AI-powered summaries of the day's top crypto events
FTX Recovery Trust is set to distribute approximately $900 million to creditors in its fifth round of payments. Since filing for bankruptcy in November 2022, the company has distributed about $10 billion, aiming to compensate users who were cut off from their funds.
Knaken, a Dutch crypto exchange, has been declared bankrupt by the Rotterdam District Court due to its inability to fully repay customers. The court found a significant coverage deficit and halted payments, leaving customers locked out of their accounts.
US spot Bitcoin ETFs have seen a significant inflow of $368 million over the past three days. This buying streak comes as Bitcoin attempts a price recovery amid broader market volatility.
ECB board member Piero Cipollone highlighted the risks stablecoins pose to traditional bank deposits. He suggested that the digital euro could be a structural solution to maintain banks' central role in payments.
Security firm SlowMist has identified a macOS malware that hijacks Telegram sessions to steal cryptocurrency wallet credentials. The malware tricks users into entering their wallet recovery phrases through fake applications.
Federal prosecutors have indicted a South Dakota crypto investor accused of running a $20 million fraud scheme. The investor allegedly used false promises to raise funds and laundered proceeds through crypto exchanges.
Bybit has launched a locally operated platform in Indonesia, one of Asia's largest crypto markets, following its acquisition of NOBI. The move gives Bybit access to over 21 million crypto exchange users in the region.