Articles for tag: cryptocurrency exchange, Decentralization, FTX, Gracy Chen, Hyperliquid, JELLY token, Market volatility

March 27, 2025

Bitget CEO Criticizes Hyperliquid Over Mismanagement of Suspicious JELLY Token Incident in Recent Statement

Gracy Chen, CEO of Bitget, has criticized Hyperliquid for its recent actions regarding the JELLY token incident, warning it could lead to a situation akin to “FTX 2.0.” On March 26, Hyperliquid delisted perpetual futures for JELLY after discovering suspicious Market activity and promised user reimbursements. Chen highlighted concerns about Hyperliquid’s centralization, stating it operates ...

December 27, 2024

Market News

Crypto

FTX Executives Ellison and Salame Have Their Prison Sentences Reduced: What You Need to Know About the Case

Following the FTX cryptocurrency exchange collapse, former executives Caroline Ellison and Ryan Salame have received reduced prison sentences. Salame, who led FTX’s Bahamas subsidiary, initially received a 7.5-year sentence but his release is now set for March 1, 2031, over a year earlier than expected. Ellison, former head of Alameda Research, was sentenced to two ...

May 9, 2024

Market News

Crypto Now

Wall Street Celebrates Victory in FTX Bankruptcy Chaos

Wall Street has scored a victory amid the chaotic FTX bankruptcy proceedings. The financial hub managed to navigate the messy situation and come out on top. The outcome of the bankruptcy seems to have given a boost to the stock Market, showing the resilience of Wall Street in the face of uncertainty. Click to Claim ...

April 30, 2024

Market News

Crypto Now

Bitcoin’s Price Plunge Below $60K: Crypto’s Toughest Month Since FTX Crash Sends Shockwaves!

Bitcoin’s price takes a hit, plunging below the $60,000 mark as the cryptocurrency world faces its most challenging month since the notorious FTX collapse. Investors and crypto enthusiasts are on edge, witnessing a significant downturn in Market dynamics. This unexpected twist sends shockwaves across the global financial landscape, prompting a reevaluation of strategies in the ...