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FTX intends to fully repay customers but not restart the exchange

FTX intends to fully repay customers but not restart the exchange

Crypto Exchanges The United States Bankruptcy Court for the District of Delaware on January 31, FTX’s legal team, led by attorney Andy Dietderich from Sullivan and Cromwell, asserted that the defunct cryptocurrency exchange’s restructuring plans do not involve a “reboot” of the company. Instead, the primary focus lies on fully repaying customers. Dietderich cautiously expressed

Binance Surges in 2023 Despite U.S. Regulatory Hurdles

Binance Surges in 2023 Despite U.S. Regulatory Hurdles

Crypto Exchanges Binance, the world’s leading cryptocurrency exchange, showcased substantial progress across multiple fronts in 2023, with only one U.S. regulatory entity continuing its pursuit. Emphasizing positive developments in its year-end report, Binance celebrated noteworthy achievements.The exchange experienced a remarkable 30% surge in user numbers, surpassing 170 million customers. Facilitating an 18% increase in trades

FTX & Alameda research moved out $10.8M to major crypto exchanges

FTX & Alameda research moved out $10.8M to major crypto exchanges

Crypto Exchanges The most recent transaction involving defunct crypto trading entities associated with FTX and Alameda Research has attracted attention due to its intricate nature. A total of $10.8 million was transferred across eight different tokens, namely StepN (GMT), Uniswap (UNI), Synapse (SYN), Klaytn (KLAY), Fantom (FTM), Shiba Inu (SHIB), Arbitrum (ARB), and Optimism (OP).