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Retail investors say that the latest move related to Solana-based USDC and USDT may be connected to the FTX debacle, which has hit major industry players like BlockFi and Genesis.
>> republicans won a majority in the house. what is next? new policies? new investigations? both? steve scalise joins us. more questions than answers in the slaying of four idaho college students. new details in the university of virginia killings. the alleged shooter had prior weapons violations. we did he have a gun in his possession? all of this and shannon bream, karl rove, harris faulkner and the latest on the ftx collapse. i'm john roberts. sandra and i will see you at the top for "america reports." >> elon musk is triggering liberals after he told staffers
Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more than 1 million creditors.
"In view of FTX's financial position, we have decided to write down our full investment in FTX, irrespective of the outcome of FTX's bankruptcy protection filing," Temasek said in a detailed statement on Thursday.
Genesis Trading temporarily stopped its withdrawals due to abnormal withdrawal requests. Genesis, one of the major cryptocurrency brokerages, has halted their withdrawals.