The Impacts Of FTX Collapse – The Series Of Business Termination | Part 2

LayerZero, Miami-Dade County, and GameStop have terminated their business relationship with FTX in the past few weeks after FTX collapses. Beside that, California’s Department of Financial Protection Investigates (DFPI) released a consumer alert on the exchange after the Department of Justice (DOJ) and Exchange Commission (SEC) had allegedly looked into FTX.

Voyager Claims No Assets Transferred To FTX

According to the announcement of the bankrupt crypto company Voyager, due to the incomplete acquisition of FTX, none of the company’s assets have been transferred to FTX. For more specific information, you can read the article below:

https://news.coincu.com/141441-ftx-exchange-settles-16m-withdrawals/

Bitget Interested In Some Good Projects Of FTX And Alameda

Bitget recently expressed an interest in some of the good projects in the portfolio of FTX and Alameda and wants to help the company through a difficult period. For more specific information, you can read the article below:

https://news.coincu.com/141534-bitget-interested-ftx-and-alameda/

Billionaire Daniel Loeb Disputes Reports That He Might Save FTX

American billionaire investor Daniel S. Loeb has denied being involved in discussions about a bailout for the troubled FTX exchange in a tweet. For more specific information, you can read the article below:

https://news.coincu.com/141571-daniel-loeb-disputes-reports-save-ftx/

LayerZero Completely Cuts Ties With FTX

LayerZero, which was invested by FTX-Alameda in March 2022, announced that it had acquired all ownership of shares, tokens, and asset security certificates, completely cutting ties with Sam Bankman- Fried. For more specific information, you can read the article below:

https://news.coincu.com/141573-layerzero-completely-cuts-ties-with-ftx/

California Regulator Published FTX Consumer Alert

Following the news that the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are allegedly looking into FTX, California’s Department of Financial Protection Investigates (DFPI) has released a consumer alert on the exchange. For more specific information, you can read the article below:

https://news.coincu.com/141692-california-published-ftx-consumer-alert/

Pantera Capital Insignificant Exposure With The FTX Crisis

According to a letter from Pantera Capital partner Paul Veradittakit, the crypto investment firm has little exposure to the defunct FTX exchange despite having a diverse portfolio. For more specific information, you can read the article below:

https://news.coincu.com/141695-pantera-insignificant-exposure-with-ftx/

New FTX CEO John J. Ray III Was Charged By SEC With Insider Trading

While the news of FTX’s bankruptcy receives a negative reaction from the cryptocurrency market, it is now up to the new FTX CEO John J. Ray III, to perform. The new CEO allegedly engaged in registered insider trading, according to SEC claims that were disclosed. For more specific information, you can read the article below:

https://news.coincu.com/141725-john-j-ray-iii-was-charged-by-sec/

Star Atlas Founder Says Project Cash Will Be Cut In Half After FTX Collapse

The founder of Star Atlas has posted an announcement that the project’s cash will be cut in half due to his large exposure to bankrupt crypto company FTX. For more specific information, you can read the article below:

https://news.coincu.com/141817-star-atlas-project-cash-cut-in-half/

Animoca Brands Says Limited Exposure For FTX

Key financial information from Animoca Brands’ balance sheet was made public, showing some exposure to Sam Bankman-Fried’s defunct exchange. For more specific information, you can read the article below:

https://news.coincu.com/141819-animoca-brands-limited-exposure-ftx/

Miami-Dade County To Terminate Business Relationships With FTX

Just hours after the troubled cryptocurrency exchange filed for bankruptcy, Miami-Dade County announced that it would end its business relationship with FTX and remove the company’s name from the renowned arena, home of the NBA’s Miami Heat. For more specific information, you can read the article below:

https://news.coincu.com/141834-miami-dade-county-terminate-with-ftx/

Justin Sun Confirms Huobi Global Is Not Related To FTX

Justin Sun, the founder of TRON and a member of the advisory board of Huobi Global, has stated that Huobi, Poloniex and USDD have no investments in FTX, as well as any funds and user assets exceeding 100% of the margin. For more specific information, you can read the article below:

https://news.coincu.com/141918-justin-sun-confirms-huobi-not-related-ftx/

GameStop Refunds To Users And Terminates Its Partnership With FTX.US

Video game retailer GameStop (GME) plans to end its pilot gift card marketing partnership with FTX.US after the crypto exchange filed for bankruptcy protection. For more specific information, you can read the article below:

https://news.coincu.com/142032-gamestop-refunds-to-users/

You may refer to the next part of the summary to see more about what happened with FTX and its surrounding entities:

• Summarize The Impacts Of FTX Collapse | Part 1
• Summarize The Impacts Of FTX Collapse | Part 3
• Summarize The Impacts Of FTX Collapse | Part 4

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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