Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
FTX Ventures purchased 30% of SkyBridge in September, providing capital for SkyBridge to expand, develop new products, and introduce cryptocurrencies.
Crypto.com CEO Kris Marszalek said the company holds at least $4.4 billion in assets.
Following the news, FTT declined by 22% according to CryptoSlate data.
The crypto community is split of whether using the "Bahamas loophole" to withdraw stuck FTX funds is justified.
The latest development emanates after the CEO of the cryptocurrency exchange, Sam Bankman-Fried, said he's working on emergency moves to raise funds
USDT sinks to $0.9806 amid rumors FTX/Alameda is shorting the stablecoin.
Speculation continues to mount over which CeFi lending platform is next to succumb as Celsius, Voyager, and others did following the UST de-peg.
A source claims that Binance won't consider the deal for FTX's standalone operations due to the Federal Trade Commission opening an investigation into FTX this morning
The CEO of Binance confirmed that the announcement of FTX's acquisition was not pre-planned and that he was unaware of the company's internal state.
