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OPNX Offers CoinFLEX Creditors 25% Equity and 1 Billion OX Tokens Over 10 Years
31.10.2023
Mark Lamb , a fellow CoinFLEX stakeholder and founder of OPNX, has extended an offer to CoinFLEX creditors that includes 25% equity in OPNX and the distribution of 1 billion OX tokens over a 10-year period. The proposal comes after the bankruptcy of CoinFLEX in 2022, which left many stakeholders...
US Crypto Exchange Bittrex Receives Bankruptcy Nod to Cease its Operations
31.10.2023
A Delaware court judge approved the Chapter 11 plan of Seattle-based cryptocurrency exchange Bittrex on Monday to cease its operations. In April, the US Securities and Exchange Commission (SEC) charged Bittrex, its co-founder and former CEO William Shihara. Bittrex faced allegations of operating...
Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more
28.10.2023
This week’s Crypto Biz looks at BlockFi’s emergence from bankruptcy, BlackRock’s spot Bitcoin ETF developments, Worldcoin’s operator payment scheme upgrades and more
Gemini Seeks Control of $1.6 Billion Grayscale Shares in Lawsuit
28.10.2023
Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares to repay...
Google to invest another $2B in AI firm Anthropic: Report
28.10.2023
Google has already invested $500 million as part of the deal, while the outstanding $1.5 billion will be paid over time, according to the Wall Street Journal
Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B
27.10.2023
Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims
FTX Moves Millions Worth of LINK, MATIC, AGLD to Coinbase as Sam Bankman-Fried Testifies
26.10.2023
The latest transactions followed $19 millions worth of crypto moved from FTX cold wallets to exchanges
FTX Cold Wallets Move $19M in Solana, Ether to Crypto Exchanges
26.10.2023
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks
Bankrupt Crypto Firms Alameda Research and FTX Move $10 Million in Crypto to Exchange Accounts, Raising Questions
26.10.2023
Wallets linked to bankrupt crypto firms Alameda Research and FTX moved over $10 million worth of cryptocurrency to a single wallet address, which then deposited the funds to exchange deposit accounts. ???? #FTX and #Alameda related addresses are depositing tokens to exchanges! Via address 0xde9...
FTX probes $6.5M in payments to AI safety group amid clawback crusade
26.10.2023
Bankrupt crypto exchange FTX wants to look into millions it had given to the Center for AI Safety, a nonprofit that has argued AI should be a global priority next to pandemics and nuclear war
Sam Bankman-Fried’s Defunct Exchange FTX Receives Multiple Bids for Restart
25.10.2023
Options also include a sale of the exchange, which boasted 9 million users before going bankrupt
FTX navigates post-bankruptcy options, weighs sale or revival
25.10.2023
These options reportedly encompass selling the entire exchange, including its extensive customer base of over 9 million, to the potential of forming a partnership with another entity to revive the platform
FTX Reportedly Considering Bids to Restart Exchange, Decision Expected by Year End
25.10.2023
Fallen crypto exchange FTX is currently evaluating proposals from three prospective bidders seeking to restart the crypto trading platform, according to a recent Bloomberg report.
During a court hearing held in Wilmington, Delaware, Kevin M. Cofsky, the investment banker representing FTX from...
BlockFi Clients Can Now Submit Withdrawal Requests as Bankruptcy Plan Takes Effect
25.10.2023
The US-based crypto lending company BlockFi has emerged from bankruptcy, allowing clients to begin the process of withdrawing their assets.
This development comes nearly 11 months after BlockFi was caught in the turbulence of the cryptocurrency industry, triggered by the disastrous collapse...
BlockFi emerges from bankruptcy and opens wallet withdrawals
24.10.2023
BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests
FTX Creditors' Lawyers Promote Deal Giving Investors 90% of What's Left in SBF's Empire
23.10.2023
A deal was secured to pay those who had money at defunct FTX as much as 90% of the assets that remain, and now the lawyers representing some creditors are trying to get enough of those investors on board to make it happen
MicroStrategy's Bitcoin stash is back in profit with BTC price above $30K
23.10.2023
The Michael Saylor-led software firm has made $132 million in unrealized profits from its Bitcoin bet
FTX creditor claims heat up as bankruptcy proceedings drive forward
23.10.2023
The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday
FTX Estate Proposes Recovery Plan With 90% Asset Return Expected
19.10.2023
The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’...
When Bankruptcy Regulates Crypto: The Good, the Bad, and the (Really) Ugly
17.10.2023
In the absence of specific policy, U.S. regulation of crypto has devolved to judges in bankruptcy proceedings, say Yesha Yadav and Bob Stark