BitFlyer plans to acquire FTX Japan for billions of yen, aiming to reposition it as a digital asset management firm for institutional investors. FTX's restructuring involves selling subsidiaries to repay creditors, with ongoing disputes over cash versus crypto repayments.
ZeZhengFTX wins court approval for Anthropic stake sale, advancing customer reimbursement efforts.
Xu LinIn a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.
Cheng YuanReport Provides High-Level Overview of Control Failures by Previous Management Team Across Critical Functions
OthersExperts have suggested the digital fingerprints left by the alleged hacker points to an inside job.
OthersThe now-bankrupt crypto exchange FTX reached the late stages of negotiating a sponsorship deal worth more than $100 million with Taylor Swift.
decryptKirkland & Ellis Partner Joshua Sussberg announced the figure during BlockFi’s first bankruptcy hearing.
OthersHodlnaut held bitcoin, ethereum and stablecoins on FTX before withdrawals were frozen.
CoindeskThe largest stablecoin issuer said it had to comply with law enforcement.
Crypto PotatoBoth the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January.
Cointelegraph