Auto Added by WPeMatico

Wintermute to Sue Near Foundation Over Failure to Honor $11M Stablecoin Redemption Deal With FTX

Evgeny Gaevoy, the founder and CEO of the crypto market-making firm Wintermute, has revealed plans to sue the Near Foundation, the non-profit organization behind the Near protocol, over its failure…

Continue ReadingWintermute to Sue Near Foundation Over Failure to Honor $11M Stablecoin Redemption Deal With FTX

Did You Know? Sam Bankman-Fried Lost Millions Worth of Ripple (XRP)

TL;DR Sam Bankman-Fried supposedly lost $4 million in XRP from Alameda Research, underestimating the issue despite internal concerns. The mishandling of the missing XRP eroded trust within Alameda Research’s executive…

Continue ReadingDid You Know? Sam Bankman-Fried Lost Millions Worth of Ripple (XRP)

FTX Addresses Send $21M Worth of SOL to Exchanges: Solana Price Rally in Danger?

The crypto wallets associated with the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, persist in diversifying their investments across various altcoins on numerous crypto exchanges. According…

Continue ReadingFTX Addresses Send $21M Worth of SOL to Exchanges: Solana Price Rally in Danger?

FTX and Alameda Research Transfers $13.6M to Binance: These Cryptos Are Concerned

According to Spot On Chain, addresses related to FTX and Alameda transferred $13.6 million to Binance and Coinbase on November 1. This development comes as Sam Bankman-Fried’s case continues on…

Continue ReadingFTX and Alameda Research Transfers $13.6M to Binance: These Cryptos Are Concerned