Larry Fink: BlackRock Had Invested $24 Million in FTX
CEO of BlackRock Inc. Larry Fink said on Wednesday that the now-defunct FTX crypto exchange seems to have done “misbehaviors,” but that the technology behind crypto is important for the future. “We’ll have to wait and see how everything goes with FTX,” BlackRock CEO said. “I mean, we can make all the decisions right now, […]
FTX to resume paying staff, contractors’ salaries
Troubled cryptocurrency exchange FTX revealed that it would “resume conventional” cash payments, salaries, and benefits to its surviving staff members worldwide excluding former FTX CEO Sam Bankman-Fried, and certain former execs. The announcement was made on November 28 by John Ray III, the newly appointed CEO of FTX, as the insolvency expert works to assist […]
3AC co-founder reveals return plans post-FTX fall
Su Zhu, a co-founder of Three Arrows Capital (3AC), seems to be making a return to the crypto space amid the controversy surrounding FTX fall and Sam Bankman-Fried. Su Zhu returned to Twitter on November 9 after being dark for many months, the day after FTX admitted it was experiencing a “liquidity constraint.” Zhu has […]
American regulators to investigate Genesis and other crypto firms
Alabama and several other American states are investigating alleged securities violations and connections with retail investors. Securities regulators in the U.S are looking into cryptocurrency lending company Genesis Global Capital and other crypto firms, according to reports on November 25. According to Barron’s, Joseph Borg, director of the Alabama Securities Commission, confirmed that his state […]
Abu Dhabi’s Hayvn Plans To Acquire FTX
Abu Dhabi-based crypto trading company Hayvn considering a bid for collapsed FTX’s payments business FTX Pay. The collapsed payments company FTX Pay may be up for sale, according to Abu Dhabi-based cryptocurrency trading firm, the company said on Friday. Executives at Hayvn believe that FTX Pay is a well-suited company since it complements the trading […]