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Nalezeno "$80 billion": 4506

Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June


The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token economy since May 28. Stablecoin Economy Faces...

Three Arrows Capital Founders Face $1.3 Billion Claim from Liquidators


The founders of the now-bankrupt crypto hedge fund Three Arrows Capital, also known as 3AC, are facing a $1.3 billion recovery claim from the fund’s liquidators. The liquidators, who are also partners at the consulting and advisory firm Teneo, have accused the firm’s co-founders Su Zhu and Kyle...

Under New Leadership, FTX Recoups $7 Billion Amid Recovery Efforts


The new leadership team at FTX has recouped approximately $7 billion in liquid assets as the exchange continues recovery efforts.  The company has revealed that it has made “substantial progress” in securing assets, recovering as much as $7 billion in liquid assets so far. The exchange owed...

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