Silvergate Capital: Deposit liabilities repaid in full
Silvergate Capital announced on Wednesday that it has fully repaid all outstanding deposit liabilities and decided to cease operations earlier this year. According to the statement, Silvergate currently has assets of less than $10,000. The bank had previously announced in March that it planned to voluntarily liquidate due to losses incurred from the collapse of the cryptocurrency trading platform FTX.
Court rejects SBF's latest release request
US Second Circuit Court of Appeals rejected the latest release request from FTX's former CEO SBF. He will have to continue to stay in jail and wait for the verdict on March 28th. Court clerk Catherine O'Hagan Wolfe said, "We have reviewed the defendant's appellant's supplemental arguments and found them unpersuasive."
FTX transferred approximately $36 million in assets to the exchange in the past 24 hours
According to Lookonchain monitoring, FTX has transferred approximately $36 million worth of assets to exchanges in the past 24 hours, including depositing 12.6 million MATIC coins (worth approximately $9.4 million) into Coinbase; depositing 10 million MATIC coins (worth approximately $7.45 million) into Binance via FalconX; and depositing 975,000 AVAX coins (worth approximately $19.25 million) into Binance via FalconX.
FTX/Alameda related addresses continued to transfer more than $28 million in tokens 3 hours ago
According to data from Yu Jin, on November 22nd, FTX/Alameda-related addresses continued to transfer more than 28 million US dollars worth of tokens three hours ago, including:
Paidun: FTX address transferred 75 million TRX, of which 25 million were transferred to Binance
On November 21st, according to PeckShieldAlert monitoring by Paiduin, FTX transferred 75 million TRX (approximately 7.6 million US dollars), of which 25 million TRX were transferred to Binance.
Backpack Exchange, launched by the former FTX executive team, has nearly 200,000 USDC and over 220,000 SOL.
According to 21co analyst Tom Wan, Dune Analytics data shows that the USDC in Backpack Exchange, a cryptocurrency company launched by the former FTX management team, has reached nearly 200,000 coins, specifically 199,246 coins at the time of writing. The SOL token has reached 224,659. The total balance of the exchange is $13,805,836.
Paidun: FTX-related addresses transferred 940,000 CVX to Binance, worth about US$1 million
According to PeckShield monitoring, FTX-related addresses transferred 940,000 CVX tokens worth approximately $1 million to Binance.
Bloomberg: The DeFi field is being dominated by top projects, and competitiveness has declined significantly since the collapse of FTX
According to data compiled by crypto risk modeling company Gauntlet, the DeFi sector is still dominated by a few participants and has yet to recover from the FTX collapse a year ago. Most of the funds in the DeFi category are concentrated in a few top projects.
FTX address transferred $7.8 million worth of TRX to Binance
PeckShield monitoring shows that an FTX address transferred $7.8 million worth of TRX to Binance 8 hours ago.
FTX approved to pay legal fees of non-U.S. creditor group
FTX was granted court approval on Wednesday to reimburse over $2 million in legal fees to a group of non-US creditors to assist in negotiating a competitive resolution between FTX customer groups. US Bankruptcy Judge John Dorsey approved FTX's request to pay up to $2 million to a special group of non-US clients to reimburse their legal fees. The group represents 66 large account holders with cryptocurrency deposits exceeding $1 billion on FTX International Cryptocurrency Exchange as part of resolving customer disputes. This amount will cover fees from May 1 to October 31. FTX also agreed to pay them up to $650,000 per month during its remaining bankruptcy period, subject to future court review.
