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FTX Builds $1 billion War Chest to Buy up Distressed Crypto and other Assets


CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried (SBF) has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets. ... Read More: FTX Builds $1 billion War Chest...

UK Financial Regulator Issues Warning Against FTX Crypto Exchange


The UK's Financial Conduct Authority (FCA) has issue a warning to consumers not to conduct any business with the FTX crypto exchange. In a statement first issued on 16 September, the FCA states that "This firm is not authorised by us and is targeting people in the UK." The regulator issues...

Sui Developer Mysten Labs Raises $300 Million to Address Web3 Scalability


Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will...

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