Cold storage, in Sharktank investor Kevin O’Leary’s opinion, is not an option for him or for businesses that had to maintain a particular percentage of industry exposure. The kind of liquidity they would require for the day-to-day functioning of their…
SBF’s Lawyers Terminate FTX Representation Citing Conflict Of Interest
Sam Bankman-Fried (SBF), the FTX CEO, no longer has legal representation from Paul Weiss, citing a conflict of interest. The choice to discontinue representation following SBF’s tweets was judged to obstruct the law firm’s reorganization efforts. SBF’s Cryptic Tweets Complicate…
Crypto Community Fears FTX Contagion May Harm Grayscale
Following the collapse of FTX and worries about market contagion, Grayscale Bitcoin Trust (GBTC) shares are trading at a record discount of 42.69% to the value of the underlying asset. 74 Percent Price Drop As of press time, GBTC shares…
Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet
On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…
Tom Brady And Other Celebrities Face Class Action Lawsuit For “Promoting” FTX
A class action lawsuit has been brought by FTX investors against the platform’s founder and former CEO as well as a number of well-known figures who supported it. The class action, which was filed on Tuesday evening in Miami, asserts…
Singapore State Firm Announces Biggest FTX-Related Loss As SBF Remains At Large
Singapore State Investment Firm to Lose $275 Million The much-publicized FTX collapse painted a clear picture of what a financial contagion looks like. This is after several interlinked companies in the crypto space also went down with liquidity issues as…
FBI In Pursuit Of Sam Bankman-Fried As FTX Debacle Heats Up
FTX founder Sam Bankman-Fried may be extradited to the United States for questioning, according to reports from three persons with knowledge of the situation, according to Bloomberg News on Tuesday. Fears over the future of the cryptocurrency business have been…
Gemini Earn Affected As Genesis Crypto Lending Unit Halts Withdrawals
Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading has temporarily stopped accepting redemptions and initiating new loans, Interim CEO Derar Islim informed customers in a call on Wednesday. According to the company’s website,…
FTX Hacker Identified As One Of The Largest ETH Holders
The hacker who used an exploit to steal money from the now-defunct FTX has been revealed as the 35th-largest Ethereum owner, holding a total of 228,523 ETH valued at $284.82 million. The FTX Attack According to well-known cryptocurrency security company…
FTX Contagion Pushes 300% Surge In Trezor Wallet Sales
Investors are gravitating toward hardware crypto wallets more and more as worries about centralized cryptocurrency exchanges grow in the aftermath of the FTX debacle. Sales Rising Each Week According to Josef Tetek, the company’s brand ambassador, Trezor, a leading hardware…
How did the USDT laundering case move over $1 billion?
The unsealing of a criminal case in the Eastern District of Virginia has drawn attention to a major usdt laundering case involving Miami-based Jorge Figueira, a national of Venezuela and Spain. Court filings allege he ran a money laundering conspiracy…
Vitalik Buterin Unveils Kohaku: The Game-Changing Privacy Framework Revolutionizing Ethereum Wallets in 2025-2026
Buenos Aires, Argentina – In a highly anticipated keynote at Ethereum Cypherpunk Congress 2 on November 16, Ethereum co-founder Vitalik Buterin introduced Kohaku, a bold new privacy framework designed to make private transactions the default experience for Ethereum wallet users.…
