Recently, it has been hard to get any news apart from the fraud in the crypto industry, especially FTX. So in today's Crypto Bulletin, we will see some of the latest news revolving around the FTX saga.
1. API KEY Leaks
Adding one more catastrophe to the crypto crash, now the industry is experiencing API KEY leaks. According to the recent tweet by the Binance CEO CZ, some of the users reported unauthorized trades carried out by third-party platforms like 3commas and Skyrex. These third-party platforms take API Keys of users' accounts supported by various crypto exchanges including Binance and FTX.
If you have integrated your API Keys with any of the third-party platforms then you should terminate those API keys. Be extra cautious with everything!
2. Binance Removes FTT Trading Pairs
As a result of the FTX saga, Binance has announced the removal of the FTT trading pairs, which is a native token of the FTX. According to the announcement made by Binance, the following pairs are removed - FTT/BNB, FTT/BTC, FTT/ETH, FTT/USDT
Although Binance has removed the trading pairs of FTT the pair FTT/BUSD is still supported and open for trading. How do you think of removing all other pairs but retaining one against BUSD? Share your views in the comments.
Official Announcement - Notice of Removal of Trading Pairs - 2022-11-15 | Binance Support
3. Visa Terminated Debit Card Agreement with FTX
Visa, one of the largest names in the traditional payment processing companies has terminated an agreement with FTX. Previously, Visa and FTX have partnered to introduce global debit cards which would be supported in 40 countries and linked with their FTX accounts. This would have been a game-changing partnership but because of the drama going on with FTX, a Visa spokesperson made this statement in an interview with Reuters.
Hope you found this article informative. If you do then please follow me @CryptoManthan and share your views in the comment section.
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