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Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX.US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried. Rather, these investors and lenders looked at unaudited financial statements and spoke with the
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There are various choices accessible to PacWest Bancorp that could assist the business overcome the present shares devaluation. PacWest Bancorp (NASDAQ: PACW), a regional bank based in California, is seeing its shares plummet by 23%, days after reporting a 9.5% drop in deposits for the week ending May 4, 2023. Notably, the
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Bankrupt crypto lending firm BlockFi has reportedly uploaded financials by accident, revealing $1.2 billion in assets tied up with bankrupt exchange FTX and Alameda Research.According to a Jan. 25 report from CNBC, the unredacted filings show that as of Jan. 14, BlockFi had $415.9 million worth of assets linked to FTX,
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Huobi held $920 million worth of its own HT token as of Nov. 12. The exchange has promised to perform a Merkle Tree Proof of Reserves audit with a third party within 30 days. Original Source
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Playboy centerfolds will be sold as NFTs after the classic men’s magazine announced a partnership with Nifty Gateway today. The entertainment and lifestyle brand, famous for its Playboy bunnies, distinctive logo, and the dubious claim that men “only read it for the articles”, is planning to tokenize its art,
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FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million.Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is
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Law enforcement was able to trace payments in Bitcoin to the Darknet child porn site by following the flow of funds on the blockchain.Even though Governments all over the world are constantly warning people that Bitcoin and other cryptocurrencies (especially Libra nowadays) could be dangerous for financing terrorism actions or
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