Justin Sun May Purchase Assets From FTX
Cryptocurrency entrepreneur and billionaire Justin Sun is reportedly evaluating FTX’s assets for potential purchase. As reported by the Wall Street Journal, Sun said on Tuesday that he is open to…
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Gemini Is Working With Genesis to Find Solution for Earn Users
Crypto exchange Gemini revealed working closely with Genesis Trading and its parent company Digital Currency Group, Inc, to find a solution for Earn users to redeem their funds. In a…
FTX Group’s Total Cash Balance Tallies at $1.24B: Bankruptcy Filing Shows
Bankrupt crypto exchange FTX and its affiliates had a total cash balance of $1.24 billion as of November 20, as per its bankruptcy filing. Sam Bankman-Fried’s crypto empire collapsed into…
US Authorities Set First FTX Court Hearing Date
Now that the dust has begun to settle following the unexpected collapse of FTX, government officials have started to plan hearings on the subject. Given the size of the now-bankrupt…
FTX Japan to Enable Customer Withdrawals Before the End of 2022 (Report)
Despite the ultimate crash of FTX, the Japanese subsidiary of the company reportedly plans to allow client withdrawals by the year’s end. The fiasco of Sam Bankman-Fried’s exchange became one…
FTX Owes Over $3 Billion to 50 Largest Creditors: Court Filing
Collapsed crypto exchange FTX owes nearly $3.1 billion to its top 50 creditors, as per filing from its Chapter 11 bankruptcy protection proceedings. It was earlier reported that the company…
FTX Drainer Continues to Swap ETH for BTC, Here’s How Much’s Left in the Address
The entity that drained FTX’s wallets after the fallen exchange filed for bankruptcy continues to move around the funds. Although the Bahamas’ securities regulator claimed it siphoned the funds, the…
South Korea and Singapore Hit Hardest by FTX Collapse: Report
On Nov. 20, crypto market data portal CoinGecko released a report on the countries most impacted by the FTX collapse. Unsurprisingly, most are in Asia since U.S. investors were using…
DeFi, NFT Remains Resilient Despite FTX Implosion: DappRadar
The fallout from FTX’s collapse has been devastating, and the market is poised for more losses. But according to a recent report by DappRadar, Web3 remains resilient. Centralized services are…
Ethereum Dips Below $1200 as FTX Drainer Swaps 5K ETH For Bitcoin
Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours. This happens as the FTX account drainer is swapping ETH for…
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