Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.
In light of recent events, Coinbase tweeted to clarify its strong capital position.
Zeynep Geylan 2 min read 
Kyle Davies calls out Sam Bankman-Fried for hiding the scale of FTX's problems and for hunting 3AC's trading positions.
The exchange has maintained on its status page that wire transfers are affected, but funds are secure.
Nexo knocked insolvency rumors on the head, saying Armanino's real-time audit attestation will soon be fixed.
Gemini said it is working with Genesis to help customers redeem their funds from the Earn program "as quickly as possible" but did not specify when withdrawals might resume.
In light of the FTX collapse, Genesis is facing abnormal withdrawals requests beyond the limits of their current liquidity.
The hacker exchanged around 3.9 million BSC-USD for 5,564.83 Ethereum via the Celer Network and cBridge and Stargate Finance.
Sam Bankman-Fried maintains that FTX US had enough money to repay all customers as of Nov. 7.
Funds have begun to move again within the 3AC wallet which has led to speculation that the collapsed fund may be attempting a resurrection.
