Authorities In Turkey Freezes FTX Assets
Turkey’s Financial Crimes Investigation Board has seized assets belonging to SBF after launching an investigation into FTX’s affairs in the country. Following the failure of his primary business, the nation’s Financial Crimes Investigation Board, locally known as MASAK, seized assets belonging to former FTX CEO Sam Bankman-Fried. Following the bankruptcy of Bankman-primary Fried’s business, the […]
UAE Regulator Revokes FTX License
Dubai regulators noted that no clients were exposed, as FTX MENA was still in the preparation phase before getting fully approved to operate. The Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license that permits FTX to make preparations to service the local market even though the crypto exchange fiasco continues to make waves […]
Binance Targets $1B Recovery Fund For Distressed Crypto Assets
Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets. Binance plans to contribute $1 billion to a suggested industry recovery fund, and its CEO announced plans for a fresh offer for the assets of the defunct Voyager bitcoin loan company. In an interview with BloombergTV on […]
Bybit Supports Crypto Market Makers With $100m Fund
Bybit, a major cryptocurrency platform, informed on Thursday that it established an institutional clients support fund worth $100 million Bybit has established a new support fund to aid institutional traders in gaining access to liquidity following the FTX collapse, which brought on a new round of panic selling throughout the digital asset market. Following the […]
CZ Binance responds to FTX contagion on crypto industry
Binance CEO Changpeng “CZ” Zhao in a Bloomberg interview responded to FTX contagion on the crypto industry at large. He also spoke on Coinbase reserves and the industry recovery fund. The fall of FTX will have some spillover effects on the cryptocurrency market , according to the CEO of Binance in an interview with Bloomberg […]