Thailand’s Ministry of Digital Economy and Society (DES) is taking steps to shut down Facebook in the country, citing harmful investment scams causing economic and public security concerns. Court petition filed. The move to petition the court comes after a sharp rise in scams where fraudsters buy ads through Facebook and trick people into investing The post Thailand looks to ban Facebook next week over crypto ad scams appeared first on CryptoSlate.

FTX Trading Ltd has filed an agenda for the next bankruptcy hearing on Aug. 23 before Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware. Thursday, Aug. 23, FTX bankruptcy hearing. The hearing will cover several matters related to FTX’s Chapter 11 bankruptcy case, which was filed on Nov. 11, The post FTX bankruptcy hearing set for Thursday outlines key agenda appeared first on CryptoSlate.

Digital asset investment products experienced a significant outflow of funds this week, totaling $55 million, according to the weekly report by CoinShares. Analysts, including James Butterfill, believe the market’s reaction is due to the disappointment from recent media reports indicating a delay by the US Securities & Exchange Commission in approving a US spot-based ETF. The post ETF delay disappointment triggers $55M outflow from digital assets – reports appeared first on CryptoSlate.

FTX Trading Ltd. has filed a revised motion seeking bankruptcy court approval of streamlined procedures to settle small claims against the bankrupt cryptocurrency exchange. In the filing with the U.S. Bankruptcy Court in Delaware, FTX asked Judge John Dorsey to authorize the company to settle claims up to $7 million without needing his approval of The post FTX revises bankruptcy court motion to expedite crypto claim settlements appeared first on CryptoSlate.

Terra’s official website has been reportedly replaced by a phishing site, cautioning a potential threat to the digital assets of its users. According to posts from the official Terra Twitter account, users are urged to refrain from interacting with the terra(dot)money domain until further updates confirming full access are provided. Following the incident, the official The post Terra official website compromised, replaced with phishing site appeared first on CryptoSlate.