Tether Chief Technology Officer Confirms No Plans To Save FTX
Tether has indicated that it has no plans to invest cash into FTX, despite the CEO allegedly approaching many companies for assistance. As it struggles to close a reported multi-billion dollar hole in its balance sheet, cryptocurrency exchange FTX has lost at least one potential rescuer.On November 10, Paolo Ardoino, the chief technology officer of […]
Genesis Trading Claims $175M Of Funds Are Locked In FTX
The most recent company to declare exposure to FTX is Genesis Trading and it may seek assistance from its parent company. Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives business has about $175 million in funds stashed away in an FTX trading account in what it describes […]
Digital Currency Group Grants Equity Infusion To Genesis
Genesis said earlier that it has about $175 million in locked funds in its FTX trading account for its derivatives business. Digital Currency Group, a crypto investor, is giving $140 million in new stock to one of the companies it owns, Genesis Global Trading. “While recent market events haven’t affected how our lending and trading […]
Ross Stevens Warns Against Non-Bitcoin Crypto Investment
Ross Stevens said that NYDIG has always turned down chances to work with companies like FTX, Three Arrows, BlockFi, Celsius, and others like them. “Life is too short to do anything other than work with people you like, trust, and would be ferociously proud to be in a foxhole with when the bullets are flying,” […]
Bahamas regulators freeze FTX’s Assets
Still, on the FTX liquidity issue, Bahamas securities regulators have frozen the assets of FTX.com an action regarded as a “prudent course” Over the past few years, FTX.com has operated out of the Bahamas, where it was registered. In order to determine if the corporation is sound or needs to be liquidated, the authorities have […]