Crypto News
TOKEN2049 Dubai: 30 Days to Go – On Track to Sell Out Amid Record-Breaking Demand
This content is provided by a sponsor. PRESS RELEASE. Dubai, UAE — April 2nd — This time next month, TOKEN2049 – the world’s largest crypto event – will bring together 15,000 attendees from over 4,000 companies and more than 160 countries in Dubai. With demand for tickets at unprecedented levels, prices will increase ahead ofSource link
New FTX EU Owner Backpack Initiates Customer Claims Process
Crypto trading firm Backpack, which bought the European arm of bankrupt exchange FTX, has begun the process for customers to claim their funds.Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first step of know-your-customer (KYC) verification in a post on X on Tuesday. Step two of the process will be the distribution of funds, though it is unclear when this will occur. Backpack describes this as "coming later" on its FAQ page. Backpack's acquisition of FTX EU was criticized by the bankruptcy estate of the broader entity of FTX.The FTX estate said Backpack had no involvement in the U.S. bankruptcy court-approved process for returning funds and that it did not have authorization to...
Traders Pledging to ‘Boycott Binance’ in Uproar After $3.9 Million Meme Coin Liquidations
Traders are furious at centralized exchange Binance as meme coins crash and millions of dollars of liquidations fire off.Source link
Indian IT Firm Jetking to Raise Funds for Bitcoin Treasury Expansion
Jetking Infotrain Limited, a Mumbai-based IT education firm, announced plans Wednesday to raise ₹6.6 crore ($793,000) through a preferential share issue to expand its bitcoin reserves and fund cryptocurrency-related initiatives, Chief Financial Officer Siddarth Bharwani confirmed. Jetking Doubles Down on Bitcoin With Preferential Share Issue for Crypto Acquisition The board-approved “Strategic Fund Raise” aims toSource link
Tron’s Justin Sun Bailed Out TUSD as Stablecoin’s $456M Reserves Were Stuck in Limbo, Filings Show
Justin Sun bailed out Techteryx's TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid, people close to the matter confirmed, and the stablecoin issuer said in Hong Kong court documents.After acquiring TrueUSD from TrueCoin in December 2020, Techteryx appointed First Digital Trust (FDT), a Hong Kong-based fiduciary, to manage its stablecoin reserves.According to documents prepared by U.S. law firm Cahill Gordon & Reindel, FDT was instructed to invest the reserves in the Aria Commodity Finance Fund (Aria CFF), a Cayman Islands-registered vehicle. However, court filings allege that approximately $456 million was instead improperly diverted into Aria Commodities DMCC, a separate, unauthorized entity based in Dubai.Court documents identify Matthew Brittain as controlling Aria Commodity Finance Fund...