The most recent news regarding FTX states that Nishad Singh, a former director at the company, was found to be involved in a scheme to mislead FTX investors along with SBF, as an active participant.
According to recent reports, following the cryptocurrency crash of 2022, Binance, the largest exchange for cryptocurrencies in the world, transferred user assets.
According to Galois Capital, they don't think FTX can continue operating, especially when considering its impact.
FTX Japan, the Japanese division of FTX.com, has begun the process of moving customer funds out of its collapsed platform. The move comes after the company launched beta testing for a balance transfer process for a randomly selected group of customer accounts.
FTX has issued subpoenas to Sam Bankman-Fried, the former CEO of FTX, as well as his family and previous executives of both FTX and Alameda, requesting them to provide documents this week.
SBF allegedly used a Signal communication to influence FTX executive Ryne Miller.
The watchdog allegedly asked various financial businesses to explain why they chose to become FTX customers.
The announcement comes after weeks of claims from both parties.
In 2022, cryptocurrency nearly imploded. But there are lots of reasons to be optimistic.
Solana worked in 2022 to improve security, mobile compatibility, and performance. It intends to enable concurrent block production in 2023.
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