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Pete Syme
07 Feb 2023, 18:55

FTX's new boss says security was so weak that founders could 'download half a billion dollars' of crypto without detection, report says

FTX's new boss says security was so weak that founders could 'download half a billion dollars' of crypto without detection, report says

FTX's new boss says security was so weak that founders could 'download half a billion dollars' of crypto without detection, report says

FTX's new CEO described the "massive scramble for information" as liquidators looked to secure customers' passwords and crypto wallets.

Binance will suspend US dollar transfers from Wednesday, and that's reportedly causing millions to flow to rival exchanges
Ryan Hogg
07 Feb 2023, 16:49

Binance will suspend US dollar transfers from Wednesday, and that's reportedly causing millions to flow to rival exchanges

The US arm of the exchange said it wasn't affected by the suspension, but millions of dollar-pegged stablecoins still flowed from the exchange, per CNBC.

The S&P 500 could nosedive 30% this year as a painful recession takes hold, top economist David Rosenberg says
Theron Mohamed
07 Feb 2023, 16:49

The S&P 500 could nosedive 30% this year as a painful recession takes hold, top economist David Rosenberg says

The Rosenberg Research chief warned rising interest rates could hammer stocks and the economy, and also dismissed crypto as a compelling investment.