Crypto exchange Kraken freezes accounts related to FTX and Alameda
Kraken said it froze account access to certain funds “we suspect to be associated with ‘fraud, negligence or misconduct’ related to FTX.” Go to Source Powered by WPeMatico
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From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building up brand recognition among sports fans before it went bankrupt. FTX Sign Being Dismantled as Miami Heat Seeks New Naming Rights Partner for Its Arena … Read more
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and 130 Associated Firms Voluntarily Commence Bankruptcy Proceedings After days of confusion and speculation, the … Read more
SBF tells investors FTX needs $8B in emergency funding: WSJ
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call. Go to Source Powered by WPeMatico
Binance CEO not interested in Alameda’s offer to buy up its FTT holdings
CZ signaled that he isn’t interested in an offer from Alameda to buy out Binance’s FTX Tokens saying they’d rather “stay in the free market.” Go to Source Powered by WPeMatico
Binance to liquidate its entire FTX Token holdings after ‘recent revelations’
Binance CEO Changpeng Zhao cited “recent revelations” as the reason for the liquidation, noting the sale of its tokens could take months to complete due to the size of its position. Go to Source Powered by WPeMatico
Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, Report
Cryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders, despite a recent reminder by the Monetary Authority of Singapore (MAS) about the obligations of crypto providers in that respect. According to a crypto media report, the platform shared its position in correspondence with partners. Bybit Reportedly Vows to ‘Not Discriminate Against Crypto … Read more
Huobi Global denies ‘large-scale layoffs’ and key exec resignations
A spokesperson from Huobi Global says rumours of layoffs are “untrue” and the “senior management team is performing their duties as per normal.” Go to Source Powered by WPeMatico
French Lawyer Asks Russian Patriarch to Help Save Alexander Vinnik From ‘Political Trial’ in US
A member of the defense team of the alleged BTC-e operator Alexander Vinnik has called on the head of the Russian Orthodox Church to intervene in support of his client. The Russian national may be sentenced to over 50 years in prison for his role in the infamous cryptocurrency exchange. Prisoner Swap for Americans in … Read more
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work in the country. Kazakhstan to Employ Binance Blockchain Infrastructure … Read more
