Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,381,224,398,063.35
  • 24h Vol: $52,770,214,924.85
  • BTC Dominance: 56.62%

PAXG

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 »

paxos-receives-wells-notice-from-sec,-nydfs-orders-issuer-to-stop-minting-busd

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

Leave a Comment / $16.1 billion, $492 million, $898.16 million, 5 billion, 9, alleged violations, Binance, Binance USD, Bitcoin, BUSD, circulating supply, Crypto Hacked, Cryptocurrency, enforcement action, Ethereum, financial institution, founded, investor protection laws, ItBit, limited-purpose trust charter, Market Capitalization, monitor, News, NYDFS, PAXG, Paxos, Paxos Trust Company, probe, redemptions, SEC, securities regulator, situation, Stablecoin, stablecoin issuers, Supply, technology company, unregistered security, USDP, wells notice, year-to-date statistics / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD and it was ending its

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