The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced.
Decentral Block Post
Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him.
The protocol announced an agreement that bought out 100% of FTX Ventures and Alameda Research's equity position.
Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.
The NFT marketplace has clarified its stance on creator royalties after receiving significant public backlash from an earlier post.
The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call.
Neither FTX CEO Sam Bankman-Fried nor any FTX official has provided its users with clarity as to why FTX’s website was taken down.
Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX.
Binance cited allegations of mishandling of consumer funds and investigation from regulators as reasons for exiting the agreement.
The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange.
Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation.
Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.
Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on.
A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com, and the largest crypto exchange in the region.