Ray told the court that when he took over, the exchange's coffers were nearly empty - just 105 Bitcoins were left on the platform, out of the nearly 100,000 Bitcoins to which customers were entitled.
JinseFinanceFTX wins court approval for Anthropic stake sale, advancing customer reimbursement efforts.
Xu LinExplore the strategic disposal of GBTC shares by FTX Estate and its market implications in our comprehensive analysis. Uncover insights on the GBTC to ETF transition, legal dynamics, and the significant market reactions shaping the future of cryptocurrency investments.
WeiliangIn a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.
Cheng YuanCreta joins forces with Thomas Vu, producer of “League of Legends”, backing his game incubation projects and upcoming media ventures. Both entities synergise their Web3 incubation programs, aiming for originality and quality, eyeing the Middle East and India's emerging markets.
JoyReport Provides High-Level Overview of Control Failures by Previous Management Team Across Critical Functions
Others
Coinlive This article summarizes the FTX drama that broke out in the crypto market.
CointelegraphBoth the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January.
CointelegraphSenator Kevin Thomas is trying to provide prosecutors with a clear legal framework for cryptocurrency crimes while at the same time cracking down on fraud.
Cointelegraph