Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,040,063,312.62
  • 24h Vol: $52,696,067,307.91
  • BTC Dominance: 56.57%

international exchange

silk-road-hacker-sentenced-to-a-year-in-prison-for-wire-fraud

Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud

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On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace (DNM) in September 2012. DOJ […]

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ftx-debtors-report-$8.9b-shortfall-in-customer-funds-and-‘highly-commingled’-assets-in-latest-presentation

FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation

Leave a Comment / $8.9 billion, $8.9B, Alameda Research, Bankruptcy, Bitcoin, BTC, Category A Assets, Category B Assets, ceo, commingled assets, Crypto Hacked, Cryptocurrency, Cryptocurrency Exchange, Cyber Attack, Digital Assets, ETH, Ethereum, FTT, ftx, international exchange, Market Caps, matic, News, PAXG, preliminary report, Press release, record keeping, shib, shortfall, shortfalls, SOL, Solana, Stablecoin, sweep wallets, trading volumes, UNI, WBTC, WETH / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total assets were found in FTX-related addresses, but only $694 million is considered “Category A Assets,” or liquid cryptocurrencies

FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation Read More »