FTX Users Could Get 40% of Their Deposits Back, Only if…
According to Messari, FTX users can quickly recover <a href="https://messari.io/report/ftx-s-lack-of-balance-sheet" target="_blank">40-50% </a>of their deposits if they are sorted out first. Using a preliminary FTX balance sheet published by the Financial Times, Messari noted that FTX customers’ deposits total $8.4 billion.
Aussie Treasurer Promises Crypto Regulation Next Year Amid FTX Debacle
The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the <a href="https://cointelegraph.com/news/ftx-and-binance-s-ongoing-saga-everything-that-s-happened-until-now">catastrophic collapse of FTX last week.</a>
Investment Firm Paradigm Still Optimistic About Crypto — Says 'Issues at FTX Are Precisely Ones Defi Can Solve'
Investment firm Paradigm is still optimistic about crypto’s potential following the collapse of FTX. “The blowup of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ones that decentralized finance [defi] can solve through increased transparency and security,” the firm’s co-founder emphasized.
DFPI Moves To Suspend SALT Lending LLC’s License
The DFPI is investigating SALT’s compliance with the laws within the Commissioner’s jurisdiction, including the California Financing Law.
Customers Bancorp Says Bankruptcy of FTX and Its Related Companies Has No Material Impact on the Bank
Customers Bank does not have a deposit relationship with FTX or any related companies and has no loans to any customers in the Digital Asset Banking space.
TEMASEK: We Have Decided To Write Down Our Full Investment in FTX
In view of FTX’s financial position, we have decided to write down our full investment in FTX, irrespective of the outcome of FTX’s bankruptcy protection filing.
Binance Role in FTX Collapse Under Congressional Scrutiny
Binance’s role in the sudden collapse of FTX, an event that sent reverberations around crypto markets, has come under congressional scrutiny, a senior House Republican confirmed to The Block.
CFTC Confirmed Ledgerx Does Not Belong on the List of FTX Bankrupt Subsidiaries
One FTX subsidiary, LedgerX, known as FTX US Derivatives, is notably absent from the bankruptcy filing, CFTC Commissioner Kristin Johnson pointed out, in part thanks to their due diligence in complying with the futures watchdog’s regulatory requirements. In 2017, LedgerX applied to register with the CFTC as a derivatives clearing organization (DCO).
Rich Dad Poor Dad Author Calls Sam Bankman-Fried the 'Bernie Madoff of Crypto'
The author of Rich Dad Poor Dad, Robert Kiyosaki, wrote on Twitter, “WTF: FTX largest donator to Democrats for midterms,” adding:
How the Mooch Helped Push the First Domino in the FTX Crash
Donald Trump’s old press secretary, Anthony Scaramucci, played a fascinating role in the downfall of crypto exchange FTX. But he’s still a believer.
