LayerZero Labs bought back its stake from FTX Ventures and Alameda
The protocol announced an agreement that bought out 100% of FTX Ventures and Alameda Research's equity position.
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The protocol announced an agreement that bought out 100% of FTX Ventures and Alameda Research's equity position.
According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events.
Days after CZ took to Twitter to announce a new proof-of-reserve system for Binance users, the site went live with public details of its wallet addresses and on-chain activity.
Some Ledger users weren’t able to process withdrawals using Ledger Live on Wednesday, according to social media reports.
"We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," the Crypto.com CEO said.
"With a global MiCA, the FTX crash would not have happened," said European Parliament economics committee member Stefan Berger.
Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX.
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.
Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on.
Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”