An FTX lawyer says the exchange expects to fully repay its customers and has abandoned efforts to restart the platform due to a lack of buyers
Its FTT token surged about 11% after the news. — 10 Years of Decentralizing the Future — May 29-31, 2024 - Austin, TexasThe biggest …
FTX's attorneys say the company recovered $7.3B in liquid assets and is considering using creditors' holdings to reopen the exchange; FTX's FTT token jumps 70%+
Cheyenne Ligon / CoinDesk :
FTX's attorneys say the company recovered $7.3B in liquid assets and is considering using creditors' holdings to reopen the exchange; FTX's FTT token jumps 70%+
FTT's price more than doubled. FTX, the cryptocurrency exchange that collapsed spectacularly in November …
A look at Anthony Scaramucci's SkyBridge, which went from $9.2B assets in 2015 to $1.8B in 2022, and the FTX deal for a 30% stake in SkyBridge in September 2022
and snowballed beginning in 2018 after Scaramucci, back from Washington, hired a friend from Harvard Law School who's been behind the money-losing push into crypto. https://www.bloomberg.com/... @prof...
Sources: Sam Bankman-Fried gave some Genesis executives the chance to invest in presale of FTT and Serum at a discount, before the tokens were issued publicly
Financial Times :
Investor letter: Multicoin's hedge fund had a 91.4% loss in 2022; in November, Multicoin revealed an FTT position and that 10% of its assets were stuck on FTX
Investor letter: Multicoin Capital's hedge fund lost 91.4% in 2022; in November it said 10% of assets were stuck on FTX and it had exposure to FTT, SOL, and SRM
The fund's performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.
Solana co-founders Anatoly Yakovenko and Raj Gokal scramble to move past FTX's stain on SOL, down 96% from November 2021; FTX and Alameda bought 58M+ SOL tokens
$50 billion in value wiped from the cryptocurrency in 2022 Mehron Rokhy / The Daily Hodl : Solana and Associated Tokens Down Over 96% From All-Time Highs As SOL Gets Delisted From Crypto Exchange Bren...
In an interview, SBF claims he donated about the same amount to both parties in 2022 but the GOP donations were “dark” money, discusses Alameda, FTT, and more
Sam Bankman-Fried's donations to Democrats are well documented. In an interview released Tuesday …
Research: between 100 and 150 crypto hedge funds, or 25%-40% of all specialized funds, have exposure to FTX or FTT, totaling around $2B
Financial Times :