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ForkLog 10 18.11.2022

Genesis Global Capital sought emergency financing of $1 billion, reports say

The OTC platform Genesis Global Capital requested access to a $1 billion credit line by the morning of November 14, citing liquidity shortages. The Wall Street Journal reports, citing informed sources.

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ForkLog 5 18.11.2022

Solana-based Metaplex NFT marketplace cuts staff amid FTX collapse

The NFT protocol development studio Metaplex, from the Solana ecosystem, laid off an undisclosed number of employees due to worsening market conditions, according to co-founder and CEO Stephen Hess.

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ForkLog 10 18.11.2022

Investor describes Sam Bankman-Fried’s ‘catastrophic’ risk appetite

Serious concerns about the methods of operation of the founder of the failed FTX exchange Sam Bankman-Fried emerged even before the platform's founding. CNBC told Hack VC managing partner Alexander Pack.

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ForkLog 12 17.11.2022

B2C2 plans to acquire Genesis Global Capital loan portfolio

The cryptocurrency OTC platform B2C2 plans to acquire a loan portfolio worth about $2.8 billion from the financially distressed rival Genesis Trading.

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ForkLog 16 16.11.2022

Genesis Global Capital suspends crypto-lending operations

The cryptocurrency OTC platform Genesis Trading froze withdrawals and new loan origination amid heightened withdrawal requests from clients after the FTX collapse.

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ForkLog 9 15.11.2022

Media: Amazon to lay off a record 10,000 employees

Amazon will cut 10,000 people, about 3% of its corporate staff and 1% of its global workforce, according to informed sources cited by The New York Times.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 7 11.11.2022

B2C2 crypto OTC platform appoints new chief executive

Phillip Gillespie has stepped down as CEO of the OTC platform B2C2. Nicola White has taken the post.

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ForkLog 5 11.11.2022

FTX loses Future Fund team and head of institutional sales

The FTX institutional sales desk had no knowledge of the cryptocurrency exchange's potential insolvency during the current week. This was stated by Zane Tackett, the team's head, The Block reports citing his letter to clients.

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ForkLog 8 11.11.2022

Coinbase cuts more than 60 jobs

The American bitcoin exchange Coinbase has laid off more than 60 employees, continuing to streamline its staff amid a market downturn. CoinDesk, citing a company spokesperson, reports.

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ForkLog 8 11.11.2022

Bahamas Regulator Freezes FTX Assets

The Securities Commission of The Bahamas has frozen the assets of FTX Digital Markets (FDM) and affiliated entities, and suspended the company's license in The Bahamas.

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ForkLog 13 10.11.2022

Bloomberg and WSJ report an $8 billion hole in FTX balance sheet

The founder and CEO of FTX, Sam Bankman-Fried, told investors that without additional capital the exchange would be forced to declare bankruptcy. Bloomberg reports.

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ForkLog 5 09.11.2022

Meta to cut more than 11,000 jobs in restructuring

Meta will cut more than 11,000 people (13% of the workforce) as part of a restructuring of its organisational structure. Mark Zuckerberg addressed employees in an open letter.

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