FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Binance-Controlled Korean Exchange GOPAX Stops Trading, Makes Users Email to Withdraw Crypto
Customers of GOPAX, a Korean exchange whose operator Streami is majority-owned by Binance, can now get crypto out only by emailing...
South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korean cryptocurre...
Aave’s Risk Manager Wants a Borrowing Speed Limit After Binance Hackers Took $44.6 Million
LlamaRisk, the risk manager for lending protocol Aave, is going to put a throttle on how much can be borrowed on Aave over certain...
Nigeria Erects Strict Stablecoin Wall, Demanding $11M Local Subsidiaries for US Dollar Tokens
Nigeria has adopted regulations for non-security virtual assets that make it one of the most restrictive stablecoin market-access...
Binance, Deribit Kill SignalPlus API Keys After $82K Social Engineering Breach
Key Takeaways: Binance and Deribit removed all the API keys associated with SignalPlus. The losses haven’t exceeded $82,000, Signa...
Rule to Allow Crypto in 401(k)s Arrives at White House for Final Review
Bitcoin Magazine Rule to Allow Crypto in 401(k)s Arrives at White House for Final Review A final DOL rule that would ease alternat...