Soon after BTC-e stopped operations, its successor, WEX, appealed to the BTC-e users offering to resume trading from their accounts and also to get refunds for their lost funds. However, WEX shut down, too, a year later, the victim of internal conflict and in-fighting. WEX wallets were drained of millions BitcoinBTCecryptoexchangeDefunctExchangeExchangesMoveReport Read More
FTX may yet have a chance to establish itself as a force to reckon with in the crypto space.
Plans to launch FTX 2.0 may gradually be shaping up after Wall Street investment firm, Jefferies, confirms that it is in talks with a potential buyer for the failed FTX exchange. If BuyersDefunctExchangeFirmInvestmentPotentialTalksYorkBased Read More
This article is a deep dive investigation into Ecoin Finance (ECOIN): a suspicious project based on the smart contract of what many consider to be a fraudulent platform, Safemoon (SAFEMOON), that keeps promoting its token with the name of a now-defunct company that was registered in the United Kingdom.
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Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of BitcoinCEOCryptocryptoexchangeDefunctDiscussesExchangeExchangesFTXInterviewNewsPossibilityRebooting Read More
According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over the social ArrowsBitcoinCapitalCryptocryptoexchangeDefunctExchangeExchangesFoundersFundHedgeMillionNewsScrutinySeekStart Read More
“Simply put, the [clients] were unable to, and did not, effectuate any transactions on the BlockFi platform beginning the moment of the Platform Pause Time Stamp,” the filing said, referring to the exact time (on Nov. 10, 2022 at 8:15 p.m. Eastern Time) when withdrawals were halted.
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More than 100 bitcoins tied to the defunct Canadian crypto exchange QuadrigaCX were transferred out of cold wallets thought to be beyond anyone’s control over the weekend.
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Inside sources at QCP Capital reported a sizable stake stuck with FTX as the ill effects of the exchange’s collapse prevail. Crypto trading platform QCP Capital reportedly has at least $97 million trapped with collapsed crypto exchange FTX. Inside sources also claim that QCP has been trying to sell its claim to distressed asset 97MCapitalDefunctExchangeFrozenFTXQCP Read More
A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses BitcoinBTCeCryptoDefunctExchangeExchangesNewsWalletWEXWithdrawn Read More
Mt. Gox’s Nobuashi Kobayashi has issued a new memo for creditors to avail their crypto payments. The creditors have been instructed to register themselves with the Mt. Gox Rehabilitation Claim Filing System and have been advised to set up a functional crypto account with exchanges to avail their payments on time.
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