“In 2021, Sam Bankman-Fried extended the lockup period for his employees’ SRM holdings, sparking debate about the ethos of decentralization in crypto markets. This controversial move coincided with the rise and fall of the SRM token, further leaving the crypto community questioning the control in decentralized markets, and the tricky balance between regulation and restrictive control.”
Search Results for: SRM
FTX Cryptocurrency Exchange: The Fallout, Resolution and Future Bound by Bankruptcy and Cybersecurity
FTX exchange has reopened its customer claims portal, after a cybersecurity breach in August. The exchange, now bankrupt, allows users to claim for their digital assets held prior to November 2022. FTX reports assets of around $7 billion, which include Bitcoin and lesser-known tokens. The shocking revelation involves 36,075 filed customer claims, amounting to an appalling $16 billion.
The Billion-Dollar Storm: Unraveling FTX’s Bankruptcy and Potential Market Impacts
Former crypto exchange FTX, currently holding around $7 billion in assets including Solana (SOL) tokens and Bitcoin, is facing major legal and financial issues. Despite controversy and potential large-scale liquidation, the company seeks to ensure creditors’ dues are paid, possibly mitigating the impact of a mass sell-off.
Bitcoin Depot’s NASDAQ Debut: A Rising Star or a Risky Gamble? On Crypto ATMs and Market Amalgamations
Bitcoin Depot, the world’s largest crypto ATM operator, saw its shares double after its NASDAQ debut following an $885 million SPAC deal. The firm became the first crypto ATM operator to list on a major US stock market, reflecting a growing acceptance of cryptocurrency. ATMs serve as an easy way for users to buy and transfer crypto, despite a rising trend in fraudulent activity.