Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
FTX's former CEO Sam Bankman_Fried received $2.2 billion in payments and loan from the bankrupt firm, according to a press statement.
Oluwapelumi Adejumo 2 min read 
Transparency International named 8 Russian crypto exchanges willing to facilitate anonymous crypto for cash trades in London.
Binance CEO Changpeng 'CZ' Zhao clarified that the zero fee trading option would stop on BUSD in about a week.
Lookonchain said the wallets making the transactions were used to collect FTX's assets after it crashed in November 2022.
A Paysafe subsidiary Skrill said the current UK regulatory environment made it challenging to offer its services to Binance.
"The financial system needs to be updated. It's slow, it's archaic," Armstrong told Bankless.
Bankrupt crypto exchange FTX's crypto portfolio rose by roughly $63 million, according to Arkham Intelligence dashboard.
The exchange said it identified an issue and halted all activities except cancel options between 13:58 UTC and 14:18 UTC.
Paxos and Celsius also lost money in the shut down, however, the companies expect the recover the lost funds soon with the help of the FDIC.
