Crypto Fund Galois Capital Has Half of Its Capital Trapped on FTX
According to co-founder Kevin Zhou, the locked funds total around $40 million.
According to co-founder Kevin Zhou, the locked funds total around $40 million.
Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence.
The exchange’s public wallets hold just over $52,000, data shows.
The contract between FTX and Miami-Dade County says FTX must pay the County three years of fees in the event of default.
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The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours.
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More than $380 million in crypto left FTX and FTX US wallets late Friday.
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If you want to better understand exactly how big a deal it is that the cryptocurrency exchange FTX just imploded, you could do worse than talk with David Pakman, an entrepreneur turned venture capitalist. After logging 14 years with the investment firm Venrock, Pakman — who led Venrock’s investment in the digital collectibles company Dapper … Read more
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Miami-Dade County terminated its relationship with the exchange.
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NFT Steez chats with Worldwide Webb founder Thomas Webb to discuss the future impact of interoperability in Web3 and the Metaverse.
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