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Some companies have been affected by the recent FTX collapse and are currently filing for bankruptcy.
FTX Chapter 11 bankruptcy filing Last week, one of the world’s largest cryptocurrency exchanges collapsed. In the last few days, several companies have come out to reveal the losses suffered by his FTX collapse.
Japan-based cryptocurrency exchange Liquid Withdrawal stop Earlier this week, we alluded to the collapse of FTX. The crypto exchange was acquired by FTX in February of this year and is currently affected by the event.
Crypto lending platform Salt is another company that has suspended withdrawals due to FXT liquidation. Nigerian cryptocurrency startup Nestcoin has revealed that more than $4 million of him is on FTX. As a result, the company has announced it will furlough more than 50% of its employees and cut other expenses.
BlockFi is preparing to file for Chapter 11 bankruptcy, citing substantial exposure to FTX and related corporate entities. This comes after BlockFi and FTX US entered into a credit agreement earlier this year. is.
As the case unfolded, the Bahamas Securities Commission revealed earlier this week that it had seized assets belonging to FTX Digital Markets, the parent company of FTX and FTX US. The move came after assets started disappearing from his FTX Digital Markets account.
Meanwhile, former CEO Sam Bankman-Fried claimed that FTX US has enough assets to repay all its customers. Bankman-Fried, along with his other Alameda Research executives, set to testify At the House Financial Services Committee hearing on the collapse of FTX. Finally, the Australian Securities and Investments Commission (ASIC) license suspension It was issued to FTX Australia earlier this week.
In the wake of FTX’s demise, some crypto exchanges are taking steps to further protect their customers. The OKX exchange announced this week that it will establish a $100 million market recovery fund.
The fund will help blockchain projects that are struggling due to lack of funding and other issues.
In a week dominated by FTX news, Binance continues to cement its position as the world’s leading cryptocurrency exchange.The crypto exchange revealed earlier this week that it had received A regulatory nod from Abu Dhabis Financial Services Regulator to offer crypto custody for institutional investors,
Binance.US, the American division of Binance, is preparing to bid for bankrupt lender Voyager Digital. Binance US previously lost a bid to acquire Voyager Digital to his FTX US. But now that FTX has gone bankrupt, Binance US will make another bid for the company.
binance too announced the launch Of the CR7 NFT collection. This is the first of his NFT collection by the popular football star Cristiano Ronaldo and includes his 7 animated collections in 4 rarity levels.
Luxembourg-based exchange Bitstamp revealed this week that it has secured registration with Spain’s central bank. This latest development means that the exchange can now legally serve Spanish users for both fiat currencies and digital assets.
