Bahamas Regulator Holds $3.5B in FTX User Assets
The Bahamian Securities Commission has been holding user money totaling $3.5 billion, as stated in a recent news release. Read CNL for more.
The Bahamian Securities Commission has been holding user money totaling $3.5 billion, as stated in a recent news release. Read CNL for more.
According to the Securities and Exchange Commission (SEC), $200 million of FTX’s billions in customer deposits were invested in two businesses. Read CNL.
Japan is moving on with plans to liberalize the crypto, despite the fall of SBF’s FTX, by making it simpler for cryptocurrency exchanges to list tokens.
According to the findings of a recent study, self-custody wallets now make up 78% of the total Bitcoin quantity that is currently in circulation. Read CNL.
Since the collapse of FTX, users of centralized exchanges withdrew more than nineteen billion dollars worth of bitcoin, ether, and stablecoins.
A blog post the company`s CEO reveal the plans by Midas Investments, an investment firm that focused on DeFi yield, to shut down its platform. Read CNL.
Andres remains a partner at Davis Polk & Wardwell, the law firm that advised FTX in 2021 after Judge Abrams’ withdrawal from the lawsuit.
The ex-CEO of Alameda Research may be released on $250,000 bail, but she must pledge never to leave the country.
Reuters reported on Thursday that Sam Bankman-Fried, the former FTX CEO was granted release on a $250 million bond bundle at a U.S. court appearance.
The former FTX CEO waived his extradition rights in front of the U.S. Embassy, FBI, and U.S. Marshals Service officials.
The governor of India’s reserve bank, Shaktikanta Das, has made a public speech claiming that private crypto would trigger the next financial crisis.
A recent post on Reddit claims that the recent failure of FTX does not suggest that there is a problem with cryptocurrencies in general. Read CNL for more.