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As it attempts to steer the rescue deal over the line, Zipmex applied for an extension of its moratorium in Singapore, until April 2023, according to a statement on Friday. Moratorium is a form of protection that prevents creditors from making claims. Original Source
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The move on behalf of FTX.com, based in the Caribbean, is the latest legal move in the crypto exchange’s collapse. Source
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The firm now has till 20 January 2023 to work on a restructuring plan. Source
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The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and 130 Associated Firms Voluntarily Commence Bankruptcy Proceedings After days of confusion
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A bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities. Original Source
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The crypto world is highly prone to hacks and attacks, but the jury is out on the impact the new measures will have Original Source
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Consumer protection and regulation are key ingredients to transforming digital assets into an asset class worth trillions. The FTX exchange's Sam Bankman-Fried weighs in. Meanwhile, FTX's FTT token takes a dive after rival Binance announces plans to dump its remaining holdings. Original Source
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“We’re working closely with other marketplaces, wallet providers, analytics organizations, and others, to develop holistic scam detection and prevention systems. We look forward to sharing more on this front soon,” OpenSea said in the blog post. Source
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Alex Fleseriu, CEO of Exchange Art, told CoinDesk that because the platform was originally built for artists “exploited” by the lack of set royalties in the fine art world, it remains motivated to help artists more fairly earn their share in Web3. Source
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin whitepaper a happy birthday. “It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper protection,” said the SEC chairman. SEC Chair Gary
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