CRYPTO ASSETS

If its not the Bahamian government, who is the FTX hacker?

Malicious actors have their eyes set on FTX investors, banking on their loss and enticing them with the possibility that they could have their funds back.

"Accounting, audit, cash management, cybersecurity, human resources, risk management, data protection and other systems that did not exist... prior to my appointment," the new FTX CEO revealed.

The disaster of digital asset exchange FTX — combined with the fall of other centralized entities, Celsius and Terra, earlier this year — has served as a masterclass on how not to build and operate crypto solutions.

Retail investors say that the latest move related to Solana-based USDC and USDT may be connected to the FTX debacle, which has hit major industry players like BlockFi and Genesis.

The FTX debacle drags crypto winter and causes retail investors to lose trust on centralized custodial platforms.

"There's no one really out there making sure good things happen and bad things don't," Bankman-Fried said.

Kusama did not make any comment on the FTX debacle and instead changed their Twitter bio to "Focused on Shibarium."

This is not the first time that South Korean authorities raided Shin's property.

"While there have been multiple recent failures in crypto, it is important to distinguish between Terra's case...and the failure of centralized custodial platforms," Kwon said.

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

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

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

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."

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

"The NYT drops a softball piece on SBF painting him as an aspirational dude who genuinely got in over his head," a Twitter user wrote.

The cryptocurrency, which had been lauded by FTX's founder Sam Bankman-Fried, has been hit harder than any other major coin by the collapse of the exchange.

Roughly three-quarters of people who have bought bitcoin have lost money according to a study published Monday.

FTX was previously based in Hong Kong but moved its headquarters to the Bahamas in September 2021.

SBF along with two other former FTX executives are allegedly being held in the Bahamas while Alameda Research CEO Ellison is reportedly in Hong Kong and trying to get to Dubai.

Charitable organizations would be at a serious disadvantage if they decided to ignore crypto altogether.

The Shiba Inu community is not shaken by the recent price drop of the altcoin, especially since it anticipates the release of Shibarium documentation anytime soon.

"You know, if nothing else, I am a technologist and I can make technology go fast. And that's what you'll see happen at Twitter," Musk said.

AXS's price was nowhere near this a year ago.

Lucie (more popularly known as GossipShib), who used to be a Shiba Inu Growth Breed member, conducted a poll to take the pulse of the Shib Army.

Around 34,247,996 SOL tokens will get unlocked at Epoch 370, which will occur at around 3:37 a.m. ET Thursday.

Despite Google Cloud running a blockchain node on Solana, the SOL token crashed more than 11% and was pushed out of the top 10 coins by market cap.

Google Cloud announced that aside from participating and validating the network, the team also plans to bring its Blockchain Node Engine to the Solana chain next year.

BAYC is a set of 10,000 auto-generated images of cartoon apes sporting various expressions and accessories, with a back story about them living in a swamp.