Money

Now FTX thinks it’s been hacked

Published

3 years ago

November 12, 2022

Ahron Young

FTX has filed for bankruptcy protection after abnormal transactions caused hundreds of millions of dollars worth of crypto assets to be withdrawn.

This is the latest blow for FTX, which has been marred by controversy in recent months.

Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear facts as other movements not clear. Will share more info as soon as we have it. @FTX_Official

— Ryne Miller (@_Ryne_Miller) November 12, 2022

On Saturday, the official Twitter account of FTX retweeted comments from Ryne Miller, the company’s general counsel in the US, in which he said it was “investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges”. Outflows were estimated to be at least $266mn over the past 24 hours

FTX has been embroiled in controversy in recent months, with some calling into question the exchange’s business practices. In May, FTX was accused of market manipulation after it was revealed that the exchange had been offering “margin trading” to its users.

Margin trading allows users to trade with borrowed funds, and it can be used to artificially inflate prices.

Then, in June, FTX was again accused of market manipulation after it was revealed that the exchange had been offering ” futures contracts” to its users. Futures contracts are agreements to buy or sell an asset at a future date, and they can be used to speculate on the price of an asset.

Now, the potential hack is the latest blow for FTX. The exchange has lost hundreds of millions of dollars worth of assets, and it is currently under investigation by the US Securities and Exchange Commission (SEC). It remains to be seen how this will all impact the future of FTX.

Money

Why most Australians aren’t ready for retirement

Australians’ retirement readiness declines as super fund trust wanes; expert shares insights and solutions for financial confidence.

Published

7 hours ago

October 4, 2025

Ahron Young

Australians’ retirement readiness declines as super fund trust wanes; expert shares insights and solutions for financial confidence.

Fewer than one in three Australians feel financially prepared for retirement, with trust in super funds falling and planning gaps widening. In this episode, Dale Gilham from Wealth Within explains why the nation is struggling with financial confidence.

We cover the most common mistakes retirees say they’ve made, how super fund distrust is reshaping decisions, and what role financial planning plays in boosting readiness.

Gilham also outlines the tools and resources Australians are seeking most as they look to secure their financial future. Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Retirement #Superannuation #Finance #Australia #WealthPlanning #MoneyMatters #FinancialFreedom #TickerNews

Money

The fine line between smart investing and risky gambling

Dr. Enticott explains the psychology of risk in investing and offers strategies for safe wealth building. #Investing #Finance #MoneyTips

Published

7 hours ago

October 4, 2025

Ahron Young

Dr. Enticott explains the psychology of risk in investing and offers strategies for safe wealth building. #Investing #Finance #MoneyTips

The difference between a high-risk gamble and a calculated move often comes down to understanding the odds — and respecting them. In this interview, Dr. Steve Enticott from CIA Tax breaks down the psychology behind risky bets.

We discuss how hype-driven investments like meme coins can lure in latecomers, why gambling is statistically designed against the player, and how leverage without a safety net can quickly spiral into financial disaster.

Dr. Enticott also shares practical advice for long-term strategies that focus on building wealth safely, rather than chasing get-rich-quick schemes. Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Hashtags:
#Investing #Gambling #WealthBuilding #Crypto #Finance #MoneyTips #RiskManagement #TickerNews

Money

Bitcoin rises as a safe asset during shutdown

Bitcoin reaches near all-time high as investors seek safe havens amid US government shutdown

Published

8 hours ago

October 4, 2025

Ahron Young

Bitcoin reaches near all-time high as investors seek safe havens amid US government shutdown

In Short:
– Bitcoin nears all-time high amid U.S. government shutdown, trading at $123,685.87 on October 3rd.
– In South Korea, Bitcoin surpassed 170 million KRW, reaching 170.96 million KRW on October 3rd.

Bitcoin has reached near its all-time high during the U.S. government shutdown, establishing itself as a safe asset.

On October 3rd, at the U.S. cryptocurrency exchange Coinbase, Bitcoin traded at $123,685.87, closely approaching the record high of $124,290 set in August. This marks a 1.89% increase in just 24 hours and the first time in two months that Bitcoin has surpassed $123,000.In South Korea, Bitcoin’s value also surged, surpassing 170 million KRW for the first time on the night of October 2nd.

The price climbed to 170.96 million KRW at Bithumb on October 3rd, breaking the previous record of 169.90 million KRW from August 14th.

The surge in Bitcoin’s price is driven by increased interest in safe-haven assets amid the government shutdown. Since October 1st, 750,000 federal employees have been placed on unpaid leave, leading investors to consider alternative assets.

Jeff Kendrick of Standard Chartered remarked that the current market situation differs from the 2018-2019 shutdown, as Bitcoin now closely correlates with U.S. government risk.

Bitcoin’s Future

Forecasts suggest Bitcoin’s upward momentum will persist. Standard Chartered predicts Bitcoin could break its all-time high and reach $135,000. JP Morgan analysts foresee a potential rise to $165,000 by year-end.

Historically, October has been a bullish month for Bitcoin, coining the term ‘Uptober’ due to average returns of 20.63% over the last decade. Ethereum is also on the rise, trading around $4,500, contributing to a larger $4.12 trillion cryptocurrency market.