Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Tag: Companies
Genesis Block HK has more than $50 million stuck on FTX: Source
Genesis Block HK, a crypto over-the-counter (OTC) trading firm based in Hong Kong, has funds stuck in the now-bankrupt crypto exchange FTX, two people with knowledge of the matter told The Block. ...
Ontario Teachers’ Pension Plan to write down $95 million FTX investment to zero
The Ontario Teachers’ Pension Plan (OTPP), one of the most important pension funds in the world, will write down all of its $95 million investment in FTX and FTX US. The OTPP had invested ...
Which companies were affected by the FTX collapse?
While the FTX collapse may have had a severe effect on the broader crypto market, some companies bore the brunt of the impact and were directly hit by the storm that the embattled crypto exchange brou...
COP27: Leading Technology Companies Launch “Ethereum Climate Platform” Initiative to Address Ethereum’s Former Proof of Work Carbon Emissions
Partners include a still growing list of prominent stakeholders from the Web3 ecosystems, as well as civil society leaders. Convened by ConsenSys and climate tech firm Allinfra, this collective will e...
Bahamas seized FTX Digital Markets’ assets on Nov. 12, regulator now says
The Securities Commission of the Bahamas on Nov. 12 transferred FTX Digital Markets’ assets to a digital wallet it controls, the regulator said on Twitter Nov. 17, further complicating a legal s...
The Block: Silvergate CEO sees silver lining for bitcoin: ‘There are always buyers’
Silvergate CEO Alan Lane said that bitcoin stands out from other digital currencies even amid the ongoing turmoil in crypto markets. He pointed, as evidence, to the breakdown of volumes of the S...
Genesis sought emergency loan of $1 billion: WSJ
Genesis sought an emergency loan of $1 billion from investors before telling clients it was suspending redemptions in the wake of the collapse of FTX, The Wall Street Journal reported. Genesis s...
The Block: Bitcoin mining stock report: Thursday, November 17
Bitcoin mining stocks tracked by The Block were mostly down after the close of trading Thursday. The price of bitcoin was about $16,695 at the time of market close, according to TradingView. &#...
JPMorgan Chase, Wells Fargo among potentially exposed FTX parties
FTX has named Kroll Restructuring Administration as its agent as it navigates the federal bankruptcy process and cited dozens of companies and people affected by its collapse, a petition filed by the...
Uruguayan unicorn reports $5.6 million stuck in FTX as damage adds up
Uruguayan payments unicorn DLocal has $5.6 million tied up on FTX, the company said in a filing. “We are not working with any other crypto exchange as banking service, and our exposure to the cr...
Jump Crypto says no plans to shut down, quashing rumors
Jump Crypto said it’s not shutting down. The trading firm, responding with a tweet to social media speculation of its imminent demise, said it wanted to “debunk a few things” ...
Troubled crypto lender Vauld has $10 million stuck on FTX: Source
Troubled Asian crypto lender Vauld has funds stuck in the now-bankrupt crypto exchange FTX, two sources with direct knowledge of the matter told The Block. The exposure is worth around $10 milli...
Nexo had offered BlockFi an $850 million deal to potentially acquire it
Crypto lender Nexo earlier this year made an unsuccessful offer to acquire troubled rival BlockFi as part of a proposed deal worth about $850 million, according to an “indicative investment prop...
Senators Warren, Durbin call on Bankman-Fried for info on FTX’s historical balance sheets
Key Senate Democrats are joining the calls for more disclosure of the historical finances of bankrupt crypto exchange FTX and the cluster of firms that had ties to it and founder Sam Bankman-Fried. &...
Post-FTX Meltdown, Regulation-Abiding Companies Can Restore Trust
What advisors and clients need now from the digital assets space is a trusted partner, someone they can work with. Crypto exchanges will need to diversify their revenue streams to create more stabilit...
FTX bankruptcy filings highlight ‘complete failure of corporate controls’
Fresh FTX bankruptcy filings called out Sam Bankman-Fried and the rest of the failed crypto exchange’s leadership for a “complete failure of corporate controls” and cited the former ...
Inflation Has Meant Good Times For These Five Companies
Three energy companies, a fertilizer firm and a drug maker have all been doing super well while most of the rest of the U.S. grapples with soaring prices. There’s a silver lining to the worst inflatio...
Bankrupt Compute North selling $1.55 million in assets to Crusoe
Bitcoin mining hosting provider Compute North is selling 11 containers for around $1.55 million to Crusoe Energy Systems. The U.S. Bankruptcy Court in the Southern District of Texas, Houston Div...
Temasek writes down $275 million investment in FTX
Temasek, Singapore’s sovereign wealth fund that manages about $300 billion, has written down all of its $275 million investment in FTX and FTX US. Temasek had invested $210 million for a 1...
U.S. prosecutors recommend 12-month probation for former Bitmex executive
U.S. prosecutors have asked a court to sentence Greg Dwyer, Bitmex’s former head of business development, to 12 months of probation for violating the U.S. Bank Secrecy Act. In addition, p...
ASX cancels years-long blockchain settlement and clearing system project
The Australian Securities Exchange (ASX) is dropping a long-in-the-making blockchain-powered replacement for its CHESS settlement and clearing system. The announcement caps a process subject to ...
Sam Bankman-Fried says ‘f*ck regulators’ in wide-ranging interview with Vox
Former FTX CEO Sam Bankman-Fried made a number of eyebrow-raising statements in a wide-ranging interview conducted over Twitter DMs for more than an hour late Tuesday with Vox reporter Kelsey Piper. &...
Nvidia revenue beats estimates, gaming segment also tops expectations
Nvidia’s fiscal third quarter revenue beat analyst estimates while sales from its gaming segment, which includes crypto-related revenue, also topped expectations. The chipmaker posted quar...
TSM drops FTX logos, halts $210 million sponsorship deal
What was at one time the largest deal in the esports industry has been dashed as TSM will pull the plug on a partnership with FTX, the gaming and entertainment platform announced. The partnershi...
Bitget starts operations in Brazil: InfoMoney
Singapore-based crypto exchange Bitget has started operating in Brazil, financial publication InfoMoney reported. Bitget will start enabling deposits in Brazilian reais today, InfoMoney said. T...
Elon Musk will find someone else to run Twitter: WSJ
Billionaire Elon Musk said he will likely find a different executive to run the social media platform he’s owned less than month, according to The Wall Street Journal. “I expect to reduce my ti...
3AC hunted by FTX, Alameda, founder claims. Sam Bankman-Fried disagrees.
Three Arrows Capital co-founder Kyle Davies said that “FTX, Alameda colluded to trade against clients” and “hunted” his company. “As their biggest client, we, 3AC, were hunted ...
Crypto exchange Gemini reports broad outage, says client funds ‘secure’
UPDATE (1:35 p.m. ET): Gemini says its services have been restored following the outage. Gemini’s crypto exchange is offline. The outage is affecting a number of services, including its tr...
OKX exchange plans $100 million market recovery fund
OKX, the world’s second-largest crypto-only exchange by trading volume, said it would support an industry struggling with the collapse of the rival FTX exchange with a $100 million market recove...
Flashbots Company Intelligence
November 16, 2022, 11:26AM EST • 17 min read Quick Take Flashbots was established in 2020 to democratize access to MEV revenue, bring transparency to MEV activity and redistribute MEV revenue Flashbot...