Bitfinex publishes details of reserves after rival FTX files for bankruptcy protection
Bitfinex published details of its reserves on Friday, joining a stream of centralized crypto exchanges increasing their transparency following FTX's high-profile implosion. The exchange's holdings include 204,338 BTC ($3.4 billion) and 1.2 million ETH ($1.5 billion), according to a Twitter post from Bitfinex CTO Paolo Ardoino.
The crypto industry was thrown into turmoil this week as FTX's finances unravelled over the course of a few hectic days, fueled by concern over the exchange's ties with sister trading firm Alameda Research. Binance, the world's biggest crypto exchange, offered to buy its struggling rival's assets on Tuesday, before walking away a day later after examining FTX's finances. The crypto market stress briefly caused tether, the stablecoin operated by another Ardoino company.
Source
https://t.me/CryptoMarketUpdates
