The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval. Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in The Bahamas, has called into question the validity of a Chapter 11 bankruptcy filing by subsidiary...Continue Reading

TSM confirmed that it remains “strong, profitable and stable” despite its decision to suspend the sponsorship with FTX. Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week. The United-States-based esports organization made...Continue Reading

People need time to catch up before Jack Dorsey tries to launch the next generation of the internet. It’s barely been a decade since the launch of Web3, and some are already talking about the next generation of the web Web5.  The concept of Web5 first emerged earlier this year with Jack Dorsey’s announcement about...Continue Reading

The new CEO of FTX gave a curt statement in response to the series of intermittent tweets by former CEO Sam Bankman-Fried. The new CEO and chief restructuring officer for the bankrupt FTX cryptocurrency exchange, John Ray, has icily responded to the erratic series of tweets from former CEO and founder Sam Bankman-Fried. The official...Continue Reading