FTX creditors have been urged to take part in the bankruptcy estate’s upcoming auction of its remaining Solana token holdings. This auction, organized by Figure CEO Mike Cagney, presents a unique opportunity for retail investors impacted by the exchange’s collapse. Unlike previous token sales to venture capital firms, this auction allows participation with a minimum
Exchanges
HashKey, a crypto exchange based in Hong Kong, has announced that it will no longer support transactions related to Binance, starting next month. This decision comes as a result of a change in the platform’s policy, although specific details regarding the new rules have not been disclosed. The exchange will restrict deposits from Binance as
The bankrupt FTX exchange made a significant move on April 18 by transferring assets from its FTT Treasury wallet to a new wallet address. The transferred assets include 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million JOE tokens worth $3.25 million. This transfer left
Binance, one of the leading cryptocurrency exchanges, recently completed the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin. This move was aimed at enhancing the security and stability of the assets held in the SAFU fund. By transferring 100% of SAFU’s assets to the USDC stablecoin, Binance aims
Bybit’s recent analysis has set off alarm bells regarding a potential shortage of Bitcoin on exchanges by the end of 2024 if the current demand trajectory is maintained. The report highlights the possibility of reserves being completely exhausted within the next nine months, with withdrawal rates currently hovering around 7000 BTC per day. This forecast
US Senators Elizabeth Warren and Charles Grassley have taken a bold step in requesting a detailed account of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). This formal request, made in an April 12 letter, aims to bring to light any potential regulatory failures that
Recently, the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury recognized crypto exchange Coinbase for its significant contributions to major criminal investigations. In a letter addressed to Coinbase CEO Brian Armstrong, FinCEN commended the digital currency exchange for its role in aiding law enforcement efforts through its compliance and reporting practices.
The recent developments in the case of the detained Binance executive, Tigran Gambaryan, have raised significant concerns and generated public interest. The Nigerian High Court in Abuja has taken a strict stance by ordering Gambaryan to be remanded in prison until his bail hearing on April 18, following his not guilty plea to money laundering
FTX’s recent decision to sell its Solana holdings at a significant discount to crypto venture firms has not been well-received by its creditors. The move to offload 30 million SOL at a rate of $64 each, to VC firms like Pantera Capital and Galaxy Trading, represents a substantial 62% markdown from the current market price
One of the most striking aspects of the recent legal proceedings involving Binance in Nigeria is the absence of legal representation for the crypto exchange. During the court hearing on April 4, only the compliance chief, Tigran Gambaryan, was present, while legal counsel was noticeably missing. This lack of legal representation could potentially have significant