According to co-founder Kevin Zhou, the locked funds total around $40 million. Source
Crypto Fund Galois Capital Has Half of Its Capital Trapped on FTX
Tag: FTX
Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco
The fall of major crypto ecosystems — such as FTX and Terra (LUNA) — this year highlighted the importance of transparency around the true reserves held by crypto exchanges and businesses. Amid the ongoing fear, uncertainty and doubt (FUD) across the crypto space, crypto exchange Bitfinex revealed its proof of reserves to the general public. Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence. Walking the talk, Bitfinex CTO Paolo Ardoino shared the list…
Tether Blacklists Mysterious FTX Wallets as Account Drainer Liquidates MATIC, LINK, AVAX Holdings
The exchange’s public wallets hold just over $52,000, data shows. Source
Here’s How Much FTX Owes Miami After Arena Sponsorship Cancellation
The contract between FTX and Miami-Dade County says FTX must pay the County three years of fees in the event of default. Source
Japanese Regulator Slaps FTX Japan With Business Suspension Order – Regulation Bitcoin News
Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16. Japanese Regulator Takes Action Against FTX Japan Japan’s Financial Services Agency (FSA) announced Thursday that the Kanto Local Finance Bureau has taken action against FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s embattled crypto exchange FTX.com. Three orders have been issued against the crypto exchange: a business suspension order,…
FTX Crypto Wallets See Mysterious Late-Night Outflows Totalling More than $380M
More than $380 million in crypto left FTX and FTX US wallets late Friday. Source
From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried
CryptoX – Cryptocurrency Analysis and News Portal Sam Bankman-Fried handed over control of his company to the veteran Wall Street bankruptcy lawyer who will guide the company’s Chapter 11 process. Source The post From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried appeared first on CryptoX. CryptoX Portal
SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’ – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investigating whether Gensler helped FTX CEO Sam Bankman-Fried and his bankrupt crypto exchange on legal loopholes to obtain a regulatory monopoly. SEC Chair Gensler on FTX’s Undoing The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, talked about crypto regulation and the undoing of cryptocurrency exchange FTX in an interview with CNBC Thursday. Without confirming whether the…
Miami HEAT Arena Balks at FTX Naming Rights, Ending 19-Year Deal Early
Miami-Dade County terminated its relationship with the exchange. Source
Bitcoin Returns to Red, Tumbling 7% on FTX Collapse
Bitcoin (BTC) was recently trading at about $16,675, down nearly 7%. The largest cryptocurrency by market capitalization was still hovering near $17,000 when CoinDesk reported that FTX, the once-widely revered exchange, had filed for bankruptcy after a fruitless search for a rescuer. The ongoing fallout for an already shellshocked crypto sector remains uncertain. Original