User funds deposited into FTX can’t be insured
FTX's service agreement notes that funds deposited into user accounts aren't eligible for any public or private deposit insurance protection.

The latest Bitcoin news today — live BTC price updates, mining developments, halving cycles, ETF flows, and institutional adoption headlines. CryptoSlate’s editorial team covers Bitcoin around the clock, from on-chain data and technical analysis to regulation and macro context, with breaking stories added throughout the day.
Over $250M in Bitcoin liquidations aid crypto capitulation as Bitcoin drops
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
The Ontario Teachers' Pension Plan invested in FTX in January this year as part of a $400 million funding round. The potential losses the fund could face are still unknown.
The earnings call for Marathon Digital revealed a strong foundation for the coming as it looks to increase efficiency and its renewable energy mix.
FTX's insolvency is questioned as it stops transactions for two hours, the Bitcoin risk signal turns red, and more in this edition of CryptoSlate Wrapped Daily.
Coinbase and Kraken have been experiencing connectivity issues as FTT's slump dragged Bitcoin below its June lows of $18,000.