On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of wri...
Tag: 3.1B
DeFi Platform Maker DAO Takes Swift Action to Address $3.1B USDC Risk with Emergency Proposal
The crypto market has again met with another stablecoin collapse after UST as investors are rushing to withdraw their funds. Circle, the issuer of USD Coin (USDC), today announced that it faced challe...
Maker DAO files emergency proposal addressing 3.1B USDC exposure
According to a forum post from Maker DAO, issuer of the U.S. dollar-pegged DAI stablecoin, on Mar. 11, the firm requested an “urgent executive proposal to mitigate risks to the protocol.” ...
Top 50 FTX Creditors Owed $3.1B, Crypto Daily TV 22/11/2022
In Todays Headline TV CryptoDaily News: FTX owes its top 50 creditors a huge amount Bankrupt crypto exchange FTX owes its 50 biggest creditors nearly $3.1 billion, according to a court filing. The exc...
FTX owes nearly $3.1B to creditors, lawyers warn about “Enormous Exercise”
Investors are curious as to when they will get their money from the now-defunct cryptocurrency exchange FTX. Unfortunately, insolvency attorneys have cautioned that it might take “decades.” The crypto...
FTX Owes Its Largest Creditor $226M; Top 50 Owed Total of About $3.1B
“The Top 50 List is based on the Debtors’ currently available creditor information, including customer information that was able to be viewed but is not otherwise accessible at this time,” the documen...
Ripple Founder Jed McCaleb Pocketed $3.1B in ‘Mind Blowing’ Gains From XRP Sales
Ripple Labs co-founder Jed McCaleb realized at least $3.14 billion in gains from the sale of 5.7 billion XRP tokens over the last eight years, according to crypto tracking tool Whale Alert. McCaleb so...