Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Coinbase's CEO Brian Armstrong said that the layoffs will provide the company with operational efficiency to weather the bear market. Coinbase's shares were up almost 3% premarket after the announcement.
Huobi Korea chairman Jo Guk-Bong will buy the majority stakes from Huobi global founder Leon Lin.
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual.
FTX founder Sam Bankman-Fried's Robinhood shares equate to $455 million.
Some charities have voluntarily agreed to return the funds, some have already spent the money, while others are awaiting legal clarity.
The subpoenas were issued as part of an on-going investigation into potential violations of US anti-money laundering laws by Binance.
Both halves of FTX have agreed on a plan to maximize stakeholder recoveries.
The crypto firm said it does not take personal custody of its users' assets but relies on a crypto partner which is currently facing "uncertainty."
According to Nansen, the highest outflows were from stablecoins addresses (USDT and USDC) and Ethereum (ETH) wallets with high balances.
