Business | ForkLog

ForkLog 18 29.07.2022

Babel Finance loses over $280 million trading client funds

The crypto-financial services provider Babel Finance reported losses exceeding $280 million as a result of ill-advised trading decisions with client funds. The figures are presented in the restructuring proposal, The Block reports.

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ForkLog 9 28.07.2022

Zipmex, the Thai cryptocurrency exchange, seeks court protection from creditors

The Thai cryptocurrency exchange Zipmex has filed for court protection from creditors in Singapore. The moratorium will automatically take effect for 30 days, under Singaporean law.

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ForkLog 16 27.07.2022

Media reports layoffs at Immutable, the NFT-game developer

The gaming NFT studio Immutable has cut its staff by more than 20 employees, The Block reports.

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ForkLog 8 27.07.2022

Celsius to hire former CFO as adviser for bankruptcy proceedings

The cryptocurrency lending platform Celsius Network has filed a petition to appoint former chief financial officer Rod Bolger as an advisor for the bankruptcy proceedings.

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ForkLog 13 24.07.2022

Zipmex reports talks to rescue its business

The Thai cryptocurrency exchange Zipmex has received an offer for a deal under which an unnamed third party would help the company rescue its business.

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ForkLog 15 22.07.2022

Zipmex cryptocurrency exchange partially resumes withdrawals

The Thai cryptocurrency exchange Zipmex has opened withdrawals from its Trade Wallet.

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ForkLog 42 22.07.2022

Three Arrows Capital Co-founders Explain Hedge Fund Collapse as Overconfidence

The founders of Three Arrows Capital, Su Zhu and Kyle Davies, in an interview with Bloomberg described overconfidence born of years of a bull market as the primary cause of the collapse of the liquidated hedge fund.

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ForkLog 23 21.07.2022

Blockchain.com trims a quarter of its workforce

The cryptocurrency exchange and wallet operator Blockchain.com laid off about 150 employees (roughly 25% of its workforce) and reduced the salaries of top executives. Company representatives told CoinDesk.

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ForkLog 9 21.07.2022

Zipmex to partially resume withdrawals

Thai cryptocurrency exchange Zipmex said it was ready to resume partial deposits and withdrawals from 18:00 (GMT+7) on 21 July. Trading will remain unavailable until further notice.

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ForkLog 12 21.07.2022

SkyBridge plans to launch fund to invest in Web3 startups, reports say

Founded by Anthony Scaramucci, SkyBridge Capital will launch a venture fund focused on Web3 and the crypto industry. It targets developing startups and late-stage companies, according to Business Insider citing informed sources.

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ForkLog 16 21.07.2022

Bloomberg: FTX in talks to raise more funds

The cryptocurrency exchange FTX is expected to be valued at $32 billion following a potential funding round, according to Bloomberg, citing people familiar with the matter.

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ForkLog 34 20.07.2022

Media: Vauld crypto-lending platform owes $402 million to creditors

The outstanding debt of the Vauld crypto-lending platform after operations were halted stood at $402 million. Such estimates are contained in documents for a Singapore court, obtained by The Block.

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