SBF from FTX cryptocurrency exchange has announced that it is ready to buy 30-percent of SkyBridge Capital’s stake. This was announced that FTX would be paying $40M dollars for this 30-percent stake. SkyBridge Capital currently manages $2.7B worth of client…

Rumors are brewing that Binance may not be coming to rescue FTX cryptocurrency exchange and its users. Poor books are to be blamed. This could be the black swan event in cryptocurrency space. Nobody is going to take bills of liabilities as loan sharks are…

Backpack, the company behind cryptocurrency wallet and crypto exchange has announced it has acquired FTX EU and its MiFID II license. Immediately after the announcement, Backpack has promised to return all customer EURO funds on behalf of the FTX estate.…

In a filing in US bankruptcy court for District of Delaware, now-defunct FTX exchange has canceled claims of nearly 400,000 claims. Clearly, that’s a staggering number of claims canceled. We wonder how many people missed the KYC deadline without realizing…