According to insider sources, BlockFi has retained legal counsel to review a potential Chapter 11 bankruptcy filing in the latest crypto news. The company has sought help from Binance and is considering layoffs.
Withdrawals Suspended After FTX Collapse
Last week, all...
In the latest crypto news, U.S. prosecutors in New York are looking into last week's FTX's collapse, which occurred after the cryptocurrency exchange filed for bankruptcy last week in response to a surge in customer withdrawals.
Officials Call For Investigation...
In the latest crypto news, Tether began freezing FTX's USDT at the request of law enforcement authorities during an investigation.
According to on-chain data, an unknown address with a balance of 46,360,701 USDT was frozen. The wallet was later confirmed...
In the latest crypto news, Binance has backed out of its plans to acquire FTX. On Wednesday, the company announced that it would pull out of the deal to acquire its rival, who is facing insolvency. Binance, the world's...
In the aftermath of the solvency crisis that engulfed cryptocurrency exchange, FTX and related hedge fund Alameda Research, some of the largest cryptocurrency companies are facing calls for transparency to inform users of any risks. On the other hand,...
