Author: e_cash_top

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[ad_1] The general counsel of FTX US, Ryne Miller, has released a statement from John J. Ray III, Chief Restructuring Officer and now-appointed CEO of FTX related to “unauthorized” access to FTX funds. 1/ Statement from John Ray, Chief Restructuring Officer and CEO of @FTX_Official — Consistent with their obligations as Chapter 11 Debtors-in-Possession, FTX…

Galois Capital admits over 50% of its capital was locked up in FTX

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[ad_1] In a discussion between CoinDesk and the Galois Capital co-founder, Kevin Zho, it was explained that a total of an estimated $40 million in funds are locked up in FTX at this time. The crypto hedge fund Galois Capital had earlier this year gained some renown for predicting the Terra crash — whose stablecoin…

FTX hacker identity discovered by Kraken Exchange team

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[ad_1] Nick Percoco, the CSO of Kraken Exchange, tweeted just an hour ago in response to Mario Nawfal that the Kraken team now knows the identity of the user that hacked FTX. We know the identity of the user. — Nick Percoco (@c7five) November 12, 2022 Founder and CEO of IBCgroup.io, Mario Nawfal tweeted explaining…

Was FTX hacked? Deep dive reveals “backdoor” built into accounting software

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in Uncategorized

[ad_1] Late on Friday evening, it has since been confirmed that a total of around $10 billion was moved from FTX to Alameda Research by FTX founder Sam Bankman-Fried (SBF). Speculation of a hack steadily appeared after several abnormal wallet transactions were highlighted, indicating that between $1-2 billion in client funds were unaccounted for. When…

Ethereum becomes most deflationary in history as activity spikes amid FTX collapse

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[ad_1] Ethereum became the most deflationary in its history, as the annual supply dipped below zero for the first time since the Merge. According to Ultrasound Money, the annual inflation rate has fallen to -0.032/year, which indicates that the network is now burning more Ethereum than its minting. The negative inflation rate has decreased Ethereum’s…

Web3 World of Tanks inspired game Hit Factor aims for Esports adoption – SlateCast #29

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[ad_1] Readers collect books; each book represents the time invested in reading it and the journey of experiencing a different reality. Likewise, games represent the same for gaming professionals or even enthusiasts. To passionate gamers, each gaming object — whether a collectible card or just a CD — represents memories of a time they enjoyed…

Kucoin CEO addresses rumours surrounding FTX, FTT exposure

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[ad_1] Kucoin CEO, Johnny Lyu, has explained in a number of tweets today that Kucoin has been transparent with its users since day one of building the hybrid centralized/decentralized cryptocurrency exchange. From day 1 of building KuCoin, we have been transparent to our users. The overview of some of KuCoin’s hot and cold wallet addresses…

SkyBridge founder plans to buy back 30% stake FTX, appeals to SBF to come clean

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[ad_1] SkyBridge Capital founder Anthony Scaramucci told CNBC on Friday that the company is trying to buy back the stake FTX had acquired in the alternative investment firm. “We’re in a worse position because of the fact that we made the decision to have Sam join the cap table at SkyBridge,” Scaramucci said. “There’s no question…

Realized Bitcoin losses spike as Grayscale GBTC trades at less than $10k BTC equivalent

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in Uncategorized

[ad_1] Bitcoin investors have locked in the fourth-largest spike in realized losses in 2022 during the current market downturn. Over $1 billion dollars has been locked in since Nov. 9 as investors panic sells amid high market uncertainty. Realized losses spike A myriad of factors has played into the situation with the core driver being…

Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers

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