Huobi's TVL drops to $2.5B amid rumors of insolvency, investigations in China
The exchange faces ongoing rumors about its stablecoins reserves and an alleged investigation by Chinese authorities.
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US regulators shut down Signature Bank despite 'no insolvency': Report
"Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank.
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency
“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS.
SBF says Sullivan & Cromwell contradicted itself with insolvency claims
The former FTX CEO says the exchange’s new attorneys are not taking into account customer bank balances
Amber Group ditches expansion plans after denying insolvency: Report
Temasek-backed Amber has raised about $50 million in funding from a new sovereign fund, with the deal to be announced in January.
Crypto Twitter calls for calm after wETH insolvency joke goes viral
Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppelmann were among those explaining later that the Wrapped Ethereum (wETH) FUD was part of an inside joke.
Getting funds out of FTX could take years or even decades: Insolvency lawyers
The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline.
Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July
Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him.
Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion
BTC and altcoins continue to sell-off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market.