FTX in Debt: Crypto Exchange Owing $3.1 Billion to Top 50 Creditors

Troy Hilpert

Bitcoin & Crypto

0 mins

Nov 23, 2022 01:35

The crypto exchange FTX owes around $3.1 billion to its top 50 creditors.

Managers are attempting to map out FTX's complex structure, in this exhibit from court filings. — As FTX's managers attempt to map out its complex structure in court filings, it is clear that the company is facing some challenges. However, it is also clear that the company is committed to finding solutions and moving forward.

The manufacturer of Bitcoin ATMs has agreed to reimburse customers who were affected by the security breach that occurred on a particular day.

Bitcoin & Crypto

General Bytes has taken action since the hack happened, such as offering to pay its cloud-based customers back and putting in place new safety protocols.

Binance CEO CZ has denied any claims that the company has been manipulating the market.

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This answer is in response to the assertions that were presented by the CFTC in its lawsuit filed against Binance on March 27.

Bitcoin is introducing zero-knowledge proofs, which will completely transform the way network state validation is done.

Bitcoin & Crypto

Proofs that do not require any knowledge have allowed Ethereum layer 2s to advance - and these are now being implemented into Bitcoin.

It has been reported that Do Kwon established a business in Serbia for only one dollar, despite being under an Interpol red notice.

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It has been said that the executive of Terraform Labs created a company called "Codokoj22 d.o.o. Beograd" based in Serbia, and its primary purpose is to offer advisory services.

Public employees are now encouraged to save more money for retirement beyond their normal pension plans.

Governments at the state and local level are still offering reliable retirement benefits, but both workers and employers must be aware that a "new retirement standard" is developing which will necessitate additional savings of approximately four to[...]