Last week, the bank ended its Silvergate Exchange Network (SEN), a #CryptoPayments platform whose network enabled round-the-clock transfers between investors and #CryptoExchanges ( unlike traditional bank wires, which can often take days to settle).

So much for #Web3 🙄

#CryptoBank #Silvergate announces liquidation amid sector turmoil | #Cryptocurrencies #FTXCrash | The Guardian
https://www.theguardian.com/technology/2023/mar/09/crypto-bank-silvergate-liquidation-sector-turmoil-wind-down-ftx-exchange

If you have 'investments' in crypto you may want to re-read the TOS.

#bankruptcy #cryptoexchange #FTXCRASH

https://www.msn.com/en-us/news/us/bad-news-for-thousands-of-crytpo-investors-they-don-t-own-their-accounts/ar-AA161DA8

"The Securities Commission of the Bahamas said it had transferred all digital assets under the custody or control of FTX Digital Markets, a Bahamas subsidiary of the FTX operation, to its own digital wallets for “safekeeping”."

#FTX assets worth $3.5bn held by #Bahamas securities regulator | #FTXCrash #CryptoCurrency | The Guardian
https://www.theguardian.com/business/2022/dec/30/ftx-assets-held-bahamas-securities-regulator

#Replug | #FTXCRASH: Trading in "assets" with no underlying fundamental value on loosely regulated exchanges is always going to be a very risky endeavor. For many, it is likely to end in tears

https://www.boomlive.in/explainers/ftx-cryptocurrency-exchange-collapse-19979?utm_medium=Social__TW_Echobox&utm_source=Twitter#Echobox=1668856716-1

Un bel escroc, un criminel. Il a arrosé le parti démocrate pour pouvoir magouiller tranquillement.
Il a ruiner des petits épargnants.
De plus il discrédite la sphère crypto.
Son nom le prédestinait a la faillite 🤣😉
#PyramideDePonzi #FTXCRASH

https://journalducoin.com/exchanges/sam-bankman-fried-faillite-ftx-interview/

Unless you really have spare cash to burn, don't do crypto. There are much better ways to invest.

Crypto exchange #Kraken lays off 1,100 employees #FTXCrash #CryptoCurrency

https://www.cnbc.com/2022/11/30/crypto-exchange-kraken-lays-off-1100-employees.html

A lot of ordinary people were badly hurt by the #FTXCrash. If this doesn't trigger the regulation of the #CryptoMarket, I don't know what will.

South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report – Featured Bitcoin News
https://news.bitcoin.com/south-korea-singapore-japan-top-countries-most-impacted-by-ftx-collapse-report/