Wrapped tokens issued by FTX or Alameda collapsing, no longer redeemable

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Wrapped tokens issued by FTX or Alameda collapsing, no longer redeemable
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The price of wrapped bitcoin on Sollet is down 77% over the past 24 hours, while wrapped ether is only down 9% to $1,138.

NFT royalties were once a standard fee that paid a creator whenever their piece was sold, but they ended up on the chopping block this year.

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FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resignsFTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resignsFTX said roughly 130 companies in FTX Group — including FTX Trading, FTX US and Alameda Research — had started proceedings to file for bankruptcy in the United States.
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FTX lent Alameda billions of dollars in customer assets: WSJFTX lent Alameda billions of dollars in customer assets: WSJFTX CEO Sam Bankman-Fried told an investor that sister company Alameda Research owes the exchange about $10 billion, according to The Wall Street Journal.
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Alameda Research, FTX Ventures invested in more than 250 crypto startupsAlameda Research, FTX Ventures invested in more than 250 crypto startupsThe investments cut across a variety of verticals, including decentralized finance, trading and web3.
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3 key crypto price events to watch in the wake of the FTX and Alameda debacle3 key crypto price events to watch in the wake of the FTX and Alameda debacleFTX and Alameda’s Ponzi-like trading scheme has dealt a heavy blow to the entire crypto industry. Here are three developments to keep a close eye on.
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CoinShares discloses $30.3 million exposure to FTX, none to AlamedaCoinShares discloses $30.3 million exposure to FTX, none to AlamedaEuropean crypto trading and investment group CoinShares disclosed a $30.3 million holding stuck on FTX exchange.
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