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FTX
Prominent Crypto Market Maker B2C2 Offers to Buy Loans From Genesis' Crypto-Lending Unit
Market maker B2C2 is offering to buy loans from the crypto-lending unit of Genesis, as it pauses redemptions and new loan originations in the wake of FTX’s collapse. Genesis is a sister company of CoinDesk. B2C2 founder Max Boonen discusses the offer, lessons learned, and outlook for the crypto markets as the FTX fallout continues to ripple across the industry.
Binance’s Lack of Transparency on FTX Bid Could Influence UK Lawmakers' Crypto Recommendations: Report
Treasury Committee member Alison Thewliss said Binance's submissions on its role in the collapse of rival crypto exchange FTX were not detailed enough.
‘Proof of Reserves’ Emerges as a Favored Way to Prevent Another FTX
Several exchanges, including Binance, have announced plans to use the auditing technique to reassure customers.
Bahamas May Have Directed 'Unauthorized' FTX Transactions, Filing Says
The exchange says it has credible evidence the Bahamas directed unauthorized access to its systems after it filed for bankruptcy in the U.S.
Post-FTX Meltdown, Regulation-Abiding Companies Can Restore Trust
Adhering to stringent guidelines is less flashy, but will ensure safety and reduce risk.
New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure
The company concealed the misuse of corporate funds, including buying property in the Bahamas for staff, John Ray said.
Crypto Will Soon Threaten Global Financial Stability, FSB Official Says
In the wake of FTX’s demise, Steven Maijoor, chair of the Financial Stability Board’s crypto working group, urged authorities worldwide to move beyond sectoral boundaries and agree on global norms for the industry.
Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings
Court-appointed liquidators in the Bahamas are seeking to halt asset sales while the complex enterprise is wound up.
Binance to Relaunch Bid for Bankrupt Crypto Lender Voyager: Source
The previous Voyager sale saw FTX emerge as the “white knight,” beating out Binance.
Temasek Says Its FTX Investment Is Now Worth Zero
The Singaporean investment fund said it conducted 8 months of due diligence on FTX in 2021 before buying a 1% stake in the exchange.
