Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cry...
Tag: Liquid
FTX Identified Approx. $5.5 Billion of Liquid Assets
FTX Trading Ltd. and its affiliated debtors, announced on January 17th, 2023, that their top level management and advisors met with the members of and advisors to the Official Committee of Unsecured C...
FTX is still in murky waters despite discovering $5.5b of liquid assets
FTX and its advisors have revealed they found about $5.5 billion in liquid assets so far, comprising $1.7 billion of cash, $3.5 billion of crypto assets, and $0.3 billion of securities. Customers may ...
FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate – Bitcoin News
On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level execut...
FTX finds $5.5 billion in liquid assets, still faces ‘substantial shortfall’
Collapsed crypto exchange FTX said Tuesday it has identified $5.5 billion of liquid assets, but said based on current estimates both the international and U.S. based exchange still face a “subst...
FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’
Beleaguered crypto exchange FTX identified $5.5 billion in liquid assets in what CEO John Ray called a “Herculean effort” to assess the firm’s financial situation. FTX debtors have identified $1...
Diva closes $3.5 million seed round for distributed liquid staking protocol
A handful of protocols and exchanges currently dominate the Ethereum staking scene. Diva recently closed a $3.5 million seed round led by A&T Capital to change that, with plans to build out a coop...
What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?
Ethereum is the largest smart contract platform in the industry, and it underwent a major shift by transitioning to a new consensus algorithm in 2022. What is commonly referred to as The Merge saw the...
Shift toward Liquid Staking Derivatives expected after ETH Shanghai upgrade
The Ethereum (ETH) Shanghai upgrade is due to release March, enabling withdrawals from beacon chain and allowing ETH currently staked in ETH 2.0 validators to be unstaked. With over 70% of ETH stakers...
Bitcoin Soars to $19K, Ethereum Liquid Staking Coins Surge, FTX Locates $5B Worth of Assets: Weekly Recap
The past seven days saw the cryptocurrency market explode in terms of price action, and the total market capitalization is currently sitting at around $950 billion, up over $100 billion during this pe...
SFC Restricts Retail Investors to Highly Liquid Digital Assets
Julia Leung Fing-yee announced that the SFC has decided to restrict retail investors to highly liquid digital assets. She was reluctant to give specifications on the digital assets but stressed that t...
Hong Kong to only allow investing in highly liquid virtual assets
Hong Kong’s Securities and Futures Commission (SFC) Chair Julia Leung said the commission will allow retail investors to trade only highly liquid crypto assets, South China Morning Post reported. Earl...
Hong Kong SFC says traders will have highly liquid cryptoassets
Julia Leung Fung-yee, the new CEO of Hong Kong’s Securities and Futures Commission (SFC), has clarified that retail traders in the region will only have access to highly liquid cryptocurrencies to saf...
Hong Kong watchdog aims to restrict retail traders to liquid products
The new licensing program, scheduled to take off in June, will restrict retail traders in Hong Kong to “highly-liquid” digital assets, according to the new CEO of Hong Kong’s Securities and Futures Co...
Bankrupt FTX Has Recouped Over $5 Billion In Liquid Assets—But Still Has Billions More To Go To Meet Liabilities
Topline FTX has recovered more than $5 billion in cash, easily sellable digital assets and other liquid holdings thus far, an attorney for the disgraced crypto exchange said in a Delaware bankruptcy c...
Hong Kong to only allow ‘highly liquid’ cryptocurrencies for retail trading
In an effort to create a regulatory framework for the city, Hong Kong’s Securities and Futures Commission (SFC) announced plans to draft proposals that will allow retail investors access to trade cert...
FTX Lawyers Claim $5 Billion Recovered In “Liquid” Assets
On Wednesday, a counsel for the bankrupt crypto trading venue FTX, founded by Sam Bankman-Fried, stated that the company recovered more than $5 billion. However, the magnitude of consumer losses in it...
FTX locates $5 billion in cash and liquid crypto, contemplates sale
FTX’s new leadership says it has located $5 billion in cash, liquid cryptocurrency and liquid investment securities, two months after the troubled crypto exchange filed for bankruptcy protection...
New FTX Management Has Located Over $5B in Liquid Assets
Key Takeaways The new FTX management has located over $5 billion in liquid assets. These include cash, liquid cryptocurrencies, and liquid investment securities. The sum does not include the $425 mill...
FTX has recovered $5 billion worth of ‘liquid’ assets, lawyers say
John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images FT...
Why Are Liquid Staking Cryptocurrencies Seeing Double-Digit Gains?
Over the last week, liquid staking cryptocurrencies have been seeing a significant upside. All of these tokens have successfully moved into the green territory, recording double-digit gains for their ...
Liquid Staking Platforms Surging Ahead of Ethereum Shanghai Upgrade
Crypto’s newest narrative is liquid staking, as platforms and tokens have been taking off recently. Ethereum will go through the Shanghai upgrade in March, which releases ETH staked on the Beacon Chai...
Liquid Staking Tokens Skyrocket With Lido (LDO) Leading Gains
Liquid staking platforms and their associated tokens are seeing a resurgence this week. Industry leader Lido is leading the pack as its LDO token skyrockets. The newest narrative in the crypto ecosyst...
Ethereum’s Shanghai Upgrade Brings Heat To Liquid Staking Derivatives (LSD) with LDO Seeing 71% Increase In Value
– Advertisement – The Shanghai upgrade of the Ethereum network, set to launch in March, will allow users to withdraw their ether (ETH) from the network. A public test network for the Shang...
Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how
The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming...
Here’s How The Ethereum’s Shanghai Upgrade Enhanced Liquid Staking
The Ethereum community is anticipating the next significant upgrade to the network, called the Shanghai Upgrade, following the Ethereum event known as The Merge that took place last year. What Benefi...
Ethereum Liquid Staking Platforms Will ‘Take Off’ After Shanghai
Ethereum is about to undergo a major upgrade to release staked ETH from the Beacon Chain. This could be good news for liquid staking platforms such as Lido. Ethereum staking has been hugely popular de...
FTX’s Liquid Japan to start returning customer assets in 2023
Liquid Japan to start processing refunds from 2023. The exchange halted withdrawals in November 2022 following FTX’s collapse. Liquid Japan, a Japanese crypto exchange owned by FTX, has revealed its p...
FTX-owned Liquid announces plan to return customer funds
Liquid, a Japanese fintech firm owned by FTX, has released a plan on how the firm will return assets to customers. The return process will be specific to users who have FTX Japan and Liquid Jap...
FTX’s Liquid exchange hopes to return customer assets next year
The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of returning customer assets in 2023. According to the Dec. 29 statement on its blog, the exchange is preparing ...