Galaxy Digital CEO Mike Novogratz called the FTX debacle “a crisis of confidence” during an exclusive CNBC interview where he claimed the incident had created a deficit of trust across financial markets. Novogratz described the personality of SBF as delusion and one prone to grandiosity while calling out the FTX incident as a criminal account…
Galaxy Digital, one of the largest crypto financial services firms on the market, released its financial results for the third quarter of the year. The report revealed that the company has an exposure of approximately $76.8 million in cash and cryptocurrencies to FTX. Out of the $76.8 million, $47.5 million is currently “in the withdrawal…
Cryptocurrency staking firm BitGo filed a lawsuit against Galaxy Digital on Sept. 12 seeking damages of over $100 million for breaching the merger agreement, BitGo announced on Twitter. Late yesterday, BitGo filed a lawsuit against Galaxy Digital seeking damages of more than $100 million arising from Galaxy’s improper repudiation and intentional breach of its merger…
Voyager users might not get all of their funds back because the crypto lending company has declared bankruptcy, Bloomberg News reported. According to the filing, Voyager expects its users’ funds to be impaired during bankruptcy. Account holders are unlikely to get a full refund of their deposits because the company could be restructured or sold….
Goldman Sachs executed its first-ever over-the-counter crypto options trade earlier today, marking an important milestone in the expansion of its digital asset offering. The U.S. bank announced that it was exploring the provision of bilateral crypto options earlier this month, but didn’t reveal any details about when such a transaction could happen. A cash-settled Bitcoin…