Bankrupt crypto entities still control $1.5 billion in on-chain assets
In recent years, a wave of digital asset companies have collapsed for various reasons, with some being dragged down by early disasters such as the failures of FTX and Terraform Labs. Below is a detailed overview of some wallets associated with these now-defunct companies, as well as wallets that still remain on-chain. Cryptocurrency companies like FTX, Blockfi, and Terraform still hold digital assets worth $1.5 billion. • Alameda wallets hold $887 million • FTX still holds $611 million • Terraform Labs has $2.45 million in on-chain assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Netflix (NFLX.US) reportedly plans to lay off about 5% of its staff: The streaming giant faces growth pressure and trims its workforce ahead of earnings report.
According to reports, Netflix plans to lay off about 5% of its employees as early as next week.
Citi: Besent May "Slash" Long-term Bond Issuance Next Month, 20-year US Treasury Issuance Could Be Directly Canceled
Citi published a research report indicating that US Treasury Secretary Scott Besant is highly likely to reduce the issuance size of long-term US Treasury bonds, and may even completely cancel the issuance of 20-year Treasury bonds.
Rising energy prices intensify inflation concerns; US Treasury yields increase again, with the 10-year rising to 5.25%.
Persistently high energy prices have intensified market concerns about the inflation outlook and reinforced investor expectations of further interest rate hikes by the Federal Reserve. After experiencing significant volatility earlier this week, U.S. Treasury yields are edging back toward recent highs.
Crypto prices
More
