FTX | ForkLog - Part 29

ForkLog 13 21.11.2022

FTX hacker moved 50,000 ETH into Ren Protocol-wrapped Bitcoin

The hacker who stole more than 250,735 ETH (~$235.5 million) from the FTX exchange swapped 50,000 ETH for Ren Protocol's wrapped Bitcoin and connected the assets to a cross-chain bridge for transfer to the mainnet.

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ForkLog 10 21.11.2022

FTX owes $3.1 billion to its 50 largest creditors

FTX, the bitcoin exchange undergoing bankruptcy proceedings, and related entities owe $3.1 billion to their 50 largest creditors, according to court filings.

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ForkLog 6 21.11.2022

Liquid halts trading on Japanese bitcoin exchange

The Japanese bitcoin exchange Liquid, owned by FTX, halted trading five days after withdrawals were paused.

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ForkLog 14 20.11.2022

Brad Garlinghouse: Ripple weighs possible purchase of FTX assets

Ripple will study the possibility of purchasing assets of the FTX cryptocurrency exchange. The company is interested in its enterprise-focused divisions, said CEO Brad Garlinghouse.

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ForkLog 19 19.11.2022

Canadian pension fund writes off $95 million in FTX investments

One of Canada’s largest pension funds—the Ontario Teachers’ Pension Plan (OTPP)—will write off investments in the FTX cryptocurrency exchange and the US arm of the FTX platform, with total losses estimated at $95 million.

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ForkLog 9 19.11.2022

WSJ: Sam Bankman-Fried sold $300 million worth of FTX shares during a 2021 fundraising round

FTX founder Sam Bankman-Fried sold a $300 million stake in the company to buy back Binance-owned shares, according to The Wall Street Journal, citing the exchange's financial documents.

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ForkLog 6 18.11.2022

Lawyer questions the adequacy of FTX investment due diligence

Investors in the bankrupt FTX ignored warning signals embedded directly in the round deck presentations. This conclusion was reached by Simmons & Simmons partner George Morris, The Block reports.

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ForkLog 10 18.11.2022

Jump Crypto refutes rumors of trouble amid FTX collapse

Jump Crypto, the venture arm of Jump Trading Group, has debunked rumours of a shutdown amid the FTX collapse.

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ForkLog 7 18.11.2022

Multicoin forecasts imminent collapse of trading firms amid FTX fallout

The consequences of contagion from the collapse of FTX will manifest in the near term. This is stated in a statement to investors by the venture-capital firm Multicoin Capital, reports CNBC.

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ForkLog 11 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 7 18.11.2022

Bahamas Authorities Seize Assets of FTX Digital Markets

On 12 November the Bahamas Securities Commission transferred all assets of FTX Digital Markets (FDM) to a wallet under its control.

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ForkLog 8 18.11.2022

Binance confirms discussions with regulators over its role in the FTX collapse

Regulators in many countries have sent Binance inquiries regarding its {{AOPEN_1}}collapse of FTX{{ACLOSE_1}} involvement. The Block confirmed this, according to a spokesperson for the cryptocurrency exchange. A company employee refused to provide details, citing the confidentiality of talks with regulators. Earlier, the exchange's staff responded to questions from members of the UK House of Commons. Lawmakers expressed disappointment at the lack of specifics in the responses. According to Bloomberg, the Treasury Committee planned to obtain internal Binance records regarding the {{AOPEN_2}}decision to sell on November 6 the FTT{{ACLOSE_2}}, the utility token of the FTX exchange.

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