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At the time FTX filed for bankruptcy, the total amount of customer assets misappropriated was about $8.7 billion. A Delaware bankruptcy court has granted FTX’s administrators permission to sell the defunct exchange’s trust assets. The approval comes about four weeks after the administrators filed a motion requesting the sale of the
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Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court.The $873 million in assets will be sourced from
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“Being market neutral, we don’t take any directional risk, so whether bitcoin is going up or going to go down doesn't matter much to us,” Arslanian said. “We generate alpha from the inefficiencies in crypto markets. So, we will arbitrage between perpetual swaps and the spot price of bitcoin and
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In a post made Nov. 23 on LinkedIn, David Friedland, the Managing Director of the Asia Pacific region for Interactive Brokers, shares an early announcement of a Hong Kong license approval. The license is said to allow retail clients to trade Bitcoin (BTC) and Ethereum (ETH). A surge in activity The recent announcement
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Blue-chip institutions including Goldman Sachs and J.P. Morgan are trialing digital asset offerings, seeking cost savings and efficiencies. Source
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Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia.Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. 1
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The crypto market is showing signs of recovery, with Bitcoin’s (BTC) recent surge to $37,000 sparking renewed interest among investors. This positive shift can be attributed to the expectations surrounding the approval of a spot Bitcoin exchange-traded fund (ETF) in the U.S. Amidst these changes, three coins – Galaxy Fox (GFOX), Solana
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14 Ukrainian officials received advanced training on investigating new-age financial crimes in a training course held from Nov. 14 to Nov. 17 in Vienna, Austria.According to a report released by the Organization for Security and Co-operation in Europe (OSEC), select supervisory and law enforcement officials from Ukraine learned about advanced techniques
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Kinto secured $1.5 million in a pre-seed investment earlier this year from Kyber Capital Crypto, according to a press release on Tuesday. It received another $3.5 million recently in a round led by Kyber Capital Crypto, Spartan Group and Parafi. SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane and
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Chief Executive Officer of Binance, Changpeng “CZ” Zhao, has shared a report in which the exchange intervened in the theft of millions
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