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The global crypto market cap is $1.05 trillion with a 24-hour volume of $16.57 billion. The price of Bitcoin is $26,508.27 and BTC market dominance is 49.0%. The price of Ethereum is $1,625.91 and ETH market dominance is 18.5%. The best performing cryptoasset sector is eCommerce, which gained 12%.
The exchange stated that no critical systems were compromised in the cyberattack, which targeted its designated bankruptcy claims agent, Kroll.
Cover art/illustration via CryptoSlate
Defunct cryptocurrency exchange FTX announced the reopening of its customer claims portal, which was abruptly shut down due to a cybersecurity attack that compromised non-sensitive data.
The exchange stated that no critical systems were compromised in the cyberattack, which targeted its designated bankruptcy claims agent Kroll. The breach reportedly revealed non-sensitive data of certain claimants, but the exchange emphasized that crucial details like account passwords and funds remain secure.
As an immediate response to the Kroll security incident, FTX temporarily suspended account activities. Despite the portal’s suspension, affected users were provided an alternative to submit their claims, either via Kroll’s online form or through conventional mail.
The exchange added that it has rolled out further precautionary measures to ensure the safety of its users.
FTX’s official announcement on X (previously known as Twitter) clarified that individuals who held accounts not just with FTX but also with its associated platforms like FTX US, Blockfolio, FTX EU, FTX Japan, and Liquid, can now access their accounts and initiate the claims process for their digital assets.
Based on the data shared in the bankruptcy proceedings, a staggering $16 billion worth of claims from about 36,075 customers have been registered against FTX and FTX US — with only 10% of the claims confirmed for settlements.
Additionally, FTX is facing non-customer claims amounting to $65 billion from entities including Genesis, Celsius, and Voyager.
In a separate but related development, FTX has received approval from the United States Bankruptcy Court for the District of Delaware to liquidate its digital assets.
Judge John Dorsey sanctioned FTX’s request to conduct weekly asset sales under strict regulations via an investment adviser. The sales kick off with an initial cap of $50 million, which doubles for the subsequent weeks.
However, notable assets like Bitcoin and Ether, alongside particular insider-associated tokens, have not been greenlit for sale. Any intention to sell these assets demands a special resolution by FTX, which should be preceded by a 10-day notice to the related committees and the U.S. trustee.
AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.
CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
The next launch attempt could took place as early Sept. 22 or as late as Sept. 28.
Users have complained about being unable to withdraw their assets from JPEX or having to pay exorbitant withdrawal fee of up to 999 USDT.
How one crypto investor’s $1 million loss sparked a conversation on accountability.
The SEC called filings related to various ETFs inadequate in June.
The average transaction fee on the Bitcoin network was less than $3.
Bankruptcy court to review FTX’s asset liquidation plan amid Chapter 11 proceedings.
The former FTX CEO’s lawyers argue that the government is overwhelming their client without allowing him the ability to adequately prepare his case.
The SEC called filings related to various ETFs inadequate in June.
A whistleblower who “worked with Worldcoin” released a video on Aug. 23 cutting ties with the project and warning of substantial red flags.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
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