Funds stolen from FTX exchange are being converted and exchanges have been warned to keep their eyes peeled.
Celsius explained that customers who agree to the company’s scheduling of the claims do not need to submit a proof of claim.
As per the recent filing submitted by FTX in its bankruptcy proceedings, the crypto exchange owes a massive $1.45 billion only to its top ten creditors.
Genesis Block may have been winding down its services all year long, but the recent FTX crash has now caused it to stop trading.
Despite the headwinds, Ripple has not stopped staying relevant in the blockchain ecosystem and has maintained a very healthy business outside of the United States.
In its design of the USDA stablecoin, Emurgo has integrated avenues for easy adoption of the soon-to-be-launched token.
The Senators said that the public owes complete transparency of the financial activities that led to the collapse of FTX.
The Nexo Wallet has been designed to let users maintain their identity profile ownership.
As far as the crypto industry is concerned, Multicoin Capital said it does not believe FTX will be the downfall of the industry.
On November 15, FTX filed for bankruptcy in a court in New York to pursue US acknowledgment of the Bahamian liquidation processes.
Since its launch in 2018 as an ERC-20 token, Stably has raised the standards of transparency and interoperability in the stablecoin industry.
The alleged lack of transparency from Binance in the investigation is poised to influence upcoming UK crypto regulations.
Meanwhile, Bahamian liquidators have challenged the legality of FTX to apply for Chapter 11 bankruptcy in Delaware.
Binance is also looking at acquiring the Genesis Trading loan book, which may come off as a major relief to the company’s parent firm, Digital Currency Group (DCG).
Recent announcement by the lending arm of the crypto investment bank Genesis Global suggests that FTX contagion may be in full effect.