FTX Isn't Sure How Much Money It Has or How Many People It Employs, Says New CEO
FTX doesn’t know exactly how much cash it has and still hasn’t produced a complete list of employees, according to a 30-page affidavit from FTX Group CEO John J. Ray on Thursday morning. But Ray has been able to estimate that the now-bankrupt FTX Group, which includes FTX.com, trading desk Alameda Research, and FTX US, has roughly $564 million worth of cash.
Top House Committee to Hold Hearing Into FTX Collapse Next Month
The House Financial Services Committee will hold a hearing into FTX next month, the committee announced Wednesday.
FTX Was Custodian for Majority of Tokens on DeFi Lending Platform Oxygen
DeFi prime brokerage Oxygen said FTX acted as the custodian for the majority of the tokens on its ecosystems, adding that it has sought legal help.
Alameda Allegedly Traded These 18 Tokens on Insider Info Through FTX
Sam Bankman-Fried’s crypto trading firm Alameda Research used insider information to accumulate $60 million in tokens ahead of their eventual listing on FTX, Bankman-Fried’s crypto exchange, according to compliance firm Argus. And now we know which tokens Alameda cashed in on.
Tokens of Alameda-Backed DeFi Projects Maps.me and Oxygen Locked Up at FTX
Maps.me and Oxygen, two decentralized finance (DeFi) projects backed by Sam Bankman-Fried’s beleaguered Alameda Research, <a href="https://oxygenprotocol.medium.com/statement-re-ftx-group-cf3df9f2bf9" target="_blank">said in a statement</a> that over 95% of the overall supply of their ecosystem tokens are custodied at bankrupt crypto exchange FTX.
BlockFi Has ‘Significant Exposure’ to FTX
BlockFi has responded to the controversies surrounding FTX and its reported connection to the embattled cryptocurrency exchange in a recent statement to its users.
Alameda To Exit the Klaytn Governance Council
Alameda Research is no longer a member of the Klaytn Governance Council, effective 12 November 2022.
With Alameda Going Down, We Take A Look at Who Are The Other VCs That Co-invested With Alameda
With Alameda, many other cryptos VCs may go down because they have co-invested with it. Let’s look at some of them one by one.
Kraken Freezes FTX And Alameda Accounts, ‘Maintains Full Reserves’
Kraken has frozen accounts owned by FTX Group, Alameda Research and their executives following their filing for Chapter 11 bankruptcy protection.
DeFi Developers Rushing to Create a New Version of Alameda-Controlled Serum DEX
Sam Bankman-Fried once called Project Serum, an on-chain crypto exchange that he created, the <a href="https://twitter.com/SBF_FTX/status/1287661236599971843?s=20&t=_DZpWIXgOWxmdlMEUL7Jgg">“truly, fully trustless</a>” backbone of decentralized finance (DeFi) on the Solana blockchain.
