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” FTX names Kroll as claims agent, to update users on bankruptcy developments “ Bankrupt crypto exchange FTX has appointed restructuring administration firm Kroll as its agent to track all claims against FTX and ensure interested parties are notified of developments throughout its Chapter 11 bankruptcy case. Known as the “claims and noticing agent,” Kroll…
” Crypto industry was ‘judge, jury and executioner’ for FTX: Pompliano “ Prolific podcaster and cryptocurrency investor Anthony Pompliano has not lost faith in people or the crypto industry despite the disappointing conduct of former FTX CEO Sam Bankman-Fried. Bankman-Fried, once widely regarded as crypto’s “white knight” is now a pariah in the crypto industry…
” FTX will be the last giant to fall this cycle: Hedge fund co-founder “ While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange’s fall from grace should be the last catastrophic event — at least in this market cycle. CK Zheng, the former head of…
” Jump Crypto denies rumors that it intends to wind down due to FTX losses “ Jump Crypto, a division of the Jump Trading Group, has denied rumors circulating online that it intends to wind down operations due to its exposure to FTX losses. According to a tweet shared by the company on Nov. 17,…
” FTX and Alameda likely colluded from the very beginning: Report “ According to a new report published by blockchain analytics firm Nansen on Nov. 17, bankrupt cryptocurrency exchange FTX was allegedly intertwined with that of crypto trading firm Alameda Research from the very beginning. Both entities were created by crypto businessman Sam Bankman-Fried, who…
Hoyer won’t seek House leadership, Clyburn coy on future House Majority Leader Steny Hoyer (D-Md.) announced Thursday he will remain in Congress next year but won’t seek a leadership position, joining Speaker Nancy Pelosi (D-Calif.) who had announced the same decision moments before. The surprise development clears the way for Rep. Hakeem Jeffries (N.Y.), the…
” Australian firm raises $28M to expand Bitcoin mining capabilities “ The turbulent climate of the crypto industry is not putting a full stop to builders in the space. Arkon Energy, an Australian renewable data center infrastructure company, recently raised millions to expand its Bitcoin (BTC) mining operations and acquired another European-based data center. The…
” Heroic Story secures $6 million to build Web3 tabletop RPG world “ Web3 gaming protocol Heroic Story raised $6 million in a seed round led by Upfront Ventures with participation from Multicoin Capital and Polygon Technology, the company announced on Nov. 17. The funds will be used to hire talent, market the live beta…
” Binance, OKX and Bybit suspend USDT and USDC deposits on Solana “ Binance crypto exchange announced on Nov. 17 that deposits of Solana-based USDT and USDC have been “temporarily suspended until further notice” on the platform. The exchange referred to the tokens as “USDT (SOL)” and “USDC (SOL),” as USDT and USDC stablecoins remain…
” Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases “ Collapsed crypto exchange FTX and 130 affiliates filed for bankruptcy in Delaware on Nov 11. Chaos followed as a number of FTX creditors, investors and industry experts began to question what would happen next. Laura Shin, crypto journalist, author and host…