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FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong

Hong Kong-based cryptocurrency exchange says the market turmoil from the FTX fallout is the final cause of ceasing operations following a year of winding down services.

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Defi Chain Co-Founder: FTX’s Collapse Has Rekindled Interest in Defi and Associated Products

According to Julian Hosp, co-founder of the decentralized finance entity Defi Chain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest…

Continue ReadingDefi Chain Co-Founder: FTX’s Collapse Has Rekindled Interest in Defi and Associated Products

Singapore Government’s Temasek Writes Down $275M Investment in Collapsed Crypto Exchange FTX

Singapore government’s Temasek has written down the full value of its $275 million investment in the bankrupt crypto exchange FTX. “Our belief in the actions, judgment, and leadership of Sam…

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New CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices

The new CEO of FTX, appointed after the crypto exchange filed for bankruptcy, has blasted the company under former CEO Sam Bankman-Fried. “Never in my career have I seen such…

Continue ReadingNew CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices