Bitcoin24h $92,657.77+2.40%

Ethereum24h $3,158.03+2.30%

XRP24h $2.09+1.64%

BNB24h $911.05+1.53%

Solana24h $143.25+2.53%

TRON24h $0.2990+0.53%

Dogecoin24h $0.1412+3.64%

Cardano24h $0.4001+3.58%

Monero24h $675.60+19.03%

Bitcoin Cash24h $613.31-0.99%

Alameda bought this obscure OTC desk to handle FTX banking

HiveEx, an over-the-counter trading desk, was purchased by Alameda Research in 2020 and then used to accept deposits for FTX.

Opinion: FTX fall stresses centralization vs decentralization debate

While decentralization is one of crypto’s main tenets, it’s likely that more centralization could have stopped the fall of crypto giant FTX.

The bank is also facing a drastic drop in revenue after the White House once again froze student loan payments.

Situated in the middle of nowhere, small-time Farmington State Bank was taken over by Sam Bankman-Fried in March. Here’s what we know.

According to filings, FTX owes at least $100 million to each of its 10 biggest creditors with the top 50 owed upwards of $20 million.