Backpack Exchange acquires FTX EU, plans Q1 2025 launch
Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition.This post was originally published on this site
Former FTX executive Ryan Salame’s prison sentence reduced by 1 year
Bureau of Prison records indicate that former Alameda Research CEO Caroline Ellison’s sentence was also reduced by three months.This post was originally published on this site
Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime, bringing their onchain holdings up to […]
Ex-Alameda CEO was trying to prevent ‘AI disaster’ — former FTX employee
Caroline Ellison’s ex-boyfriend, Sam Bankman-Fried, was sentenced to 25 behind bars for his role in the collapse of the FTX exchange. This post was originally published on this site
Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […]
Centralized crypto exchanges are key for mass adoption, despite FTX collapse
Hybrid, non-custodial exchanges could help restore industry trust in crypto but CEXs remain key for onboarding new users.This post was originally published on this site
Japanese exchange BitFlyer to acquire FTX Japan
FTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023.This post was originally published on this site
Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing
Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital Markets. Trabucco’s letter emerged amidst numerous inquiries about his whereabouts throughout the ongoing turmoil. In his message, Trabucco referred to Salame as his “best friend” […]
Post-FTX crypto industry needs education before regulation: Former Biden advisor
“What I preach for is regulation that protects and prevents but does not cripple and destroy [innovation],” the senior adviser told Cointelegraph.This post was originally published on this site
Post-FTX crypto industry needs education before regulation: Former Biden advisor
“What I preach for is regulation that protects and prevents but does not cripple and destroy [innovation],” the senior adviser told Cointelegraph.This post was originally published on this site