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Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks
16.2.2023
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged...
SEC-retly Failing: How the SEC Is Letting Crypto Down
16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
16.2.2023
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens...
Crypto Trading Firm Auros Global Restructures $18M in Debt on Maple Finance
15.2.2023
Auros Global has missed its payments on decentralized finance loans since November, citing funds frozen on the collapsed crypto exchange FTX
US Prosecutors Ask Judge to 'Prohibit' Bankman-Fried From Using Phones, Internet
15.2.2023
Federal prosecutors asked a judge to modify the terms of FTX founder Sam Bankman-Fried's release on bond to ban him from using cell phones or the internet except under very specific conditions
Judge allows release of guarantors' identities behind Sam Bankman-Fried's bail
15.2.2023
Court documents showed Stanford University research scientist Andreas Paepcke and former Stanford Law School dean Larry Kramer signed on as sureties to SBF’s $250-million bond
FTX Transferred $7.7B from Bahamian Estate to US Units Ahead of Bankruptcy Filing, Court Told
15.2.2023
Representatives for FTX said whether assets belong in the Bahamian estate or in the U.S. estate remain open issues
FTX bankruptcy judge denies US Trustee’s motion to appoint independent examiner
15.2.2023
The U.S. Trustee made arguments including that an examiner was necessary to scrutinize the use of software to conceal FTX's alleged misuse of customer funds
Judge Denies Appointment of Independent Examiner in FTX Bankruptcy
15.2.2023
Delaware bankruptcy court judge sided with the bankrupt crypto exchange and said there is no need to appoint an examiner to conduct "yet another costly investigation that would slow the progress" of the case
Former FTX Executive Accused of Fueling a Charity Through Discounted FTT Purchase
15.2.2023
A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating...
Can you trust crypto exchanges after the collapse of FTX?
15.2.2023
On Oct. 25, 2022 — about two weeks before the collapse of the world’s third-largest cryptocurrency exchange, FTX — prominent DeFi architect Andre Cronje published a foreboding article with a chilling warning on the state of centralized cryptocurrency exchanges: “Remedies under the current...
FTX Cracks Down on Company Insiders: Subpoenas Issued to Sam Bankman-Fried, Caroline Ellison and Others – What's Going On?
15.2.2023
Insiders at the now-bankrupt crypto exchange FTX have been issued subpoenas to produce specific documents within the next day, court filings have revealed.
The requested documents include information about Binance’s takeover offer for FTX, an offer that Binance eventually withdrew. Other...
FTX Seeks to Reclaim $400 Million From a JPMorgan Account: New York Times
15.2.2023
The funds, invested in a hedge fund called Modulo, were converted into cash and are sitting in an interest-bearing account
Charity or Scam? Former FTX Executive's Foundation Accused of Making Profits from Employee Token Prices
15.2.2023
A former FTX executive’s foundation allegedly turned a donation of some $600,000 in FTT tokens into a whopping $150 million. And he now wants to cash out the frozen assets. ...
Read More: Charity or Scam? Former FTX Executive's Foundation Accused of Making Profits from Employee Token Prices
Australian Crypto Exchange Digital Surge Set to Come Back Online After Stakeholders Sign Recovery Plan
15.2.2023
Australian cryptocurrency exchange Digital Surge is set to come back online after stakeholders signed the recovery plan on Wednesday
Sam Bankman-Fried, Caroline Ellison, and Other Company Insiders Subpoenaed by FTX for Documents
15.2.2023
The Subpoenas come after a U.S. judge overseeing bankruptcy proceedings gave a green light to FTX's Official Committee of Unsecured Creditors and its leadership to serve the insiders
SBF and FTX fraud 'aided and abetted' by Silvergate Bank, alleges lawsuit
15.2.2023
The filing is the latest proposed class action in a string of lawsuits aimed at Silvergate over the last two months about its links with Sam Bankman-Fried and defunct crypto exchange FTX
Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit
15.2.2023
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer
Charity tied to former FTX exec made $150M from insider trading: Report
14.2.2023
The former FTX chief of staff reportedly ‘donated’ FTT tokens he had obtained at a price of $0.05, later selling them after public trading opened for $1
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
14.2.2023
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds...