FTX to divest Digital Custody to CoinList at major loss

Bankrupt crypto exchange FTX has filed legal papers proposing the sale of its subsidiary, Digital Custody, to CoinList for $500,000.

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Sam Bankman-Fried and the spectacular collapse of FTX: Here's a rundown

SBF was accused of misappropriating customer funds in FTX's custody. Experts noted that the chances of SBF's conviction were high. Once seen as the face of cryptocurrencies, disgraced entrepThe post Sam Bankman-Fried and the spectacular collapse of FTX: Here's a rundown appeared first on AMBCrypto.

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Sam Bankman-Fried Jailed Ahead of Trial

FTX founder Sam Bankman-Fried has been remanded into custody ahead of his October trial on multiple financial crime charges after a federal judge revoked his release on bond.

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Not All Crypto Custody Is Created Equal: Crypto Long & Short

FTX, Celsius and BlockFi gave the industry a fresh perspective on custodial fundamentals.

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No More FTXs! Consensus 2023 Attendees Discuss Future of Crypto Custody

FTX's collapse reignites the self-custody debate with Consensus 2023 attendees in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.

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Regime change as Bitcoin returns to self-custody

Quick Take The FTX collapse demonstrated the need to self custody your crypto, a trend that CryptoSlate has monitored for quite some time. The post Regime change as Bitcoin returns to self-custody appeared first on CryptoSlate.

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FTX creditors list, BlockFi $1.2B exposure and new Celsius token: Hodler’s Digest, Jan. 22-28

FTX will be the subject of a U.S. Senate hearing, authorities take HashFlare founders into custody and New York finalizes its PoW ban.

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Bahamas seized $3.5 billion from FTX to ‘protect customers’

The Bahamas Securities Commission has announced it took custody of over $3. 5 billion worth of FTX deposits. According to a press release the BSC published on Thursday, the regulator moved to seize the assets on 12 November, just a day after the cryptocurrency exchange filed for bankruptcy.

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Regulators in the Bahamas Are Holding $3.5 Billion in FTX Customer Assets

Concerns over the security of assets in FTX custody prompted the Bahamian regulator to step in, a statement says.

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FTX Founder Sam Bankman Fried Will Enter Plea Over Fraud Case

Per a Reuters report, the founder and former CEO of FTX, Sam Bankman Fried (SBF), reached a deal with U. S. authorities. Following his extradition from the Bahamas, SBF was granted bail and allowed to go into the custody of his parents in Palo Alto, California.

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Former SEC Chair Discusses SBF’s Options To Avoid Life In Prison

The founder and former CEO of failed crypto exchange FTX, Sam Bankman-Fried (SBF), stirred controversy one more time. Following his extradition from the Bahamas to the United States, the crypto company founder was released into the custody of his parents.

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Caroline Ellison And Gary Wang – SBF’s Top Wingmen At FTX – Plead Guilty To Fraud

The FTX rigmarole continues and this time, two top executives of the disgraced crypto empire have emerged from silence and are now in the custody of the U.S. authorities. If proven guilty of their misdeeds, the three masterminds of one of the biggest crypto exchanges in the world face a total of 275 years in […]

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FTX: Caroline Ellison and Gary Wang join hands with prosecutors

Sam Bankman-Fried's journey back to the United States has begun on shaky grounds. The former FTX CEO - currently in the FBI's custody - would be touching down in New York soon. And, things seem to be The post FTX: Caroline Ellison and Gary Wang join hands with prosecutors appeared first on AMBCrypto.

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Sam Bankman-Fried to be extradited to the US

The former FTX CEO, currently held in custody in the Bahamas, will be extradited to the United States, where he faces multiple criminal charges. According to WSJ, the judge in the Bahamas has just approved SBF’s extradition to the US.…

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How Crypto Exchanges Can Be Free of Risk

Crypto marketplaces such as FTX have caused huge losses to users because of the lack of full custody coverage. These issues stem from the way current electronic markets were simply designed as copies of open outcry and paper-based markets – and also, ironically, from the fact that all the major crypto markets were built in a centralized manner.

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FTX creditors seek priority payout for $1.6B locked in custody wallets

A group of FTX customers seeking priority repayment of roughly $1. 6 billion locked in their custody wallet on the bankrupt FTX exchange, the Financial Times reported. The post FTX creditors seek priority payout for $1.

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Sam Bankman-Fried wants to see indictment before extradition to US: Report

Authorities in the Bahamas have had the former FTX CEO in custody since Dec. 12, shortly before he was denied bail.

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From A Penthouse To No Bed: FTX Founder Sent to Prison Unfit for Humanity

The co-founder and former CEO at failed crypto exchange FTX, Sam Bankman-Fried (SBF), was taken into custody by Bahamian authorities. According to recent reports, SBF was taken to one of the worst prisons in the world, called Fox Hill.

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FTX reportedly gets 3 more months to stop all operations in Japan

Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors.

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Ethereum and Tether flow to exchanges while bitcoiners opt for self custody

Ethereum (ETH) and Tether (USDT) keep getting deposited onto centralized exchanges, while Bitcoin (BTC) holders seem to be taking matters into their own hands following the fall of FTX. Data provided by on-chain analytics service Glassnode shows that $66.6 million…

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BitGo to take custody of FTX assets in bankruptcy procedure

Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. The post BitGo to take custody of FTX assets in bankruptcy procedure appeared first on CryptoSlate.

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FTX ordered to pay reimbursement fees to Bahamian regulators

The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12.

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USDC, USDT, BUSD supply outside of exchange spikes, but is this a good sign?

The outflow of stablecoins from exchanges has been on the rise in the wake of the FTX saga. Users appear to be taking custody of their assets, which might have a negative effect on exchanges ifThe post USDC, USDT, BUSD supply outside of exchange spikes, but is this a good sign? appeared first on AMBCrypto.

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Congress’s Failure to Pass Regulation Caused FTX’s Debacle, Asserts Crypto-Friendly Senator

US Senator Pat Toomey has blamed FTX’s collapse on the lack of clear regulations. Speaking during the Financial Regulators Hearing on November 15, the legislator took aim at the US Congress, suggesting that if the house had passed regulations on custody for the industry earlier, the FTX implosion could have been avoided. “It certainly appears […]

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Exclusive: Nexo’s Taskova on wallet launch: “clients can choose level of centralisation and decentralisation they wish”

It’s been a chaotic week in the cryptocurrency space, with yet another centralised firm – this time FTX – going under. Against this backdrop, the all-important issue of custody of assets has been thrown into the limelight.

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Days After The Tumble — Here’s How Other Exchanges Reacted To FTX’s Collapse

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All Custodial Crypto Exchanges Should Adopt Proof-of-Reserve Programs, but Even That Isn’t Enough

After last week’s FTX debacle, customers who don’t wish to take custody into their own hands should demand far better from their service providers. Crypto Long & Short is CoinDesk's weekly newsletter featuring insights, news and analysis for the professional investor.

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Sam Bankman-Fried “Set Off My Bullshit Detector”: Elon Musk

Musk urged crypto users to take custody of their assets during the discussion. Musk Comments on FTX Saga The worlds richest man has weighed in on the FTX crisis. Musk...

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In the Wake of the FTX Collapse, What Is the Future of Custodians in Crypto?

The recent collapse of FTX has highlighted the inherent conflict of interest when exchanges act as both market makers and custodians. But as Finoa co-founder Henrik Gebbing explains, there are better custody options.

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FTX US applies for trust charter in New York

Crypto exchanges Coinbase and BitGo have previously received trust charters from New York's financial regulator, allowing the firms to offer crypto custody services.

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Prime Trust Hires Secret Service Veteran to Head Regulatory Affairs

The crypto custody and infrastructure firm counts Binance.US and FTX among its clients.

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Биржа деривативов FTX выбрала Coinbase для хранения токенов на $270 млн

Биржа криптовалютных деривативов FTX выбрала кастодиальное подразделение Coinbase для хранения собственных токенов FTT. Coinbase Custody International is excited to have been selected by FTX as their primary 3rd party custodian, including the storage of their $FTT exchange token.

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Coinbase Custody International selected by FTX to be Primary Custodian

Learn about working at Coinbase: https://www.coinbase.com/careers - Medium

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