2021-11-17 19:00 |
Twelve venture capital firms and three angel investors have joined in to fund the DeFi protocol.
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At the time of bankruptcy, FTX faced a shortfall of $8 billion owed to its customers.
These funds seemed to be sent to wallets of crypto exchange Binance as per Nansen data, where they presumably could be sold.
Lax security practices seemed to be a feature of the former crypto trading titan.
The creditors committee said in a court filing that BlockFi was pressing a “false case narrative” by portraying itself as a victim, and more blame should be placed on its management.
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500,000 would be a 39,900% return on its initial investment.
Researchers at Nansen concluded that at least 86% of all FTT tokens were initially controlled by Alameda or FTX.
ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations.