FTX has begun a review of its global assets as part of the crypto exchange’s Chapter 11 bankruptcy protection proceedings with New York-based financial services firm Perella Weinberg Partners L.P. (PWP) engaged as its lead investment bank. The PWP engagement is subject to approval by the court, FTX ...
FTX founder Sam Bankman-Fried quietly cashed out $300 million in personal stakes in the midst of a $420 million fundraise in October 2021, the Wall Street Journal reported. Bankman-Fried told investors at the time the raise would be used for things like helping grow FTX and working more with regulat...
Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The sudden collapse of FTX and Alameda has sent shockwaves throughout crypto, imparting signi...
Sen. Ted Cruz said that Binance showed "at minimum ill intent" regarding the offer it made and quickly took back to buy FTX last week. Noting the speed of Binance's public offer to buy its troubled rival, then rapid withdrawal, Cruz told The Block, "All of that suggests at a minimum ill intent. And ...
The Securities and Exchange Commission has started administrative proceedings against American CryptoFed, a Wyoming-based decentralized autonomous organization (DAO), to weigh a stop order to suspend the registration of the offer and sale of its Ducat and Locke tokens. The SEC said a Form S-1 regist...
Crypto prime broker FalconX will no longer use the Silvergate Exchange Network (SEN), according to an email sent by FalconX to clients and obtained by The Block. “Out of an abundance of caution for our customers, we will not be using Silvergate SEN and wires, effective immediately and until further ...
NFT protocol Metaplex laid off staff due to to the "indirect impact" of the collapse of crypto exchange FTX. While the company said its treasury was not directly impacted and that its fundamentals remain strong, it will take a more conservative approach moving forward, CEO and co-founder Stephen Hes...
Genesis Block HK, a crypto over-the-counter (OTC) trading firm based in Hong Kong, has funds stuck in the now-bankrupt crypto exchange FTX, two people with knowledge of the matter told The Block. The exposure is worth more than $50 million, one of the sources said. The impact is significant enough t...
Crypto payments company Ripple is seeking a virtual asset service provider license from the Irish regulator as it expands its operations in Europe, according to CNBC.  When new laws on crypto regulation in the European Union come into force, expected in 2024, Ripple would then be able to “passport” ...
Willemstad, Curaçao, 18th November, 2022, ChainwireTo mark the FIFA World Cup 2022, online gaming platform BC.GAME  is offering multi-million dollar prizes via its Coco's Carnival portal. Crypto Casino BC.GAME is a major World Cup advocate thanks to its sponsorship of the Argentine Footb...

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