Bitcoin, Ether flat; altcoins drop amid FTX liquidation
Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.
Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.
A U.S. bankruptcy court in Delaware approved failed crypto exchange FTX’s motion to sell its crypto assets at a court hearing on Wednesday.
Bitcoin rose on Wednesday morning in Asia to near US$26,000. Ether also bounced back to near US$1,600. All other top 10 non-stablecoin tokens logged gains.
Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.
FTX cryptocurrency exchange has filed a lawsuit against LayerZero Labs to recover $21.37 million allegedly withdrawn from the exchange illegally.
Salame pleaded guilty Thursday in New York to two criminal charges related to the collapse of the FTX cryptocurrency exchange last November.
Sam Bankman-Fried’s lawyers can visit him in jail on a daily basis, a U.S. district court ruled on Wednesday, while FTX’s new CEO wants to sell its crypto.
Despite the outrage against Sam Bankman-Fried and the now-bankrupt exchange, everyone would be better off with a relaunched FTX 2.0, writes Rachel Lin, CEO of SynFutures.
The FTX founder faces charges of wire fraud, securities fraud, commodities fraud and money laundering related to the exchange’s collapse in November.
Sam Bankman-Fried, founder of the collapsed crypto exchange FTX, was jailed Friday and his bail revoked ahead of his trial for fraud scheduled for October 2.