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FTX

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30 Mar 23

Ledger sees funding success in wake of FTX collapse

The recent collapse of FTX has increased interest in Ledger’s secure storage solutions and led to its recent funding success. The cryptocurrency ecosystem experienced a major shake-up following the FTX collapse, as investors rapidly sought safer storage alternatives for their digital assets. The shift in market sentiment resulted in a significant increase in demand for […]
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30 Mar 23

OKX to release $157m in frozen FTX and Alameda

Crypto exchange OKX announced today that it would hand over roughly $157 million in frozen assets linked to FTX and Alameda Research to debtors. In a press release on March 29, OKX announced its response to a motion submitted in the FTX bankruptcy proceedings. For #OKX, doing right by crypto traders & the industry is […]
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23 Mar 23

FTX pursuing $460m from SBF-backed Modulo Capital

Amid SVB’s collapse, the defunct cryptocurrency exchange FTX is suing the venture capital company Modulo Capital, which got a significant investment from Alameda Research last year. The lawsuit seeks to recover $460 million in client monies that FTX is said to have improperly taken. Due to the settlement, both companies can avoid an expensive legal struggle; nonetheless, the monies […]
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22 Mar 23

BitBoy Crypto reportedly threatened FTX class action lawyers

Class action lawyers argue that Ben Armstrong, who stands behind BitBoy Crypto YouTube, often threatened them because they were suing them for advertising the fallen FTX cryptocurrency exchange. After being identified as a defendant in a class action lawsuit, Ben Armstrong began harassing the attorneys representing the plaintiffs, according to court documents. Lawyers for the class […]
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18 Mar 23

FTX had a 6.8b hole when it filed for bankruptcy

FTX, the defunct crypto exchange, had a $6.8b hole in its balance sheet when it declared bankruptcy last year. According to the group’s advisors, FTX’s debt includes a $10.6b deficit for the main FTX.com business and an $87m short for FTX.U.S.  Alameda Research, the trading wing of FTX, had $2.6b in net assets. Meanwhile, FTX […]
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