THORSwap Pauses Platform After Series of FTX Hack-Linked Trades
A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk.
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A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk.
(TheBayPeak/Unsplash, modified by CoinDesk)
Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.
Michael Lewis’ “Going Infinite” outlines how the FTX CEO was worried his employees had gotten too rich because SRM’s price had gone up so much. So, he made it impossible for them to sell for longer.
Is crypto “uniquely” responsible for the rise and fall of FTX?
The author’ latest book, “Going Infinite,” is an eyewitness account of the fall of FTX’s founder, who Lewis said is “misunderstood.”
FTX was hacked in November 2022, hours after the global crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.
FTX, an industry titan, ended up in bankruptcy court nine days after a November 2022 scoop from CoinDesk’s Ian Allison.
(FTX, modified by CoinDesk)
Coinbase had showed recent interest in acquiring FTX Europe. (Claudio Schwarz/Unsplash)