Digital Surge survives FTX fallout
Although the Australian crypto exchange Digital Surge had $23.4 million of digital assets locked on the now-defunct crypto exchange FTX, it has somehow managed to survive the collapse resulting from the fallout. A five-year rescue plan for Digital Surge was authorized by its creditors on January 24 local time. It intends to ultimately reimburse its […]
Alleged scammers send FTX 2.0 token from FTX wallets
A token called FTX 2.0 (FTX2.0) is being spread among cryptocurrency users from an actual FTX address. An legitimate FTX address is being used to distribute the FTX 2.0 (FTX2.0) token among cryptocurrency users, with one transaction sending 22 million to a wallet owned by Justin Sun, a co-founder of ethereum (ETH) and tron (TRX). […]
FTX-linked Moonstone bank to exit crypto space
Moonstone Bank, is rebranding itself, getting out of crypto and refocusing on its original customer base. The Farmington, Washington-based Moonstone Bank has declared its withdrawal from the speculative cryptocurrency market and any associated “innovation-driven” business strategies. According to a press announcement issued on Jan. 19, it was also returning to its previous name of Farmington […]
Silvergate suffers $1B net loss in 2022 fourth quarter
According to reports from Silvergate, deposits were $7.3 billion in the fourth quarter, which was less than the $12 billion recorded in the third quarter. A class action lawsuit against Silvergate Bank regarding its interactions with FTX and Alameda Research is now pending, and the bank just disclosed a fourth-quarter 2022 net loss of $1 […]
Monex wants to acquire FTX Japan amid bankruptcy proceedings
FTX Japan, one of the four FTX assets put on sale, caught the eye of Monex Group, an online brokerage firm based in Tokyo. Monex CEO Oki Matsumoto stated that they are interested and that it will be a “really beneficial thing” for them if there is less rivalry in the local market in an […]