Summary: Ontario Teachers’ will write off a $95 million investment in troubled crypto exchange FTX. The pension fund announced the decision as Sam Bankman-Fried’s companies filed for bankruptcy in Delaware…
Jump Crypto has clarified that it is well-capitalized and will not be shutting down. The crypto trading firm had revealed considerable exposure to FTX. Recent transactions suggested that the firm…
Summary: Bankruptcy documents filed unveiled loose corporate controls at Sam Bankman-Fried’s crypto exchange FTX. The filing also labeled SBF’s tweets as “disruptive” to proceedings. New CEO John Ray dubbed the…
Summary: Binance CEO Changpeng Zhao told CNBC that due diligence during the FTX deal didn’t last long. Zhao said “misappropriation of user funds” at Sam Bankman-Fried’s crypto exchange was clear…
Summary: Another crypto firm announced changes to operations due to FTX’s contagion. The lending department of Genesis Global Trading “temporarily suspended” customer withdrawals and new loan originations on Wednesday, CoinDesk…
Crypto lender BlockFi is reportedly preparing for a potential bankruptcy. BlockFi is planning to lay off some of its employees. The lender had suspended withdrawals last week due to FTX’s…
USDC issuer Circle has announced that crypto payments using the stablecoin are now enabled on Apple Pay. Select businesses will be able to accept USDC in a safer and faster…
FTX hacker reportedly swapped around $50M of $Dai to $Ethereum in a state of “panic” according to intelligence firm Arkham. It is rumored that this hack is an inside job,…
Summary: People close to the matter said that Bankman-Fried and some FTX employees spent the weekend calling investors. SBF hopes to raise capital to make customers whole after allegedly using…
Summary: Ether and ERC20 deposits on centralized crypto exchanges surpassed withdrawals on centralized crypto exchanges as FTX contagion rattled digital asset markets. Tether-backed Bitfinex and leading exchange Binance topped the…
Alameda Research reportedly purchased tokens before their listing on sister firm FTX. A report by WSJ states that the controversial trades are spread across 18 listings and are worth $60…
Summary: Uniswap’s trading volumes for Ether skyrocketed to $1.21 billion, beating centralized exchange Binance. $31 billion worth of transactions happened at decentralized exchange venues over the past week. “Not your…
TLDR; Famous whistle-blower and privacy advocate Edward Snowden has taken interest on buying the BTC dip for the first time since March 2020. “There is still a lot of trouble…
Summary: Changpeng Zhao and Vitalik Buterin could develop an improved method for crypto exchanges to show proof of reserves. Binance will be the pilot for the solution, WuBlockchain said on…
Binance’s CEO CZ issues a warning directed at Crypto Exchanges Crypto.Com and Gate.IO, “Stay Away, Stay SAFU” he says. The warning comes after the recent SBF FTX and Alameda collapse,…
