{"id":100501,"date":"2023-05-27T22:02:21","date_gmt":"2023-05-27T22:02:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/index.php\/2023\/05\/27\/ftx-2-0-coming-up-multichain-fud-worldcoin-raises-six-figures-crypto-news\/"},"modified":"2023-05-27T22:02:24","modified_gmt":"2023-05-27T22:02:24","slug":"ftx-2-0-coming-up-multichain-fud-worldcoin-raises-six-figures-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ftx-2-0-coming-up-multichain-fud-worldcoin-raises-six-figures-crypto-news\/","title":{"rendered":"FTX 2.0 coming up, Multichain FUD, Worldcoin raises six figures\n – Crypto News"},"content":{"rendered":"

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Top Stories This Week<\/strong><\/h2>\n

Binance suspends deposits for bridged tokens, seeks clarity from Multichain team<\/strong><\/strong> <\/h2>\n

Crypto exchange Binance suspended deposits for 10 bridged tokens<\/a> following days of uncertainty surrounding the Multichain protocol. Transactions on the cross-chain protocol have been delayed over multiple bridges in the past few days, with little information from Multichain’s team about the ongoing issues. In a tweet from May 24, Multichain said that some cross-chain routes were unavailable “due to force majeure,” noting that the timing for service restoration was unclear. Binance was not the only company to take steps amid the unexplained downtime \u2014 the Fantom Foundation removed 449,740 MULTI ($2.4 million) from liquidity on SushiSwap. The MULTI token plunged during the week<\/a>, On Twitter, rumors circulated that Multichain’s team had been arrested by the Chinese police, with $1.5 billion of smart contract funds under authorities’ control.<\/p>\n

FTX 2.0 launching soon? Court filing shows a reboot plan in the works<\/strong><\/h2>\n

Bankrupt crypto exchange FTX’s revival plans could soon become reality. According to court filing documents, FTX’s new management had a series of meetings with creditors and debtors in the past month<\/a>, reviewing plans for restarting the exchange and finalizing the material required for its rebooting as FTX 2.0. The documents also suggest FTX could soon enter into a bidding process. Previous reports pointed out that a reboot could come as early as 2024, as the exchange has already recovered over $7 billion in assets.<\/p>\n

Sam Altman’s Worldcoin secures $115M for decentralized ID<\/strong><\/h2>\n

The bear market didn’t stop Worldcoin from raising $115 million this week in a Series C round<\/a> Led by Blockchain Capital. Funds will be used to support its decentralized World ID and recently released gas-free crypto wallet, World App. The project was co-founded by OpenAI CEO Sam Altman and built by Tools for Humanity developers to address issues emerging from the exponential complexity of artificial intelligence, such as proving personhood. Worldcoin’s token, WLD, is not available in the United States and some other countries.<\/p>\n

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