Saturday, November 11, 2023

Ex-FTX execs, including general counsel Can Sun, launch crypto exchange Backpack and say they will protect user funds with lessons learned from FTX's failure (Wall Street Journal)

Wall Street Journal:
Ex-FTX execs, including general counsel Can Sun, launch crypto exchange Backpack and say they will protect user funds with lessons learned from FTX's failure  —  Ex-FTX lawyer Can Sun and other former company executives want the new exchange to allow customers to verify holdings at any time



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Mistral CEO Arthur Mensch says the startup's annualized revenue run rate was "north of $400M", up from $20M a year ago, and it is set to hit $1B ARR by 2026-end (Financial Times)

Financial Times : Mistral CEO Arthur Mensch says the startup's annualized revenue run rate was “north of $400M”, up from $20M a year ...