The CEO says a significant portion of the company’s assets are held at FTX and will now have to lay off some employees.
Follow Crypto Africa's coverage of the FTX Saga.
Documentation of the events around the failure of the cryptocurrency exchange FTX.
A representative of the company told Crypto Africa that FTX isn't a shareholder in BitPesa and its affiliated entit
The crypto exchange has appointed a new CEO as it scrambles to repay creditors, customers and investors. The group of companies will continue to operate normally and pay creditors over time according to Chapter 11 of the United States Bankruptcy code.
This follows previous reports that FTX trades with users' fu
At least nine leading exchanges have made commitments to publish their reserve certificates following the insolvency fears at FTX.
FTX is said to be experiencing a “liquidity crunch.” Binance's decision to sell its FTT holdings had triggered a bank-like run on FTX. Read on for the deta