• Liquid, a Japan-based crypto exchange owned by the now-bankrupt FTX exchange, released a plan to return assets to customers from February next year.
• The Securities Commission of The Bahamas confirmed it holds $3.5 billion worth of FTX’s assets, which it had taken possession of in early November.
• COTI Network, the layer-1 blockchain behind Cardano (ADA)’s upcoming Djed stablecoin, announced that it updated its network.
Today, crypto news was dominated by the news of the now-bankrupt FTX exchange. Liquid, a Japan-based crypto exchange owned by FTX, announced a plan to return assets to customers from February of next year. This plan includes a three-step process that will see customers open Liquid Japan accounts by mid-January, followed by balance checks, and the opening of withdrawals in mid-February.
The Securities Commission of The Bahamas also confirmed that it holds $3.5 billion worth of FTX’s assets, which it had taken possession of in early November. It has stated that these assets will remain in its digital wallets until the Bahamas Supreme Court directs them to distribute the funds to the failed exchange’s customers and creditors, or until they receive clarity about how the firm’s insolvency is to be handled.
Meanwhile, COTI Network, the layer-1 blockchain behind Cardano (ADA)’s upcoming Djed stablecoin, announced that it has updated its network. This includes the launch of the MultiDAG 2.0 protocol, the Bridge 2.0 wallet app, and Explorer 2.0. This launch, according to a press release, „heralds the full transition of COTI from a single currency infrastructure to a multi-token network.“
Finally, US-based tech company SafeMoon announced the release of the SafeMoon Token Monetization Innovation (TMI). This patent-pending invention is meant to provide a new way to monetize tokens and reward token holders. This comes as part of the company’s mission to create an ecosystem of decentralized applications and services.
In conclusion, today’s crypto news featured a range of developments, from the return of assets to customers of the now-bankrupt FTX exchange, to the announcement of new protocols and services by COTI Network and SafeMoon. All of these developments indicate that the crypto space is continuing to grow and evolve.