Miami Heat Terminates FTX Deal, Seeking New Naming Partner
Miami Heat’s home court arena, called “FTX Arena,” will get a new name after hearing “extremely disappointing” news regarding FTX.
Miami Heat’s home court arena, called “FTX Arena,” will get a new name after hearing “extremely disappointing” news regarding FTX.
A list of organizations having exposure to FTX and Alameda Research started to become viral on Twitter. Their liabilities range from $10bn to $50bn.
With Sam Bankman-Fried stepping down as CEO, FTX, the second-largest cryptocurrency exchange in the world, has filed for bankruptcy protection in the US.
The SEC claims they are looking into possible securities breaches involving FTX, FTX US, and founder and CEO Sam Bankman-Fried.
Binance has published information on their hot and cold wallet addresses as part of the ongoing commitment to openness and encouraging trust in the ecosystem.
Reports: At least $4 billion in FTX money were allocated by SBF to support Alameda. These FTX funds included certain consumer deposits. Read CNL for more.
Justin Sun, the founder of Tron, has attracted investors’ attention by acting after the acquisition between Binance and FTX fell through. Read CNL.
Sequoia Capital, a venture capital company, revealed in a letter on November 10 that it has reduced the value of their $213.5 million investments in FTX to $0.
Justin Sun’s Huobi and TRON allow holders of TRON-based tokens on the FTX platform to swap them at a 1:1 ratio. Read CNL.
According to current data, FTX’s own centrally managed and created out-of-thin-air token really makes up the bulk of the net equity in the Alameda firm.
Sam Bankman-Fried’s net worth is now at $991 million as Binance is set to acquire FTX. Read CNL for more details.
BitDAO to use the community’s voting rights if Alameda fails to prove that they still hold promised BIT tokens. Read CNL.