Chiliz, Dogecoin & Crypto.com — Asian Wrap 14 November
Chiliz announced its decision to allocate 38 million CHZ to a public address that will help compensate up to $10,000 per FTX user who lost funds. The project has decided to engage with the liquidator to facilitate this over the next few weeks.
Dogecoin, the largest meme coin, started its recovery from the FTX-Alameda collapse. The meme coin yielded 2% gains overnight, however analysts remain bearish on Dogecoin price. Dogechain announced that native staking will be available for community members in the second week of November 2022.
Samuel Bankman-Fried’s FTX exchange collapse highlighted the importance of proof-of-reserves for centralized exchanges. When confirming the availability of funds on Crypto.com, cold storage information revealed a suspicious transfer of 320,000 Ether to Gate.io.