FTX goes up in flames and impacts the broader crypto industry, causing regulators to respond: Hodler’s Digest, Nov. 6-12

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White House says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX. That and more on this week’s news in our Hodler’s Digest.

On Nov. 10, FTX saw its assets frozen and its registration suspended by the Securities Commission of The Bahamas, based on suspicions of mishandled client funds. A provisional liquidator was elected by the Bahamian Supreme Court, meaning FTX must now obtain permission to touch any of its assets.

FTX is primarily based in the Bahamas, falling under its jurisdiction. The situation regardinghas been touch and go, with some withdrawals seemingly approved and funds leaving the exchange. Additionally, FTX negotiated a deal with Tron to allow holders of TRX, BTT, JST, SUN, and HT to swap assets from FTX to external wallets without penalty.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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_Albert_Selena Good

In the current world,those with lots of money can pay the media,to put up n bombard news feeds n narratives according to their needs n desire..to fulfill certain agenda.. The problem for masses,can they differentiate real true news compare to paid n made up stories(hidden agenda)

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