According to a court filing, nearly all customers of the collapsed cryptocurrency exchange FTX will receive more than 100% of their claims under a proposed reorganization plan, thanks to the successful sale of various assets held by the company.
Binance has announced the conversion of its Secure Asset Fund for Users (SAFU) into the USD Coin (USDC) stablecoin, a move aimed at enhancing the stability and security of its user protection fund during market volatility.
Crypto exchange Backpack, founded by former FTX and Alameda Research executives, has started offering services to users in 11 U.S. states as it expands its presence in America.
