Creditors have begun receiving funds from the estate of bankrupt crypto exchange FTX, on-chain data shows. According to a new post on the social media platform X, blockchain analytics firm Arkham spotted the distributions going through Bitgo and US-based crypto exchange Kraken. “FTX USERS RECEIVING FUNDS Users with FTX claims of under $50,000 have started […]
The post $1,200,000,000 in Crypto Sent to FTX Creditors Through Kraken and Bitgo: Arkham appeared first on The Daily Hodl.
President Donald Trump has reportedly traded prisoners with Russia, freeing the former owner of a crypto exchange for American teacher Marc Fogel. According to a new report by The New York Post, anonymous White House officials say Trump has swapped Russian prisoner Alexander Vinnik – who was convicted of money laundering through the crypto exchange […]
The post President Trump Does Prisoner Swap With Russia, Freeing Crypto Exchange Owner With American Teacher: Report appeared first on The Daily Hodl.
A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a […]
The post Judge Refuses To Dismiss Coinbase Class Action Lawsuit, Says Exchange Must Face Complaint in New York: Report appeared first on The Daily Hodl.
The world’s second-largest crypto exchange by trading volume is re-entering the Indian market after securing mandatory registration with regulators and paying a $1 million fine. Last month, Dubai-based exchange Bybit announced a temporary suspension in India, preventing users in the country from opening trades or accessing products on its platform and only allowing withdrawal transactions. […]
The post Crypto Exchange Giant Bybit Shells Out $1,000,000 Penalty to Regulators To Resume Operations in India appeared first on The Daily Hodl.
US-based crypto exchange platform Gemini is reportedly mulling over pursuing an initial public offering (IPO) in 2025. According to a new report by Bloomberg, anonymous people familiar with the matter say the billionaire Winklevoss twins’ crypto firm is considering launching an IPO sometime this year. An IPO is when a company sells shares of its […]
The post US-Based Crypto Exchange Gemini Considering IPO Launch Later This Year: Report appeared first on The Daily Hodl.
A rival of top altcoin Ethereum (ETH) is seeing a rise in price after abruptly gaining support from Binance, the world’s largest crypto exchange platform by volume. In a new announcement, Binance says it will be adding support for Berachain (BERA), an Ethereum Virtual Machine (EVM)-identical layer-1 blockchain that uses a proof-of-liquidity (PoL) consensus mechanism. […]
The post New Ethereum (ETH) Rival Berachain (BERA) Awakens Following Shock Binance Listing appeared first on The Daily Hodl.
Top US-based crypto exchange Coinbase is purchasing on-chain advertisement platform Spindl in line with its mission to onboard one billion users. According to a new blog post, Coinbase says it has acquired Spindl to blow up the popularity of crypto developers. “As we talk with builders every day, a consistent theme stands out: builders want […]
The post Coinbase Purchases On-Chain Ads Platform Spindl in Move To Send Builders Viral appeared first on The Daily Hodl.
Indian crypto exchange WazirX has just secured the approval of the Singapore High Court to convene with its users in a bid to address debts and recover following a costly cyberattack last year. In July, the North Korean Lazarus group hacked WazirX and stole more than $230 million worth of assets, the massive loss prompted […]
The post Singapore Court Approves Next Step in Crypto Exchange WazirX’s Repayment Process After Massive $230,000,000 Hack appeared first on The Daily Hodl.
A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.
Update 11:00 am UTC: This article has been updated to include quotes from Philipp Zentner.
FTX is preparing to distribute more than $1.2 billion in repayments to the bankrupt former cryptocurrency exchange’s users.
FTX, once the world’s second-largest centralized cryptocurrency exchange (CEX), is set to begin repaying users who have been unable to access their funds for over two years.
Backpack Exchange, a crypto trading platform founded by former FTX and Alameda Research employees, is acquiring FTX EU for $32 million. According to a new announcement from the European-based crypto exchange and wallet Backpack, the exchange has bought out the European arm of FTX. “Backpack has acquired FTX EU and its MiFID (Markets in Financial […]
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