SBF Wants To Raise Liquidity and Restart Bankrupt FTX
Former FTX’s founder, Sam Bankman-Fried, is attempting to raise liquidity to restart FTX, which has already begun bankruptcy proceedings.
25% to 40% of Crypto Funds Were Exposed to FTX, Says Crypto Fund Research
Crypto funds affected by the FTX collapse have, on average, 7% to 12% of AUM locked on the exchange.
Bnk to the Future Announces Termination of LOI With SALT Blockchain, Inc.
Bnk To The Future has not been impacted from neither SALT nor FTX as Bnk To The Future has no direct or indirect connection with SALT or FTX and all client funds are fully segregated and uninvested.
Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last for a significant amount of time.”
What Happened at Alameda Research
To be clear, we still don’t have a perfect understanding of what exactly happened at Alameda Research and FTX.
FTX Collapse Shows a Need for Crypto Regulation—US Treasury Secretary Yellen
US Treasury Secretary Janet Yellen believes the FTX collapse shows weakness in the crypto industry and a need for regulation.
