No red flags at FTX despite 8 months of ‘extensive due diligence’ — Temasek
Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse.
Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse.
The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million.
The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval.
TSM confirmed that it remains “strong, profitable and stable” despite its decision to suspend the sponsorship with FTX.
The former CEO had a wide-ranging interview in which he made a number of startling remarks.
The new CEO of FTX gave a curt statement in response to the series of intermittent tweets by former CEO Sam Bankman-Fried.
People need time to catch up before Jack Dorsey tries to launch the next generation of the internet.
Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit.
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.