FTX Fallout: Bitcoin Miners’ Balance Slides; Paxos Ordered to Freeze $19M in Crypto

Nov 14, 2022

Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic. U.S. federal authorities have ordered cryptocurrency issuer Paxos to freeze $19 million worth of crypto tied to the bankrupt FTX exchange. Hong Kong-based digital asset platform Hbit Limited is unable to withdraw $18.1 million worth of cryptocurrencies deposited in the now-bankrupt FTX.

Up Next

05:37

Consensus 2024: All Eyes on Regulation

May 31, 2024

10:29

Consensus Heads to Toronto in 2025

Jun 11, 2024

10:49

Citi's Exploration Into Crypto and the Metaverse

Jun 6, 2024

06:17

Crypto Needs 'More Enforcement': Former White House Official Carole House

Jun 5, 2024

09:47

Visa Is the 'Bridge' Between Payment and Blockchain Technologies: Head of Crypto

May 30, 2024

View all

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.