Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
SuperBots
3 Ways DeFi Can Recover After Alameda and FTX Bankruptcy Shock
In early November, Alameda Research became insolvent. FTX tried to bail it out but faced a liquidity crisis that shortly led to its bankruptcy and marked the start of a cataclysmic meltdown in the cryptocurrency market. Here’s a brief aftermath of it in numbers: $223 billion was lost in the market cap for the entire crypto market in less than 5 hours. $15 billion was lost in total value locked (TVL) in DeFi protocols. $4,700 drop in value for Bitcoin in a…
2 months ago 827 views
SuperBots – A Case for Imminent Decentralization amid Recent CEX Failures
Crypto trading has taken the back seat in the digital economy in 2022, with the market remaining under the bears' control for most of the year. Furthermore, traders have seen their faith rocked by the consecutive failures of centralized exchanges. These intermediary marketplaces have been the powerhouse of the industry since its humble beginnings. Now, they seem to crumble under mounting allegations of scams, lawsuits, and solvency concerns. Meanwhile, they make a convincing case for the imminent decentralization of crypto…
2 months ago 1 k views
SuperBots Trading in DEX – The Future of DeFi Trading is Here
Trading in decentralized finance is evolving rapidly and empowering people worldwide to access new forms of income. Spearheading this revolution are platforms like SuperBots, a BSC-based protocol enabling users to deposit their capital in vaults for secure and efficient trades on decentralized markets. SuperBots accelerates the mainstream adoption of DeFi trading through high-performance bots that automatically trade for their owners. This way, users can achieve profitable trades, regardless of their experience or skill. Furthermore, the platform does not charge any…
3 months ago 946 views
SuperBots – The First Protocol that Supports Automatic Trading in DeFi
SuperBots is a DeFi protocol offering decentralized trading solutions where users can deposit their capital in vaults for secure and efficient trades on decentralized markets. The project stands out through its no-fees policy on deposits and withdrawals. Instead, the system is based on performance fees and transaction fees. SuperBots shares some of its features with UpBots, a digital asset management platform enabling trading in crypto through trading algorithms. Both protocols support accessible crypto trading for new and expert traders alike.…
4 months ago 1.1 k views