Paidun: FTX-related addresses transferred 940,000 CVX to Binance, worth about US$1 million
According to PeckShield monitoring, FTX-related addresses transferred 940,000 CVX tokens worth approximately $1 million to Binance.
Bloomberg: The DeFi field is being dominated by top projects, and competitiveness has declined significantly since the collapse of FTX
According to data compiled by crypto risk modeling company Gauntlet, the DeFi sector is still dominated by a few participants and has yet to recover from the FTX collapse a year ago. Most of the funds in the DeFi category are concentrated in a few top projects.
FTX address transferred $7.8 million worth of TRX to Binance
PeckShield monitoring shows that an FTX address transferred $7.8 million worth of TRX to Binance 8 hours ago.
FTX approved to pay legal fees of non-U.S. creditor group
FTX was granted court approval on Wednesday to reimburse over $2 million in legal fees to a group of non-US creditors to assist in negotiating a competitive resolution between FTX customer groups. US Bankruptcy Judge John Dorsey approved FTX's request to pay up to $2 million to a special group of non-US clients to reimburse their legal fees. The group represents 66 large account holders with cryptocurrency deposits exceeding $1 billion on FTX International Cryptocurrency Exchange as part of resolving customer disputes. This amount will cover fees from May 1 to October 31. FTX also agreed to pay them up to $650,000 per month during its remaining bankruptcy period, subject to future court review.
U.S. judge rejects FTX lawyers' motion to postpone bankruptcy proceedings
FTX lawyer Lawrence Gebhardt requested a postponement of the bankruptcy proceedings in Delaware because it is still unclear how FTX went bankrupt. Judge John Dorsey rejected the motion, stating that there was no need for delay.
FTX plans to sell $100 million in crypto every week to pay down debt
According to finbold, FTX plans to sell approximately $100 million worth of cryptocurrency each week. As the SEC or other regulatory agencies may intervene, this plan has not yet been confirmed. FTX currently holds approximately 10% of the total supply of SOL, worth over $3.3 billion. In addition, it also holds $742 million worth of BTC, approximately $226 million worth of ETH, approximately $180 million worth of APT, and approximately $143 million worth of XRP.
Paidun: FTX address has transferred 1.19 billion SPELL to Coinbase Prime
On November 14th, according to PeckShield monitoring, FTX address has transferred 1.19 billion SPELL to Coinbase Prime.
FTX deposited $24 million worth of crypto assets to CEX in the past 5 hours
According to Spot On Chain monitoring on November 14th, FTX deposited SOL, MATIC, and ETH worth $24 million to Kraken and OKX in the past 5 hours, including 250,000 SOL (approximately $13.5 million), 82.7 million MATIC (approximately $7.41 million), and 1,500 ETH (approximately $3.1 million).
Pantera Capital: Less than 5% of portfolio team significantly impacted following FTX collapse
Pantera Capital published an article on X platform stating that on the one-year anniversary of FTX's collapse, we want to take some time to reflect on how to deal with this crisis, the impact on investment portfolios, and the lessons learned for the future.
SK Telecom Vice President: If legal risks such as FTX are resolved, the crypto market will see significant growth
SK Telecom's Executive Vice President Oh Sae-hyun predicted in his UDC 2023 keynote speech that the virtual asset market, including Bitcoin, will experience significant growth if legal risks such as the FTX scandal are resolved.
