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Crypto

Ex-FTX COO slams Netflix FTX collapse drama, says she stopped watching after 30 seconds

Former FTX chief operating officer Constance Wang criticised Netflix’s trailer for an FTX collapse drama, saying it portrayed key people differently from her experience. She said she stopped watching after 30 seconds and found some depictions physically uncomfortable. Netflix plans to release the eight-episode series The Altruists worldwide on Nov. 19. Wang also described launching crypto trading platform Pacifica without outside investment.

Crypto

FTX-backed SWI Group to sell last three bitcoin mining sites in Kazakhstan, shift to AI infrastructure

Three remaining bitcoin mining sites in Kazakhstan operated by Genesis Digital Assets have been put up for sale. SWI Group, which controls Genesis Digital, is winding down Kazakhstan mining assets and shifting its focus to AI data centres. The Euronext Amsterdam-listed company raised 800 million euros and was valued at 6.1 billion euros. It said it will invest funds in power infrastructure and computing facilities in the United States and Sweden.

Crypto

U.S. government moves seized cryptocurrency worth about $565.9 million to Coinbase Prime

The U.S. government moved about $565.87 million worth of seized cryptocurrency to Coinbase Prime within hours, blockchain outlet U.Today reported. The transfer included bitcoin and tether. Some of the assets were classified as seized holdings linked to the Bitfinex hack case and to FTX and Alameda Research. Onchain Lens tracked a latest transfer of 94.15 million USDT and said authorities have not disclosed the purpose of the transactions.