Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
FTX enabled withdrawals for Bahamian clients on Nov. 11 citing compliance with regulators, but the SCB contradicted the exchange's claims.
Chief Restructuring Officer and new CEO of FTX, John Ray begins securing digital assets and halting of FTX trading and withdrawal functions.
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.
