FTX's Miami Heat Sponsorship Deal Terminated by Bankruptcy Judge
FTX paid $135 million to sponsor the NBA team's arena in 2021, but both sides have been trying to cancel the deal since the crypto exchange went bust.
Source: businessinsider.com
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Crypto Contagion Deepens: Coinbase To Lay Off About 950 Employees
Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since
Source: ibtimes.com
SBF's Ex-Roommate Nishad Singh Wants to Cut Deal With FTX Probe: Report
Nishad Singh is trying to cut a deal for limited immunity in exchange for information about his former roommate's political donations, according to a Bloomberg report.
Source: businessinsider.com
BlockFi Reveals CEO Cashed Out Around $10M From The Platform After A $400M FTX Loan
BlockFi was one of the many companies that took out a loan from FTX and filed for bankruptcy in November shortly after the then second-largest crypto exchange platform collapsed.
Source: ibtimes.com
Binance Withdrawals: Customers Pull $12 Billion in 2 Months, Report Says
CEO Changpeng Zhao has previously downplayed high levels of withdrawals since FTX's collapse as "business as usual".
Source: businessinsider.com