U.S. judge rejects FTX lawyers' motion to postpone bankruptcy proceedings
FTX lawyer Lawrence Gebhardt requested a postponement of the bankruptcy proceedings in Delaware because it is still unclear how FTX went bankrupt. Judge John Dorsey rejected the motion, stating that there was no need for delay.
FTX plans to sell $100 million in crypto every week to pay down debt
According to finbold, FTX plans to sell approximately $100 million worth of cryptocurrency each week. As the SEC or other regulatory agencies may intervene, this plan has not yet been confirmed. FTX currently holds approximately 10% of the total supply of SOL, worth over $3.3 billion. In addition, it also holds $742 million worth of BTC, approximately $226 million worth of ETH, approximately $180 million worth of APT, and approximately $143 million worth of XRP.
Paidun: FTX address has transferred 1.19 billion SPELL to Coinbase Prime
On November 14th, according to PeckShield monitoring, FTX address has transferred 1.19 billion SPELL to Coinbase Prime.
FTX deposited $24 million worth of crypto assets to CEX in the past 5 hours
According to Spot On Chain monitoring on November 14th, FTX deposited SOL, MATIC, and ETH worth $24 million to Kraken and OKX in the past 5 hours, including 250,000 SOL (approximately $13.5 million), 82.7 million MATIC (approximately $7.41 million), and 1,500 ETH (approximately $3.1 million).
Pantera Capital: Less than 5% of portfolio team significantly impacted following FTX collapse
Pantera Capital published an article on X platform stating that on the one-year anniversary of FTX's collapse, we want to take some time to reflect on how to deal with this crisis, the impact on investment portfolios, and the lessons learned for the future.
SK Telecom Vice President: If legal risks such as FTX are resolved, the crypto market will see significant growth
SK Telecom's Executive Vice President Oh Sae-hyun predicted in his UDC 2023 keynote speech that the virtual asset market, including Bitcoin, will experience significant growth if legal risks such as the FTX scandal are resolved.
A total of 3.7 million SOL has been transferred out of the FTX cold wallet in the past week, with 253,407 SOL remaining.
According to Lookonchain monitoring, in the past week, FTX cold wallet address has released 3.96 million SOL tokens (equivalent to 230 million US dollars) from pledge, and a total of 3.7 million SOL tokens (equivalent to 215 million US dollars) have been transferred out; currently, there are still 253,407 SOL tokens left (equivalent to 14.75 million US dollars).
Former FTX executive team launches Backpack Exchange
A team of former FTX executives is launching a new cryptocurrency company called Backpack Exchange. The team is led by former FTX general manager Can Sun. Backpack Exchange will use Backpack's technology to allow customers to "self-custody" their funds for added security and to avoid further complexity of customer assets.
Former FTX execs are teaming up to build a new cryptocurrency exchange
Can Sun, the former chief legal advisor of FTX, is joining forces with some former FTX executives to establish a new cryptocurrency exchange aimed at solving the problems that led to the bankruptcy of their former employer. Can Sun testified in the criminal trial of Sam Bankman-Fried and was a key witness in the SBF trial. (Wall Street Journal)
Former FTX General Counsel to Launch New Cryptocurrency Exchange
Some former FTX executives, including Can Sun, former general counsel of FTX, are joining forces to establish a new cryptocurrency exchange aimed at solving the problems that led to the bankruptcy of their former employer. Can Sun testified in the criminal trial of Sam Bankman-Fried and was a key witness in the SBF trial.
