Tag: FTX

Bahamas’ supreme court approves ‘provisional liquidators’ for FTX

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The Supreme Court of the Bahamas has approved two provisional liquidators to oversee the assets of crypto exchange FTX Digital Markets, which is headquartered in the country. According to a Nov. 14 announcement from the Bahamas’ Securities Commission, the country’s supreme court approved the appointments of PricewaterhouseCoopers advisory partner Kevin Cambridge and partner Peter Greaves to act as “joint provisional liquidators” for FTX. The securities regulator also applied to have Brian Simms, a senior partner of Bahamas-based commercial law firm Lennox Patton, as a provisional liquidator on Nov. 10. “Given the…

What’s in the Crypto Legislation Backed by FTX Founder

Crypto commodity platforms, for their part, would be required to maintain a relationship with the CFTC similar to other commodity dealers. For example, they would need to keep good records for at least five years, share information with the CFTC upon request, appoint a chief compliance officer, and submit to provisions that protect against “fraud, deceit, and manipulation.” Source

Crypto.com’s Exposure to FTX Less Than $10 Million Says CEO — CRO Token Not Used as Collateral – Featured Bitcoin News

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According to the CEO of Crypto.com, Kris Marszalek, his firm had recovered much of the $1 billion that had been sent to FTX when the crypto exchange collapsed. However, he acknowledged that at the time of FTX’s collapse, Crypto.com’s exposure to the crypto platform was below $10 million. Marszalek also claimed that Crypto.com has never used its crypto token as collateral. Crypto.com’s Business Model Kris Marszalek, the co-founder and CEO of Crypto.com, recently told his followers that when FTX collapsed, much of the $1 billion that was sent to the…

Exchanges delist FTX Token pairs from trading platforms

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As the FTX collapse continues to cause turmoil in the crypto industry, various crypto exchanges have delisted FTX Token (FTT) on their platforms.  In an announcement, crypto exchange Binance highlighted that they have removed the FTT/BTC, FTT/BNB, FTT/ETH and FTT/USDT trading pairs on their platform citing that the pairs failed to pass their recent reviews. However, the exchange noted that the FTT/BUSD pair is still available on its exchange. At #Binance we conduct regular reviews of listed assets to ensure they meet our standards to protect our users. Based on…

WORST Crypto News Ever | FTX CONTAGION Will Destroy Market (Binance BACKS OUT)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What’s happening with cryptocurrency? Binance will NOT Buy FTX? Let’s discuss the latest crypto news for bitcoin, ethereum, altcoins, & MORE! SLAP THE LIKE BUTTON! 👋 Vote Altcoin Daily for Best News Source & Influencer of the Year: Join us in Miami: Web3 Is A Joke: BINANCE just DESTROYED FTX! CRYPTO HOLDERS: I’M SCARED! 🔴 Kevin Smith Makes Crypto History with First Ever NFT Film (Huge Moment) 🟠Mark Cuban EXPOSES The Crypto Market in 2022 | Full Interview 🟣 Why Spike Lee…

FTX bankruptcy filing speculates over 1M creditors

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The FTX liquidation crisis turned bankruptcy saga continues as a recent filing reveals additional information on Sam Bankman-Fried’s leadership and the exchange’s final days. On Nov. 14, a new document was filed in a United States federal court in Delaware, where FTX US is based. It revealed that the exchange may have “more than 1 million creditors in these Chapter 11 Cases.” This comes after Bankman-Fried’s voluntary Chapter 11 bankruptcy filing on Nov. 11, which initially set forth 100,000 creditors. These speculated 1 million creditors are said to belong to…

FTX Hacker Becomes 35th Largest Ethereum (ETH) Whale

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Last Friday, the FTX drama took a new turn when it became known that some of the remaining customer funds were stolen by a hacker. According to current knowledge, it must have been an inexperienced insider who gained access to FTX’s wallets. Hacken CEO and co-founder Dyma Budorin stated that the hacker was able to steal more than $450 million from FTX hot wallets. However, he made a fatal mistake by using his verified personal account on crypto exchange Kraken to send some of the stolen funds in Tether (USDT)…

FTX Collapse Sees Long-Term Bitcoin Holders Shift to Distribution

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Another metric, the long-term holder net position change, shows more than 48,000 BTC were spent in the week ended Nov. 13. Glasnode defines long-term holder supply as the one that is statistically the least likely to be spent. In addition, more than 97,000 BTC that were inactive or dormant for over a year moved last week and possibly returned to the cryptocurrency’s circulating supply. Original