Former FTX.US President Brett Harrison is in the process of launching a new cryptocurrency startup that would service institutional clients. According to a Bloomberg News report, Harrison has raised $5 million from well-known industry investors, including Coinbase Ventures and Circle. Harrison’s new company — dubbed Architects — will reportedly cater to institutional clients and provide them…
FTX founder Sam Bankman-Fried (SBF) said on Jan. 17 that FTX.US was solvent, adding that customers should be given access to their funds. SBF was reacting to new revelations made by the FTX management about the shortfalls in the U.S. subsidiary. The claims are “misleading” because it does not consider the $428 million in the…
FTX US president Brett Harrison announced Sept. 27 that he is stepping down from his role and moving into an advisory role at the United States-based crypto exchange. 1/ An announcement: I’m stepping down as President of @FTX_Official. Over the next few months I’ll be transferring my responsibilities and moving into an advisory role at…
Struggling crypto lender Voyager Digital rejected FTX’s offer to buy all its assets and refund customers in a July 24 letter due to it being a “low-ball” offer that may “hurt customers.” FTX’s liquidity offer for Voyager’s customers On July 22, FTX submitted a joint proposal that would have seen it provide liquidity for customers…
Leading crypto exchange FTX is reportedly in talks to purchase South Korea-based Bithumb, Bloomberg News reported July 22. The two companies have reportedly been in talks for months, and there are indications of the negotiations being at an advanced stage. A Bithumb spokesperson did not confirm the development. Bithumb acquisition to help Asia expansion FTX’s…
Voyager Asset Management, Exchange Company in North America Info Twitter LinkedIn The Voyager app offers a simple and secure way to invest in 100 cryptocurrencies, including Bitcoin, Ethereum, and the widest selection of altcoins in North America. Learn More
Brett Harrison, the CEO of FTX US, said that recent public assertions that crypto is an effective means of evading sanctions couldn’t be more wrong. Harrison said that regulated cryptocurrency exchanges have advanced technology and effective procedures for enforcing AML and sanctions, making them an improbable road for moving sanctioned money. AML and KYC regulations…
FTX.US, the U.S. affiliate of crypto exchange FTX, announced today that it has raised $400 million. This was the company’s first external funding round, which gave it a valuation of $8 billion. A $400 million bet on FTX’s U.S. presence The sharp market downturn we’ve seen in the past few weeks failed to shake investor…