Bitcoin News
Will Genesis meet its maker amid creditors closing in?
Top blockchain and crypto news: Genesis bankruptcy begins. FTX chief ponders a reboot. China’s CBDC gets a smart-contract upgrade.
Forkast.News
Lens
FTX
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Altcoins
Genesis’s trading arm moving funds on blockchain, bankrupt units reveal extent of liabilities
According to on-chain data, the trading arm of bankrupt crypto lending firm Genesis is still moving funds around on the blockchain.
Lachlan Keller
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Regulation
FTX chief John Ray mulls resurrection of collapsed crypto exchange
FTX is exploring options to revive its bankrupt international cryptocurrency exchange, FTX.com, CEO John Ray told the Wall Street Journal.
Danny Park
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Altcoins
Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy
Crypto brokerage firm Genesis Global Capital filed for Chapter 11 bankruptcy on Thursday in the Southern District of New York.
Danny Park
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Altcoins
Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators’ claim of recovered assets
Founder and former chief executive of FTX U.S., Sam Bankman-Fried, has rejected claims by the company’s current leadership made in a presentation on Tuesday that the team has only recovered US$181 million worth of funds from the exchange.
Lachlan Keller
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Bitcoin News
FTX says US$415 mln in crypto hacked since bankruptcy filing
Bankrupt crypto exchange FTX told creditors that it lost around US$415 million worth of cryptocurrencies to hacks since it filed for bankruptcy.
Danny Park
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Crypto Trading and Strategies
Monex Group expresses interest in bidding in upcoming sale of FTX Japan: Bloomberg
Tokyo-based online brokerage Monex Group Inc. indicated it may join the bidding for the Japan subsidiary of the failed FTX cryptocurrency exchange.
Danny Park
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Altcoins
Alameda liquidators get liquidated while consolidating funds on DeFi lending platform Aave
Alameda Research liquidators were liquidated for US$72,000 from an on-chain position on decentralized finance (DeFi) lending platform Aave while trying to consolidate funds
Zoltan Vardai
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Regulation
Why is it harder to arrest Terra-Luna founder Do Kwon than FTX’s Sam Bankman-Fried?
South Korea’s attempts to extradite the founder of the collapsed Terra-Luna stablecoin will remain hamstrung while the courts in Seoul dispute the charges against him.
Danny Park
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Altcoins
Crypto.com announces 20% cut in headcount, cites post-FTX market conditions
Crypto.com will lay off 20% of its workforce, its co-founder and chief executive officer Kris Marszalek said Friday in a Twitter post.
Danny Park
