Binance’s rollercoaster week: expansion, setbacks, and the ghost of FTX’s collapse
Top blockchain and crypto news: Is Japan a new frontier for Binance? AI art sweeps NFT sales. ETF buzz electrifies Bitcoin.
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FTX top lieutenant Nishad Singh bought US$3.7 million house after learning about the exchange’s misuse of customer funds
Nishad Singh testified he bought a house a month before FTX’s collapse despite learning of the exchange’s misuse of customer funds weeks prior.
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FTX exec Nishad Singh testifies on Bankman-Fried’s ‘excessive’ and ‘flashy’ spending
FTX co-founder Nishad Singh testified on Bankman-Fried’s “excessive” spending including political donations coordinated in a group chat titled “Donations Processing.”
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Binance: One year on from FTX’s downfall
Inside the world’s largest crypto exchange’s annus horribilis.
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Caroline Ellison told Alameda Research about FTX user deposits last November: Cointelegraph
Alameda Research reportedly did not know about the misuse of FTX user deposits until last November.
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Russian hackers may be behind FTX hack: Elliptic
The research firm said that on-chain data point toward Russian hackers, instead of the previously-suspected North Korean Lazarus Group.
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FTX collapse helped the evolution of crypto regulation, says Bahamas securities regulator
FTX’s collapse and the crypto winter helped regulators familiarize themselves with the rapidly evolving crypto industry, said Christina Rolle of the Bahamas Securities Commission.
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Alameda had a US$65 bln line of credit, says FTX co-founder Gary Wang
Gary Wang, co-founder and former chief technology officer of cryptocurrency exchange FTX, testified on Friday that Alameda Research, the sister trading firm of the exchange, had a special line of credit of up to US$65 billion from FTX, that allowed the firm to spend US$8 billion of customer funds. See related article: Little-known FTX co-founder…
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Little-known FTX co-founder Gary Wang testifies in Sam Bankman-Fried trial
Wang admits he implemented special privileges in the exchange’s code to enable Alameda Research to withdraw unlimited funds.
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Back from the dead: Can FTX stage a comeback?
The prospect of FTX’s return to the competitive exchange landscape is being keenly watched by stakeholders, reflecting on its meteoric rise, groundbreaking approach, and tumultuous fall.