Connecting the dots in FinTech
NEWS HIGHLIGHT
Crypto billionaire Sam Bankman-Fried blamed himself for FTX's collapse in a series of tweets. FTX CEO apologized to users and acknowledged he had made mistakes. The post comes as the onetime hero of the crypto sector begs for billions of dollars to stave off bankruptcy. Link here
BREAKING NEWS
Plaid suspends FTX.US access to user data. The company said the suspension was due to “concerning public reports,” though noted that there is “currently no indication that Plaid has been used as a vector for fraudulent activity.” Link here
BlockFi pauses withdrawals in wake of FTX collapse. The company said in a tweet that the "lack of clarity" around FTX's current situation meant it would pause client withdrawals, and also told clients not to deposit to their wallets or interest accounts. Link here
#FINTECH REPORT
Check out BDA Partners' latest report, which is a closer look at the key trends that make SEA an attractive FinTech market. Link here