Dating FTX General Counsel Para Ilunsad ang Bagong Crypto Exchange Na Nakatuon Sa Tiwala
crypto Dating FTX General Counsel Para Ilunsad ang Bagong Crypto Exchange Na Nakatuon Sa Tiwala Balita ng Ethereum ng Bitcoin Pangunahing puntos: In the aftermath of the FTX bankruptcy, a group of former FTX executives, led by Can Sun, the former FTX general counsel, is joining forces to establish a new cryptocurrency exchange. Former FTX General Counsel Can Sun Former FTX General Counsel Unveils Backpack Exchange The initiative aims to address the issues that led to the downfall of their previous employer. Sun, a key witness in the criminal trial of ex-FTX CEO Sam Bankman-Fried (SBF), testified against SBF under a no-prosecution agreement. Ang reports that Sun is spearheading the new exchange, which is set to launch in beta later this month. The venture seeks to sell a 10% stake to investors at a valuation exceeding $100 million. 970×90.gif (970×90) Sun‘s involvement was not initially disclosed when Backpack, the Web3 digital wallet company founded by Armani Ferrante, announced the exchange last month. Claire Zhang, Ferrante’s wife and a former legal deputy of Suns, is also part of the executive board of Trek Labs, the Dubai-based entity operating as Backpack Exchange. Trek Labs has obtained a license from the Dubai Virtual Assets Regulatory Authority (VARA), regulating digital assets in the region. Suns





