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FTX, the collapsed cryptocurrency exchange, has recently announced plans to repay its customers and creditors. Rumours are starting to gather pace that the payments will begin as early as the first week of October. Full Repayment PLUS Interest. FTX...
Remember my post yesterday? I warned you guys – the next FTX is brewing in DeFi. Didn't expect it to happen THIS fast, though. Jump Crypto's ETH dump sent shockwaves, and DeFi is next in line for a beating. The big lending platforms like Aave are esp...
Remember the FTX meltdown? It was a harsh reminder that even "legit" crypto can be a house of cards. But here's the thing: FTX was centralized. Everyone breathed a sigh of relief, thinking "true" crypto (aka DeFi) was safe. But have scammers taken no...
FTX has settled its dispute with the Internal Revenue Service over its $24 billion in unpaid taxes, and can now focus on refunds A new stage in the FTX bankruptcy process According to Bloomberg, the FTX exchange, in the midst of its bankruptcy...
looking better than a year ago. The woeful crypto winter filled with scams (FTX, Luna) and high-profile bankruptcies (BlockFi, Celsius) generated a long list of losers, from people who lost money to people who lost their face to the high-ranking exe...
I recently read another intriguing blog post from Binance about Cristiano Ronaldo. It seems he's deeply involved with them. Hopefully, Binance will never crash like FTX. Otherwise, he might have the same issues as the celebrities involved in FTX's d...
Dispute among creditors over FTX's compensation plan FTX has proposed to sell assets, and pay creditors 118% of the then token value. This plan has divided lenders into two groups. Objection: FTX creditors' representative Sunil Kavuri, ci...
We all ignored the huge red flags associated with SBF because 'he looked smart' and 'he made a lot of money.' Then it turned out that he was dumb as rocks, was a sociopath, and was just stealing our money. These words from Emin Gün Sirer echo loudl...
Like most Bitcoin enthusiasts, I've been keeping tabs on when the next Bitcoin halving will occur. The history of Bitcoin suggests big moves as was seen in the previous halving. Remember in late 2019 when Bitcoin shot up to almost $20,000, then cont...
Okay, admit it. When you saw "Binance Charity Partners With Children of Heroes Foundation to Support War-Affected Children in Ukraine”, your first thought wasn't Mother Teresa. Crypto and charity haven't exactly held hands in the past. Let's be real,...
