FTX Japan Intends To Resume Withdrawals This Year
Japan’s Financial Services Agency requested the exchange suspend business orders on Nov. 10, FTX Japan plans to resume withdrawals this year. By the end of 2022, FTX Japan, a subsidiary of the cryptocurrency exchange, reportedly plans to start accepting withdrawals again. NHK, a Japanese news organization, reported on November 21 that the crypto exchange has […]
Ethereum co-founder offers lessons drawn from FTX crash
Following the FTX crash, Vitalik Buterin, co-founder of Ethereum, came out to share some lessons learned from one of the largest black swan episodes in the crypto market. Vitalik Buterin said that the failure of FTX has lessons for the whole crypto industry in an interview with Bloomberg on November 20. He admitted that the […]
FTX Collapse Affects Coinbase and MicroStrategy Bonds
One investor said that high bond yields are a sign of both sharply higher interest rates and institutional investors’ real doubts about how crypto will work in the long run. Bonds issued by Coinbase (COIN), a cryptocurrency exchange, and MicroStrategy (MSTR), a business intelligence company that invests in bitcoin and is also a bitcoin investor, […]
FTX Begins Strategic Review Of Global Assets
FTX debtors are in talks with finserv firm Perella Weinberg Partners for various sale or reorganization attempts. However, the engagement of PWP is subject to the bankruptcy court’s approval. The defunct cryptocurrency exchange FTX and 101 of the 130 affiliated companies announced the beginning of a strategic review of their global assets as part of […]
Sino Global Had Deep Ties to FTX Beyond Equity Investment
Sino is a well-known crypto investment company based in Asia. It holds many of the tokens that lost the most value when Sam Bankman-FTX Fried’s crypto empire fell apart. FTX was also a key partner in a large fund that Sino put together with money from outside investors. Sino Global Capital, which is led by […]