FTX

Genesis, a crypto lender, has filed for Chapter 11 bankruptcy.

Genesis, a crypto lender, has filed for Chapter 11 bankruptcy.

Following the collapse of FTX, cryptocurrency lender Genesis Global has become the latest company to file for Chapter 11 bankruptcy protection in New York. Genesis, a cryptocurrency lender, has declared Chapter 11 bankruptcy in the Southern District of New York....

Reasons Why FTX Went Bankrupt

Reasons Why FTX Went Bankrupt

This year has seen more than its share of market meltdowns due to surprising news about poorly managed crypto businesses. FTX, the world's fourth-largest crypto exchange, is the newest seismic disturbance, considered an industry mainstay until early November. Let's...

Alameda Research withdrew $204 million before declaring bankruptcy

Alameda Research withdrew $204 million before declaring bankruptcy

According to Arkham Intelligence's study, more than half of the assets moved after November 6 were in USD-pegged stablecoins. According to an investigation released on Nov. 25 by blockchain firm Arkham Intelligence, Alameda Research took more than $200 million from...

Binance proof-of-reserves is useless without liabilities

Binance proof-of-reserves is useless without liabilities

A full proof-of-reserve audit, according to Powell, must comprise the total of client liabilities, user-verifiable cryptographic confirmation that each account was included in the amount, and signatures demonstrating the custodian's authority over the wallets. The...

The scientific community is feeling the aftershocks of FTX’s demise.

The scientific community is feeling the aftershocks of FTX’s demise.

Because Sam Bankman-Fried is involved in so many charitable endeavors, the impact of FTX might result in a variety of gifts and investments being clawed back or not fulfilled. The collapse of the crypto exchange FTX appears to have already had an impact on hundreds of...

The demise of FTX was a defining moment in citizen journalism

The demise of FTX was a defining moment in citizen journalism

During the demise of FTX, Coinbase CEO Brian Armstrong praised the work of crypto experts and citizen journalists. Coinbase CEO and co-founder Brian Armstrong praised citizen journalists and blockchain analysts for their work on the FTX crisis and its former CEO Sam...

Binance Agrees to Purchase FTX; FTT Price Increases

Binance Agrees to Purchase FTX; FTT Price Increases

Binance, a cryptocurrency exchange, has signed a non-binding letter of intent (LOI) to fully purchase the FTX exchange. According to Binance CEO Changpeng Zhao, this will assist to alleviate FTX's "liquidity bottleneck." According to FTX CEO Sam Bankman-Fried, things...

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