Juno advises users to withdraw funds due to custody concerns
Cryptocurrency platform Juno has advised customers to use self-custody techniques due to “uncertainty” with its custodian partner. Due to “uncertainty” with its partner, the cryptocurrency company Juno encouraged customers to withdraw their funds and deposit them in self-custody wallets or sell their holdings for cash. The company intends to resolve the issues by hiring a […]
Genesis reduces staff and considers bankruptcy: WSJ
According to recent reports, the cryptocurrency lending company Genesis is mulling the possibility of filing for bankruptcy. According to a WSJ report from January 5 that cited “people familiar with the matter,” Genesis is considering declaring bankruptcy and has let go of about 30% of its workers. There were 145 people left at the company […]
FTX clients demand more transparency about subsidiary sales
FTX customers claim they should be included in the sales process to guarantee their interests are reflected and have filed a limited objection to FTX’s plan to sell four independently run companies. An ad hoc committee of non-U.S. customers, consisting of 18 members, who have combined claims against FTX totaling more than $1.9 billion, submitted […]