Binance CEO Says Luna Collapse “Very Different” From “Ponzi” FTX
The Binance CEO said the FTX management lied about not taking user money, saying it was a sort of a Ponzi scheme. He said all industries go through ups and downs in early phase. All the new industries have successful and failed projects, he explained. On the flip side, CZ said the Terra Luna project was mismanaged similar to the Lehman brothers.
Eight US House Members Attempted to Stop SEC’s Inquiry Into FTX Activities
A total of eight U.S. congress members – four Republicans and four Democrats – had in <a href="https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-bc44-52bef772287e/9B0B9D1CA9B3C215DDC762DF5B0F6864.3.16.22.emmer.sec.letter.pdf" target="_blank">a March letter</a> questioned the SEC’s authority to inquire about cryptocurrency-related projects including FTX. The congress members claimed that SEC’s inquiries in the crypto community could kill American innovations.
Prospects Don’t Look So Hot for FTX’s Invitation-Only Crypto Bahamas Event
Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt conference promoters.
Turkey to Confiscate ‘Suspicious’ Assets Related to FTX: Report
The Financial Crimes Investigation Board of Turkey (MASAK) seeks to seize “suspicious” assets linked to the battered cryptocurrency exchange FTX.
Aragon Project Adds $20 Million in Ether to Treasury for Safety Amid FTX Collapse
The Aragon Project increased the ether (ETH) holdings in its treasury by over $20 million in an attempt to improve its exposure to more censorship-resistant crypto assets.
DeFi Sparks New Investments Despite Turbulent Market: Finance Redefined
The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos blockchain-based DeFi protocol has caught the eyes of investors who have put $10 million behind the project.
Dash 2 Trade Raises $7M, Accelerates Development to Tackle FTX Fallout
<a target="_blank" href="https://dash2trade.com/">Dash 2 Trade</a>, the crypto analytics dashboard and trading strategy portal, has just announced that its D2T token pre-sale will be ending earlier than initially stated thanks to an accelerated development timeline.
UAE’s Crypto Firm Hayvn Plans to Bid SBF’s Payment Business
UAE’s crypto company is considering bidding for FTX’s payment business once the court approves sales.
Breaking: Abu Dhabi-Based Crypto Firm Plans To Acquire FTX, But There’s A Catch
Crypto trading firm Hayvn based in Abu Dhabi, the UAE considering a bid for collapsed FTX’s payments business FTX Pay, the company said on Friday. Hayvn executives consider FTX Pay as a well-suited business, matching the Hayvn Pay infrastructure. Crypto exchange FTX is reportedly planning to sell or reorganize its subsidiaries, including the payments business.
Turkey Seizes FTX Assets in the Country Amid the Ongoing Investigation
Assets belonging to former FTX CEO Sam Bankman-Fried have been seized by the country’s Financial Crimes Investigation Board, locally known as MASAK, following the collapse of his main business.
