Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.

Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.

Binance CEO Changpeng Zhao clarified that the project is for other potentially strong projects and not FTX, saying that “liars or fraud” would never qualify.

The collapse of FTX has raised alarm bells across Washington, D.C.

In a previous post on Twitter, the AAX exchange said it has no financial exposure to FTX and its affiliates.

Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels.

Binance CEO Changpeng Zhao said self-custody is a “fundamental human right,” while Michael Saylor said self-custody is necessary to prevent powerful actors from accumulating and abusing power.

Kraken said it froze account access to certain funds “we suspect to be associated with ‘fraud, negligence or misconduct’ related to FTX.”

A Curve spokesperson has confirmed they have been in negotiations to acquire BlockFi’s credit card program’s customers since Nov. 12.

Voyager reopened its bidding process after FTX US, the original winner, filed for bankruptcy on Nov. 11.