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A fresh bankruptcy filing from FTX chief restructuring officer John Ray III highlights that Sam Bankman-Fried received $4 billion in loans from FTX-related silo companies. Go to Source Powered by WPeMatico
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins. Go to Source Powered by WPeMatico
The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect. Go to Source Powered by WPeMatico
Bitvo has managed to back off its acquisition agreement with FTX exchange thanks to long approval process of the deal from local regulators. Go to Source Powered by WPeMatico
Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off some employees allows the company to focus on building a more decentralized crypto future. Using FTX as Custodian … Read more
Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets. Go to Source Powered by WPeMatico
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives. FTX Australia Sees License Suspended After Accepting Voluntary Administration The Australian Securities … Read more
Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse. Go to Source Powered by WPeMatico
Investment firm Paradigm is still optimistic about crypto’s potential following the collapse of FTX. “The blowup of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ones that decentralized finance [defi] can solve through increased transparency and security,” the firm’s co-founder emphasized. Paradigm on FTX Collapse, Defi Paradigm co-founder … Read more
The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval. Go to Source Powered by WPeMatico
