The former crypto magnate was also ordered to forfeit over $11 billion, following his conviction on seven counts of fraud and conspiracy tied to the collapse of FTX in 2022.
Browsing: FTX
Read More
FTX originally purchased the stake as part of Mysten’s $300 million Series B fundraise, which was announced in September 2022.
FTX Debtors today provided information concerning crypto seizure by the Securities Commission of The Bahamas. FTX said in a statement, “On November 12, 2022, after the…
XBO is holding all assets of their users 1:1 in segregated accounts through its collaboration with Fireblocks
“If everybody withdrew their funds from the centralized exchange, we’ll just shut down the centralized exchange. We have many other profitable businesses. So it’s fine,” states Binance CEO Changpeng Zhao.
“We are more committed than ever to supporting the Web3 ecosystem in these difficult times,” states DWF Labs Managing Partner, Andrei Grachev.
Binance, the biggest cryptocurrency exchange in the world, will buy rival FTX business FTX.com. Read Also: Crypto Exchange FTX Secures $420M, Now Valued At $25 Billion
“Japan is a highly regulated market with a potential market size of almost $1 trillion when it comes to cryptocurrency trading,” states FTX Japan Interim CEO, Sam Bankman-Fried.
This new funding brings the total raise of FTX till date to $1.42 billion. The crypto startup intends to use the fund to expand into new domains, and improve its current product portfolios.