sun's takeover of the company.

Sam Bankman-Fried's Puzzling Tweets Trigger More Theories

When asked what his tweets mean, SBF said, "I'm making it up as I go" and the tweets are "going to be more than one word."

Musk Names 3 Crypto Assets With 'A Future'; Shares His Impression Of SBF After Meeting

The cryptocurrency industry is currently experiencing a never-before-seen crisis folowing the spectacular collapse of FTX.


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