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Investors are pulling record levels of bitcoin from crypto exchanges as the collapse of Sam Bankman-Fried’s FTX stirs fears over the safety of their assets. FTX, once FTX customers began withdrawing their funds as fast as they could, which led to the crypto equivalent of a bank run. In an attempt to stem the bleeding, FTX blocked its customers from Here are some of the affected companies that Cointelegraph tracked up to Nov. 17, 2025. Institutional trading firm Genesis announced on Nov. 11 that it had $175 million 1 de sept. de 2025 In this paper, we study dynamic lower tail dependence and downside risk spillover between the FTX Token (FTT) and seven major cryptocurrencies including Bitcoin With the uncertainty cloud hovering over the future of the FTX Derivatives Exchange and the companies that may have exposure to it, investors have chosen not to FTX appears to have paused processing clients' requests for withdrawals. According to data from Etherscan, an analytics platform for the Ethereum ETH 0.0% Blockchain security company and analysis platform PeckShield revealed that in the past 24 hours, approximately $40.4 million in USDCs have been transferred from FTX to JumpTrading. In

Firms Withdrawing Ethereum Alts from FTX: Should Investors Panic?

The cryptocurrency market is reeling from the fallout of the FTX collapse. Investors are pulling record levels of bitcoin from crypto exchanges as the collapse of Sam Bankman-Fried’s FTX stirs fears over the safety of their assets. This sentiment extends beyond Bitcoin, with significant withdrawals of Ethereum alternatives (alts) also observed from FTX in the days leading up to and following the exchange's liquidity crisis.

So, should investors panic? The answer is nuanced, but understanding the situation is crucial for making informed decisions. The initial trigger for the crisis was a perceived lack of transparency and solvency at FTX. FTX appears to have paused processing clients' requests for withdrawals. This freeze on withdrawals sparked a chain reaction.

FTX, once FTX customers began withdrawing their funds as fast as they could, which led to the crypto equivalent of a bank run. In an attempt to stem the bleeding, FTX blocked its customers from withdrawing, further fueling panic and accelerating the market downturn.

Companies Affected by the FTX Crisis

The impact of the FTX collapse extends far beyond individual investors. Several firms have significant exposure, leading to further instability within the crypto ecosystem. Here are some of the affected companies that Cointelegraph tracked up to Nov. 17, 2025. Institutional trading firm Genesis announced on Nov. 11 that it had $175 million 1 de sept. de 2025. While the exact date seems off, the point is clear: major players are feeling the pinch.

The interconnectedness of the crypto space means that a failure at one major point can have cascading effects. This is particularly true when dealing with centralized exchanges that hold significant reserves of various cryptocurrencies.

What's Happening with Ethereum Alts and USDC?

Data from Etherscan, an analytics platform for the Ethereum Blockchain, reveals movements of assets from FTX to other entities. According to Blockchain security company and analysis platform PeckShield revealed that in the past 24 hours, approximately $40.4 million in USDCs have been transferred from FTX to JumpTrading. This raises questions about the movement of assets and potentially the solvency of FTX.

Navigating Uncertainty and Risk Management

With the uncertainty cloud hovering over the future of the FTX Derivatives Exchange and the companies that may have exposure to it, investors have chosen not to take unnecessary risks. The key takeaway for investors is to manage risk effectively. Here are some recommendations:

  • Diversify Your Holdings: Don't put all your eggs in one basket. Spread your investments across different cryptocurrencies and asset classes.
  • Assess Your Risk Tolerance: Understand how much risk you're comfortable taking before investing.
  • Do Your Own Research (DYOR): Don't rely solely on advice from others. Research each cryptocurrency and project before investing.
  • Consider Cold Storage: For long-term holdings, consider storing your crypto in a cold wallet (offline) for greater security.
  • Stay Informed: Keep up-to-date on the latest news and developments in the crypto market.

Conclusion: A Cautious Approach is Advised

The FTX collapse has undoubtedly shaken the cryptocurrency market. While it's impossible to predict the future with certainty, a cautious and informed approach is crucial. Avoid panic selling, manage your risk, and stay informed about developments in the crypto space. In this paper, we study dynamic lower tail dependence and downside risk spillover between the FTX Token (FTT) and seven major cryptocurrencies including Bitcoin. This research highlights the interconnected nature of the market and the potential for significant spillover effects during times of crisis. While the situation is concerning, remember that the crypto market has faced challenges before and has shown resilience. Understanding the risks and managing your investments accordingly is the best way to navigate this uncertainty.

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