Many of us will get to lower our tax bill this year due to taking losses in crypto in 2022. Just keep in mind you can’t technically take your FTX, Blockfolio, etc., losses until bankruptcy proceedings are finalized.

Coinbase, the largest cryptocurrency exchange, has cut 950 employees (20% of its workforce). This was announced on January 10th, 2023, as part of a 25% reduction in operating expenses.

FTX halted withdrawals. Then on Friday, Nov 11th FTX was hacked. Currently, neither FTX nor FTX.US are safe to use. Withdrawals aren’t active on either platform and neither app is safe to use at the moment.

FTX.US is not directly impacted by the FTX shutdown. I can personally confirm this as I have been able to place trades and make withdrawals as of today.

FTX Global has halted withdrawals leaving many stuck. While it is currently unknown if withdrawals will begin again or if there will be some sort of bailout, past situations hint that while relief should be coming, it won’t be coming any time soon. UPDATE: FTX.US is not currently safe to use. See FTX hack. This… Read More