The administrators in charge of restructuring the bankrupt crypto exchange, FTX, have revealed that six former executives, including Sam Bankman-Fried (SBF), received payments and loans totalling $3.2 billion from FTX-affiliated companies. Sharing the FTX Debtors’ press release just issued:...
The Federal Deposit Insurance Company (FDIC) of the United States has stated that any investor who wishes to purchase Signature Bank must agree to discontinue all the bank’s cryptocurrency-related activities. Signature Bank, headquartered in New York, and California-based Silicon...
On March 15, 2023, Judge Michael Wiles of the District Court for the Southern District of New York upheld his previous approval of Voyager Digital's Chapter 11 bankruptcy plan and rejected the United States government arguments to delay the...
On March 14, 2023, the United States Trustee and other government attorneys filed a motion objecting to a clause in Voyager Digital's Chapter 11 bankruptcy plan. The plan sought to sell the bankrupt lender's digital assets to cryptocurrency exchange...
Anchorage Digital, a cryptocurrency bank, has announced plans to lay off 75 employees, which constitutes approximately 20% of its workforce. The company cited regulatory uncertainties in the United States as the reason for its decision. Anchorage stated that the...
COVOS has unveiled a new investment platform designed for managing investments in the global digital economy, particularly in Southeast Asia. The platform, which the company claims is the first of its kind, offers a one-stop service for managing investments...
A recent report revealed that Signature Bank, a crypto-friendly financial institution based in New York, was investigated for possible money laundering activities prior to its seizure by regulators. The bank was closed down on March 12, 2023, by US...
Euler Finance, a non-custodial lending protocol based on blockchain technology, is currently negotiating with a hacker who stole millions from their platform. The company has given the hacker a 24-hour deadline to return 90% of the stolen funds, warning...
According to reports, stablecoins worth approximately $145 million have been transferred to various cryptocurrency exchange platforms by wallet addresses associated with the defunct cryptocurrency exchange FTX and its subsidiary, Alameda Research. Three crypto wallets, believed to be connected to...
OKX Ventures, the investment division of OKX, the second-largest cryptocurrency exchange by trade volume and a key player in Web3, has made a strategic investment in Scroll. This investment aligns with OKX Ventures' objective of endorsing projects that improve...
