Binance and its CEO, Changpeng Zhao, face a class-action lawsuit, accused of using strategic moves to negatively impact competitor FTX and its financial standing. The lawsuit suggests that Zhao used…
Browsing: ftx collapse
Charting a restructuring path for FTX has proven to be a long and complex process, even though John J. Ray, an ex-Enron liquidator, is in charge of the process. The…
FTX attorneys tell the bankruptcy court that the exchange has recovered more than $5 billion worth of liquid assets. The exchange plans to sell $4.6 billion in assets to repay…
On-chain data shows that Ethereum-based assets were added from several wallets and kept in two wallets before the firm later exchanged these assets for Tether’s USDT stablecoins. Arkham intelligence data…
According to Gokhshtein, Bitcoin’s eventual bottom is very near and might spur a rise in BTC’s price. At least one analyst believes that Bitcoin could hit $5,000 in 2023. Although…
The BlackRock CEO still sees crypto assets as revolutionary, even though he disagrees with the issuance of tokens by centralized exchanges. The CEO of the asset management company admitted that…
Creditors of the crypto lending platform, Genesis, are out to prevent the bankruptcy of the platform by hiring restructuring lawyers and exploring other options to shield DCG. Economic factors such…