Crypto hedge fund Galois Capital is reportedly shutting down and refunding money to investors after being caught in the high-profile implosion of FTX. According to the Financial Times, Galois Capital ...
Tag: Collapse
Trading on major exchanges spiked following collapse of Terra, FTX: BIS report
A report from the Bank for International Settlements (BIS) suggests that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs. In a F...
Galois Capital shuts shop due to the FTX collapse
Galois Capital, which happens to be a crypto hedge fund, has been compelled to finally shut shop, following the incurring of a substantial amount of loss due to the FTX collapse. The money that happen...
Crypto Hedge Fund Galois Capital Is Latest Victim of FTX Collapse
As per reports, Galois Capital has nearly $100 million worth of funds stuck with the crypto exchange FTX. The contagion of FTX’s collapse last year in November 2022 continues to spread across the cryp...
Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar – Economics Bitcoin News
Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively...
Hedge fund Galois Capital shuts down after FTX collapse
Galois Capital, a hedge fund that was one of the companies that lost money when FTX went bankrupt, has decided not to continue operating after seeing fifty percent of its holdings get stuck in the fai...
Galois Capital shuts down in aftermath of FTX collapse
Galois Capital has moved to shut down its hedge fund operations following a $40 million loss resulting from the FTX collapse, according to the Financial Times (FT). The U.S.-based hedge fund managed a...
Samsung, Hynix Pain Deepens as Price Collapse Echoes 2008 Crisis
(Bloomberg) — The memory chip industry is going through a historic decline in demand, with two of the worst quarterly drops on record at the end of last year. Most Read from Bloomberg The averag...
Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint
A complaint filed by the United States Securities and Exchange Commission said Terra co-founder Do Kwon and Terraform Labs laundered more than $100 million worth of Bitcoin from the platform following...
Do Kwon Accused of Withdrawing Bitcoin Worth $100 Million After Terra Collapse
The collapse of the Terra/Luna stablecoin ecosystem resulted in investors losing almost $40 billion, causing a significant and ongoing market decline. However, recent developments suggest that the fou...
Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SEC
Join the most important conversation in crypto and web3! Secure your seat today The U.S. Securities and Exchange Commission accused stablecoin issuer Terraform Labs and its founder, Do Kwon, of transf...
Jump Trading Is The Unnamed Firm That Made $1.28 Billion Before Terra’s Collapse
– Advertisement – Recent reports have identified Jump Trading as the unnamed firm that made $1.28 billion from Terra. The SEC’s complaint against Do Kown and Terraform Labs revealed that ...
SEC charges Do Kwon with fraud in connection with Terra collapse
Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company’s office in Seoul, South Korea, April 14, 2022. Woohae Cho | Bloomberg | Getty Images The Securities and Exchang...
Senate Banking Committee Sees More Storm Clouds After FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage The Senate Banking Committee held a largely quiet affair on Tuesday with a panel of professors well-versed in financial regulatio...
SEC charges Terraform and Do Kwon post Terra collapse
Policy • February 16, 2023, 5:01PM EST The Securities and Exchange Commission charged Terraform Labs and its CEO Do Hyeong Kwon over its algorithmic stablecoin Terra USD, which collapsed dramatically ...
Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse – Defi Bitcoin News
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of ...
Bankruptcy Judge Rejects New Investigation into FTX Collapse
A bankruptcy judge on Wednesday rejected calls for a new, independent investigation into the collapse of FTX. Reuters reports that Judge John Dorsey of the United States Bankruptcy Court for the Distr...
Can you trust crypto exchanges after the collapse of FTX? – Cointelegraph Magazine
On Oct. 25, 2022 — about two weeks before the collapse of the world’s third-largest cryptocurrency exchange, FTX — prominent DeFi architect Andre Cronje published a foreboding article with a chilling ...
XRP Trades On The Verge Of A Bearish Rally! XRP Price To Witness A Sharp Collapse Near This Level
The recent turmoil due to SEC’s tightening scrutiny on crypto and bearish CPI data release has sent shockwaves to the altcoin market. XRP is no exception to this ongoing trend, as it faces sharp rejec...
Here’s How Darknet Markets Scrambled for Users After Hydra’s Collapse: Report
Blockchain analytics firm Chainalysis has published a new report detailing the dynamics of darknet markets and fraud shops after the former giant Hydra Market collapsed due to joint actions from autho...
Cathie Wood’s Ark Invest fills Coinbase bag amid fear-driven price collapse
Ark Invest added a massive 139,105 Coinbase shares (worth $7,941,504.45) to its portfolio on Friday, alongside a substantial purchase of 263,504 Robinhood shares (worth $2,629,769.92). News of t...
Fears from The FTX Collapse Now Coming Down said Hut 8 CEO
Leverton said the merger will also provide opportunities for diversification, both in terms of geography and revenue streams. The collapse of FTX and crypto turmoil did not affect the merger of Hut 8 ...
Super Bowl Bans Crypto Commercials Following FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage Super Bowl, one of the year’s biggest games, will not feature any crypto commercials this year. The Super Bowl has banned all cry...
Post FTX Collapse, How TradFi Investors Are Rethinking Crypto
This group’s confidence was not shaken by the crypto-related events of the 2022 “pullback” of bitcoin (BTC), ether (ETH), and other coins, the crypto credit crisis or the ensuing con...
NFL Ditches Crypto Sponsorships Thanks To FTX’s Collapse
The National Football League (NFL) have avoided crypto sponsorships for the upcoming Super Bowl LVII. The league ditched crypto sponsors due to the collapse of FTX and the turmoil that followed. The u...
Crypto ad deals for Super Bowl LVII fell apart after FTX collapse: Report
Fans watching the Kansas City Chiefs face off against the Philadelphia Eagles in Super Bowl LVII on Feb. 12 will reportedly not see a plethora of ad spots for cryptocurrency companies, as they did in ...
The Collapse Of The Legal System In Afghanistan
In January 2023, United Nations reported on the dire situation of lawyers, judges, prosecutors and other actors involved with the legal system in Afghanistan, over a year after the Taliban takeover of...
Huobi monetizes FTX collapse with opaque debt token
Listen to this article. Huobi has announced that it’s listing the ‘FTX User Debt’ (FUD) token issued by the ‘DebtDAO.’ This is despite the lack of many basic details that would help explain its functi...
Silvergate has been responsible amid crypto collapse, says Microstrategy CEO
Join Our Telegram channel to stay up to date on breaking news coverage Michael Saylor, the founder of Microstrategy and a major Bitcoin enthusiast, recently commented on the state of the crypto indust...
FTX Collapse and Other Crypto Scandals of 2022 Will Benefit Bitcoin (BTC), Says Michael Saylor – Here’s Why
MicroStrategy founder Michael Saylor says the crypto scandals and bankruptcies of 2022 will benefit Bitcoin (BTC) in the long run. In a new fourth quarter MicroStrategy earnings call, the Bitcoin bull...