U.S. Recovered Assets Worth Nearly $700M Tied With Sam Bankman-Fried and FTX

U.S. Recovered Assets Worth Nearly $700M Tied With Sam Bankman-Fried and FTX

FTX had long been touted as a leader in the crypto asset marketplace, but its financial future is now murky at best. A shocking revelation came to light in a court filing on Friday; United States prosecutors have captured an astounding $700 million worth of assets connected with the bankrupt crypto exchange FTX and its founder, Sam Bankman-Fried. Furthermore, it …

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Crypto Lender Genesis may Declare for Bankruptcy this Week

Bankrupt Genesis Reveals List of Creditors

According to the bankruptcy filing of defunct cryptocurrency broker Genesis, the crypto exchange Gemini came in first place with a disputed debt of over $765.9 million. More than $3.6 billion in debt to its biggest creditors was disclosed in the statement issued in the Southern District of New York. About fifty percent of the debtors were anonymous. A company called …

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The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate

The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate

After rising to new levels, holders can now breathe a bit easier as Bitcoin enjoys a level of support not seen before, and it’s not just the upswing that’s causing the excitement.  The first glimmers of good news are finally here—evidenced by several upward-trending trading figures. Investors have translated this positivity to the stock market, admittedly not as enthusiastically as …

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Coinbase to Wind up its Operations in Japan 

Coinbase to Wind up its Operations in Japan 

The cryptocurrency exchange Coinbase has had a difficult month as it has decided to discontinue all of its operations in Japan after experiencing a steady decline with no solution in sight. This comes after a similar action by Kraken, another cryptocurrency exchange. Whatever the cause, this is surely devastating news for crypto investors in Japan. When one exchange decides to …

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