Cryptocurrency Analysis and News Portal
As FTX showed, operators in digital asset markets need to improve corporate governance standards. Here are the key components as the industry readies for another possible bull run. Source
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One avenue open to those whose assets are locked up in a bankruptcy estate is to sell their claims at a discount at marketplaces such as X Claims or Claims Market. But there are very few providers of liquidity for relatively small claims of around $50,000 because of the cost
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Our weekly roundup of news from East Asia curates the industry’s most important developments. OKX airdrop after token trading fiasco On Mar. 1, cryptocurrency exchange OKX announced that it would airdrop 3,014,381 Tether (USDT) to users who suffered losses as
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“I lived through the financial crisis as COO of a $1 billion hedge fund, we did diligence on Morgan Stanley, Goldman Sachs, BNY Mellon, Lehman Brothers, and we stayed out of Lehman because of the inherent risks and didn’t get caught in the bankruptcy,” he said. “Crypto people need to
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Amid ongoing investigations around the defunct crypto exchange FTX, the Commodity Futures Trading Commission (CFTC) questions the due diligence conducted by institutional investors and their accountability regarding the loss of users’ funds.CFTC Commissioner Christy Goldsmith Romero stated that VCs that had to write down their investments in millions of dollars
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Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to "trust the chain," a crypto-focused venture fund executive argues. Speaking to Cryptox, John Lo, head of digital assets at Recharge Capital — a $6 billion fund with crypto
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The U.S. regulator is looking at whether financiers did their homework on a crypto exchange since accused of sloppy governance. Source
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Singapore's state-owned investment firm Temasek revealed despite eight months of due diligence in 2021, it didn't find any significant red flags in FTXs financials before deciding to invest $275 million into the now-bankrupt crypto exchange.Like many of FTX's more than one million creditors, the Singapore-based firm has been left blindsided
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The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled customer funds,” Binance has decided not to pursue the FTX acquisition. Binance Drops the FTX Acquisition After the crypto exchange Binance revealed
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Orthogonal Credit, an arm of the digital asset hedge fund Orthogonal Trading, disclosed on Nov. 9 it pushed to close Alameda Research's dedicated borrower pool on Maple Finance in the second quarter of this year, after identifying "key weaknesses" in a due diligence. On Twitter, the company announced it had identified
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