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Kumanan Ramanathan who worked for a legal firm consulting for Sam Bankman-Fried’s crypto exchange was able to safeguard up to $500 million of customer funds on the day hackers attacked FTX. Amid bizarre transactions out of FTX wallets on Nov. 11, Zach Dexter, chief executive of FTX subsidiary LedgerX rallied former
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SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain.In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX that is
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Investors have learned by experience that it’s dangerous to “fight the Fed.” Since March’s promise of unlimited spending, the stock market has reversed its free fall with a strong rally. A shift in Federal Reserve buying trends suggests that the stock market has little upside left – and a potential drop ahead. “Don’t
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XRP TipBot, a service enabling users to transfer XRP to each other via comments on Twitter, Reddit and Discord, has been saved from the threat of extinction at the hands of new regulations in the Netherlands.In a May 14 blog post, developer Wietse Wind explained that the “personal hobby project”
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