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....
Alameda Research's trades were purportedly focused on depeg Tether's stablecoin. According to sources on December 9, Tether executives and Binance CEO Changpeng "CZ" Zhao were concerned that Sam Bankman-Fried SBF, former FTX CEO, was seeking to disrupt the crypto...
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...
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...
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...
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...
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...
According to Whale Alerts, after more than seven years, a pre-mine Ethereum address containing 500 EHT ($631,500) has now been enabled. It's unknown why, after all these years, the aforementioned address was active. Some commenters joked about Ethereum co-founder...
The demise of FTX has rung alarm bells across Washington, D.C. United States congressman Brad Sherman, a known cryptocurrency skeptic, has blamed "billionaire crypto bros" for delaying much-needed cryptocurrency regulation. In a statement issued on November 13 in...
Binance CEO Changpeng Zhao stated that the initiative is not for FTX, but for other potentially great ideas, adding that "liars or fraud" will never qualify. As the FTX problem continues to have a detrimental impact on the markets, crypto exchange Binance is...
Sam Bankman-Fried and two former FTX partners are said to be "under monitoring" by Bahamian authorities. Former FTX CEO Sam Bankman-Fried, co-founder Gary Wang, and director of engineering Nishad Singh are said to be in the Bahamas and "under the supervision" of local...
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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