
Crypto Events Recap, November 11-13
FTX
Sued Bybit striving to recover cash and digital assets valued at around $953M that was withdrawn from the exchange before it filed Chapter 11 a year ago. Bybit’s investment arm, Mirana Corp., had special “VIP” benefits and used those special privileges to get most of its assets off the exchange.
Raft
DeFi platform has been hacked for over $3.3 million in ETH. The hacker sent 1,570 of the stolen 1,577 ETH to a burn address – destroying most of the stolen assets and leaving only 7 ETH. After executing the transfers and paying the blockchain fees, the exploiter's crypto wallet was left with fewer funds than the initial.
Citizen Conflict
Announced ZODIAC "Magic Angel" NFT sale on Magic Eden on November 14th, 16:00 UTC. Mint Price: 39 MATIC.
The Block
Sold a majority stake to Singaporean venture capital firm Foresight Ventures in a deal valuing the crypto outlet at $70M.
Genesis
Agreed to settle $1B in claims by defunct crypto hedge fund Three Arrows Capital with a payment of $33M.
Chiliz
Animoca Brands joined the Chiliz Chain as a new validator, aligning its blockchain innovation with Chiliz’s SportFi initiative.
Coinbase
Announced the launch of support for Solana and Avalanche perpetual futures contracts on its International Exchange.
Near
Partnered with EigenLayer to make cheaper and quicker Ethereum rollup transactions, while reducing liquidity fragmentation.
Bithumb
Cryptocurrency exchange plans to go public on Kosdaq, the South Korean counterpart to Nasdaq, in second half of 2025.
Bitget
Announced that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by December 13.