Genesis faces bankruptcy without $500 million cash injection, Binance and Apollo shun crypto lender
Summary: Genesis sought to raise $500 million – $1 billion to ward off bankruptcy concerns.The crypto lender tried to secure...
Ethereum
Justin Sun is open to buying FTX assets: WSJ
Summary: Tron founder Justin Sun said his team was in the Bahamas where FTX is based to evaluate a potential...
Ripple CEO Brad Garlinghouse To Consider Purchasing Parts Of Collapsed Crypto Exchange FTX
Ripple CEO Brad Garlinghouse shows interest in purchasing companies owned by FTX that currently serve business customersAccording to Sunday Times,...
Coinbase Custody confirmed Grayscale product breakdown, wallet addresses remain undisclosed as GBTC discount reached 50%
Summary: Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division.However, the crypto exchange did not release the...
Bitcoin’s dip to $16,000 threw 50% of BTC wallets into losses
Summary: Some 50% of Bitcoin holders are at a loss amid sagged crypto prices.“out-of-money” Bitcoin addresses made up over half...
Genesis Block Reportedly Has Over $50 Million Stuck On FTX
Genesis Block’s exposure to bankrupt crypto exchange FTX is reportedly more than $50 million.The considerable exposure has led to the...
Canadian pension fund says they will write off $95 million stuck on FTX
Summary: Ontario Teachers’ will write off a $95 million investment in troubled crypto exchange FTX.The pension fund announced the decision...
Jump Crypto Debunks Insolvency Claims After Days Of Speculation Regarding Its Finances
Jump Crypto has clarified that it is well-capitalized and will not be shutting down.The crypto trading firm had revealed considerable...
FTX bankruptcy documents reveal “lack of dependable corporate records” and “unconventional leadership style”
Summary: Bankruptcy documents filed unveiled loose corporate controls at Sam Bankman-Fried’s crypto exchange FTX.The filing also labeled SBF’s tweets as...
CZ Binance: FTX’s misappropriation of user funds was clear once due diligence started
Summary: Binance CEO Changpeng Zhao told CNBC that due diligence during the FTX deal didn’t last long.Zhao said “misappropriation of...
Genesis Global Capital Hit By FTX Contagion, Withdrawals Suspended Till Further Notice
Summary: Another crypto firm announced changes to operations due to FTX’s contagion.The lending department of Genesis Global Trading “temporarily suspended”...
BlockFi Likely To File For Bankruptcy Due To Significant Exposure to FTX: WSJ
Crypto lender BlockFi is reportedly preparing for a potential bankruptcy.BlockFi is planning to lay off some of its employees. The lender...
Apple Pay Has Enabled Crypto Payments Using Circle’s $USDC
USDC issuer Circle has announced that crypto payments using the stablecoin are now enabled on Apple Pay.Select businesses will be...
FTX Hacker Becomes 35th Largest Holder Of Ethereum After Panic Purchasing Approx. $50M of $ETH
FTX hacker reportedly swapped around $50M of $Dai to $Ethereum in a state of “panic” according to intelligence firm Arkham.It...
Former FTX CEO Sam Bankman-Fried Tried To Raise Cash After Chapter 11 Filing: WSJ
Summary: People close to the matter said that Bankman-Fried and some FTX employees spent the weekend calling investors.SBF hopes to...
