Polygon, an Ethereum scaling tool, saw wide swings in daily transactions and active addresses during the fourth quarter, as users scrambled to move funds during the epic meltdown of Sam Bankman-Fried’s FTX crypto exchange and the project rolled out new partnerships and initiatives, according to a new report from the blockchain analytics platform Nansen. Source
The firm’s creditors range from tech companies to hoteliers, airlines, and even government-owned entities in the US and foreign countries. As the FTX saga continues unraveling, more revelations are coming to the fore about the bankrupt exchange. In one of the latest developments, a court document has revealed the complete list of FTX creditors. Surprisingly, they are not all tech firms. According to a creditor matrix filed by FTX lawyers late Wednesday night, the firm’s creditors range from tech companies to hoteliers, airlines, and even government-owned entities. FTX Saga: Creditors…
Among those listed are media companies like the Wall Street Journal, Fortune, Fox Broadcasting and CoinDesk as well as big crypto names like exchanges Coinbase and Binance. American, Spirit and Southwest airlines, as well as Stanford University – where FTX founder Sam Bankman-Fried’s parents work as professors – and its credit union were also listed in the document. Source
Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s cryptocurrency empire. U.S. federal prosecutors have alleged that Bankman-Fried has used money from FTX exchange to invest in the venture capital (VC) firm Modulo Capital, according to The New York Times. As previously reported, SBF’s hedge fund and FTX’s sister firm, Alameda Research, invested a total of $400 million in Modulo in 2022, which became one of the most significant investments by SBF. The funding has drawn particular attention from regulators due to Modulo — a…
Place/Date: – January 26th, 2023 at 5:16 am UTC · 3 min read Source: Orbeon Protocol Millions of cryptocurrency tokens are being released every single day. Keeping track of what should be in an investors investment portfolio can take time and effort. But no worries, we have discovered a new token in phase 4 of its presale currently, which may bring 20x the profit in 2023 – Orbeon Protocol (ORBN). It will soon be seen how it will stack up against coins such as Dogecoin (DOGE) and the FTX Token…
A complete list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse. Late on Jan. 25, lawyers for FTX filed its creditor matrix to the United States Bankruptcy Court for the District of Delaware. The massive 115-page document details the names of its creditors in alphabetical order. The list reveals the sprawling global web of companies from airlines, hotels, charities, banks, venture capital firms, media outlets and crypto companies along with U.S.…
The digital assets industry has a significant responsibility to right the ship following FTX’s collapse, but Washington, D.C., has a responsibility as well. For digital asset innovation to benefit the economy and regular Americans, it must be taken off the table in the partisan food fight. Those on the right who see cryptocurrency as a means to starve the government beast and those on the left eager to smear genuine financial innovation as a mere Ponzi scheme have forestalled desperately needed bipartisan compromise. Digital assets aren’t going away. They can’t…
The two funds from Pythagoras Investment finished the turbulent year up 8%. Source
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfi’s $1.2 Billion Exposure to FTX, Alameda Research It seems that Blockfi had a lot more money tied up with FTX and Alameda Research than what was originally suggested by the firm. A CNBC report indicates that…
According to a deed of company arrangement (DoCA), the exchange will receive a loan of 1.25 million Australian dollars from an associated business, Digico, to allow it to function. Customers with under $250 will be repaid in full and others will receive at least 45% of their balance over five years. Source