FTX contagion spreads to Africa as Web3 venture studio Nestcoin announces exposure to the failed exchange
The CEO says a significant portion of the company’s assets are held at FTX and will now have to lay off some employees.
FTX collapse: A timeline of events as they unfold
Documentation of the events around the failure of the cryptocurrency exchange FTX.
FTX ‘erroneously’ listed African crypto company BitPesa for bankruptcy
A representative of the company told Crypto Africa that FTX isn't a shareholder in BitPesa and its affiliated entities.
FTX files for bankruptcy as CEO Sam Bankman Fried resigns
The crypto exchange has appointed a new CEO as it scrambles to repay creditors, customers and investors. The group of companies will continue to operate normally and pay creditors over time according to Chapter 11 of the United States Bankruptcy code.
Bankman-Fried reportedly used billions in FTX funds to bail Alameda Research
This follows previous reports that FTX trades with users' funds.
Cryptocurrency exchanges are promising to publish proof-of-reserves
At least nine leading exchanges have made commitments to publish their reserve certificates following the insolvency fears at FTX.
Binance to acquire FTX.com in a shock-inducing move after a $6 billion liquidity crisis
FTX is said to be experiencing a “liquidity crunch.” Binance's decision to sell its FTT holdings had triggered a bank-like run on FTX. Read on for the details.