Track FTX news, including bankruptcy updates, creditor repayments, court rulings, asset recovery, and the lasting impact of the collapse.
Binance-backed SafePal's SFP token jumped 125.96% while Trust Wallet, which is owned by the exchange, saw its token price increase by 92.39%.
Ontario Teachers said its FTX investmetnt represented less than 0.05% of its total net assets
The regulator said the move was aimed at “safekeeping” the assets and “was necessary to protect the interests of clients and creditors” of the bankrupt exchange.
A bankruptcy statement by new FTX CEO John Ray said he has never in his career seen "such a complete failure" of corporate controls.
Bitcoin and Ethereum emerge as the second and third most shorted crypto, Genesis asked for a $1 billion loan but got rejected, and much more in this edition of CryptoSlate Wrapped Daily.
The new FTX CEO Ray III described the situation as a "complete failure of corporate controls and such a complete absence of trustworthy financial information."
The FTX exploiter currently holds $11.8 million BNB and ETH worth around $346.8 million at current prices.
The crypto community has blasted mainstream media outlets for their portrayal of Sam Bankman-Fried as a virtuous individual.
Temasek revealed that it conducted an extensive due diligence process on FTX, which lasted 8 months between February and October 2021.
