BlockFi declares bankruptcy, files Chapter 11
Summary: Crypto lender BlockFi declared bankruptcy on Monday after exposure to FTX. The company had some 100,000 creditors and around $256 million in cash when chapter 11 was filed. FTX…
FTX’s collapse throws Singapore officials under parliamentary review
Summary: Singapore’s parliament has questions for Prime Minister Lee Hsien Loong and Deputy Prime Minster Lawrence Wong after FTX blew up. Lawmakers also queried Temasek’s due diligence after the state-backed…
Amazon Taps The Russo Brothers For TV Series About The FTX Saga
Amazon is set to release an eight-part series based on the collapse of FTX. The streaming giant has teamed up with the Russo brothers and David Weil for the production…
Ethereum coders reached consensus on Shanghai update
Summary: Ethereum developers had their weekly call to discuss what features should roll out in the next hard fork. Marius Van Der Wijden said coders were already working toward staked…
Ethereum developer ConsenSys said Infura stores IP addresses from MetaMask users
Summary: The blockchain firm said Infura collects IP addresses from MetaMask users and temporarily stores the data. ConsenSys shared the news via an update to the company’s privacy policy. Decentralized…
U.S Lawmakers Want DOJ To Launch An Investigation Into FTX
Senator Elizabeth Warren and Senator Sheldon Whitehouse have written to the U.S. Attorney General urging him to launch an investigation into FTX’s downfall. The lawmakers want the investigation to be…
Ethereum engineers roll out staking withdrawal devnet
Summary: The devnet was built to trial withdrawal mechanisms for staked Ether post-merge. Multiple Ethereum clients like Lodestar and Teku will interact with the devnet, said ETH developer Marius Van…
Sam Bankman-Fried wrote FTX employees a letter to break down why the crypto exchange crashed
Summary: Bankman-Fried apologized again to FTX employees and threw more light on why the cryptocurrency exchange failed. The letter released on Tuesday suggested that SBF regrets filing for bankruptcy earlier…
FTX Lawyers Acknowledge Company Mismanagement At First Bankruptcy Hearing
The new CEO of FTX has assembled an investigation team to trace and secure company assets. Attorneys appearing for the exchange have admitted to poor management of the company. The…
Genesis faces bankruptcy without $500 million cash injection, Binance and Apollo shun crypto lender
Summary: Genesis sought to raise $500 million – $1 billion to ward off bankruptcy concerns. The crypto lender tried to secure capital from Binance and Apollo but both entities turned…
Justin Sun is open to buying FTX assets: WSJ
Summary: Tron founder Justin Sun said his team was in the Bahamas where FTX is based to evaluate a potential deal. Sun noted that the process might be long especially…
Ripple CEO Brad Garlinghouse To Consider Purchasing Parts Of Collapsed Crypto Exchange FTX
Ripple CEO Brad Garlinghouse shows interest in purchasing companies owned by FTX that currently serve business customers According to Sunday Times, FTX CEO SBF called Garlinghouse before FTX went bust…
Coinbase Custody confirmed Grayscale product breakdown, wallet addresses remain undisclosed as GBTC discount reached 50%
Summary: Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division. However, the crypto exchange did not release the associated wallet addresses for each product. The crypto community…
Bitcoin’s dip to $16,000 threw 50% of BTC wallets into losses
Summary: Some 50% of Bitcoin holders are at a loss amid sagged crypto prices. “out-of-money” Bitcoin addresses made up over half of all holders for the first time since March…
Genesis Block Reportedly Has Over $50 Million Stuck On FTX
Genesis Block’s exposure to bankrupt crypto exchange FTX is reportedly more than $50 million. The considerable exposure has led to the firm suspending OTC trading services. Withdrawals on the platform…