FTX ‘Fall’ Helped Enrich the Ethereum Validators
During the crypto chaos at the beginning of this month, they saw a rise in MEV or profits from optimizing the order of transactions. The collapse of FTX this month made running the Ethereum network much more profitable. The crypto industry ran into the almost unbreakable rule that when markets are chaotic, the best place […]
Serum Tokens Price Doubles After Emergency Fork
The price of a Serum token went as high as 32 cents, up from a low of 12 cents just two days ago. This happened as members of the decentralized exchange scrambled to implement an emergency fork after the hack of Sam Bankman-FTX Fried’s exchange raised security concerns. The serum is a decentralized exchange protocol […]
FTX Users Declare Pay Cents on the Dollar Post Bankruptcy
The cryptocurrency exchange FTX filed for bankruptcy on Friday, leaving users’ funds stuck on the platform. One marketplace for distressed claims posted bids for a fraction of the original value of claims. People who lost money on the troubled cryptocurrency exchange FTX and want to get at least some of it back can sell their […]
Amy Wu Resigns From FTX Ventures
Amy Wu a former partner at Lightspeed Venture Partners announced her resignation from FTX Ventures on Friday. Amy Wu, an FTX investor is said to have left her post. The Information reported on November 11 that Wu left his position as Head of FTX Ventures when it was revealed that the Crypto exchange would proceed […]
Sam Bankman-Fried $16 billion net worth drops to nothing
Sam Bankman-Fried $16 billion net worth has now been reported by Bloomberg’s Billionaire Index to be $0 following the collapse of FTX. The CEO of FTX. Sam Bankman-Fried, is suffering as a result of what is arguably the most devastating collapse in the history of the cryptocurrency industry. The former crypto tycoon’s entire fortune has […]