According to reports, Ripple CEO Brad Garlinghouse is looking into buying assets from defunct cryptocurrency exchange FTX. The conversation, according to Ripple’s CEO, focused on whether or not there were any firms held by FTX that Ripple “would want to own.” Garlinghouse told The Sunday Times on the sidelines of
On Sunday, FTX reached out to other cryptocurrency exchanges for assistance, explaining that stolen monies were being moved from the compromised exchange to third parties wallets. The insolvent firm, now run by John J. Ray III, CEO of FTX, requested that its competitors “take all measures” to recover the money
Celsius, the bankrupt crypto lender has received approval for the bar date on Jan 3, 2023. The bar date is the deadline for the Celsius customer to file the claim for the entities the held until July 13. That is before the date, the network went into bankruptcy. This week,
The Ethereum address 0x59a has attracted a lot of attention since it is believed to be connected to the person or group responsible for transferring millions of dollars worth of tokens out of FTX in the hours after the company’s bankruptcy filing. The blockchain monitoring business Elliptic published about the
BBC reported recently that the deportation of Faruk Fatih Ozer was agreed upon between Albanian and Turkish officials and that he has 15 days to challenge the decision. Last year, the 27-year-old and his struggling cryptocurrency trading platform, Thodex, gained headlines when he suspended trading and took the website down.
Following the demise of crypto behemoth FTX, CZ has prompted a flurry of reserve audits at cryptocurrency exchanges. Proof-Of-Reserves was first proposed by Binance’s CEO. Grayscale, a digital asset investing business, has refused to provide its on-chain proof of reserves, citing security concerns. On Friday afternoon, Grayscale sent an announcement
According to the WSJ, FTX’s ex-CEO Sam Bankman-Fried personally pocketed $300 million from the company’s 2021 investment round. A sum of $420 million was raised in this round, giving the platform a healthy financial footing. The report specifies that the money was raised in October 2021 from a large number
Canada’s third-largest pension fund, the Ontario Teachers’ Pension Plan (OTPP), released a statement on its investment in the defunct FTX cryptocurrency exchange on Thursday. Investments are made on behalf of 333,000 active and retired educators via the OTPP, whose website reveals it has over C$243 billion ($182 billion) in net
As of today, Bank of America said it will be shifting its rating on Coinbase shares from buy to neutral. Since its all-time high of $357.39 on November 9, 2021, the price of COIN has fallen 86%, trading at $45.36 right now, a decrease of 7% over the last 24
Sam Bankman-Fried, the former CEO of the bankrupt cryptocurrency exchange FTX is shedding the firm’s support as he impeding bankruptcy efforts through “incessant and disruptive tweeting.” Paul Weiss, the legal attorney for FTX, announced on Friday that it had stopped defending Bankman-Fried, who is facing high regulatory difficulties related to
