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TOP CRYPTO NEWS TODAY | November 16
Sam Bankman-Fried wrote on Twitter that “too much leverage” and a huge number of withdrawals were to blame for the collapse of FTX. He also said that he will try to raise liquidity for the exchange.
DeFi marketplace Oxygen revealed that FTX was the main custodian of the company’s tokens.
Circle, the issuer of the USDC stablecoin, has announced that it has begun supporting Apple Pay.
Circle also said that the company’s investment in FTX is 10.6 million dollars.
Binance has received approval from Abu Dhabi regulators to operate as an institutional crypto custodian.
In May, the Luna Foundation Guard (LFG) spent 2.8 billion dollars in cryptocurrencies trying to keep TerraUSD (UST) pegged to the dollar. This is stated in the conclusion of the auditor JS Held.
US and Bahamas authorities are discussing the possibility of extraditing Sam Bankman-Freed to the US for questioning.
Institutional lending platform Genesis Global Capital has suspended withdrawals. In turn, this affected the Earn program on the Gemini exchange.
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