Thursday, April 25, 2024
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FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation

FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement. The shareholders will begin their day with an account of the claims against the cryptocurrency exchange. Over 2,300 non-customer

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FTX Bankruptcy Estate Holds $200M in Bahamas Property, $1.16B in Solana Tokens: Court Filing

The presentation also details $2.2 billion in cash, crypto, equity and real estate received by Bankman-Fried and other executives, including Nishad Singh, Zixiao “Gary” Wang and Caroline Ellison, in the months leading up to the bankruptcy. That may be significant because U.S. law allows such payments to be clawed back

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Lido assures LDO, stETH tokens remain safe despite flaw in token contract

Ethereum staking protocol Lido Finance has assured both Lido DAO (LDO) and staked-Ether (stETH) tokens remain safe despite hackers allegedly exploiting a known security flaw in LDO’s token contract.Lido didn’t confirm any exploits, but acknowledged the security flaw was known and reassured LDO and stETH funds remain safe in response

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JPMorgan moves into deposit tokens for settlements: Report

Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States. JPMorgan has reportedly developed most of the infrastructure

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Social Network CyberConnect’s CYBER Tokens Soar, Driving Up the Cost of Margin Trading

CyberConnect lets developers create applications related to digital identity, content and friendships on the blockchain. It also offers CyberGraph, a smart contract to record users’ content and social connections, and CyberID, an ERC-721 token that represents a unique handle for user accounts within the CyberConnect ecosystem. Source

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