Crypto’s Lehman moment: Investors buy $250M of FTX claims — Report
It’s hard to know how much a collapsed crypto firm like FTX would be worth by the time its bankruptcy is resolved. Go to Source
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Mt. Gox Bitcoin repayment: The day that never comes
Over the years, Mt. Gox has repeatedly backtracked on plans to reimburse the funds that the crypto exchange had barred its users from withdrawing — effective from Feb 25, 2014. Go to Source
Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year. Go to Source
OPNX’s $30M Hodlnaut bid rejected as FLEX token plummets 90%: Report
The interim judicial managers of Hodlnaut argued that the $30 million offer of FLEX tokens is “illiquid” and has “speculative value.” Go to Source
Solana traders prepare for FTX-induced sell pressure on SOL — Is it premature?
Crypto traders are talking about SOL price falling due to the risk of FTX selling its $1.16 billion Solana stake. Are they over-exaggerating? Go to Source
Genesis announces winding down of crypto trading services
In January, Genesis Global Capital announced it would eliminate its crypto spot trading services “voluntarily and for business reasons” without additional details. Go to Source
Court approves sale of FTX digital assets
Assets will be sold off weekly, with special handling for BTC, ETH and “insider-affiliated tokens.” Go to Source
Gemini Earn users could recover all funds in new DCG remuneration scheme
DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if approved, it would involve the renegotiation of a $630-million loan between Genesis and DCG. Go to Source
Bitcoin derivatives data suggests BTC price holds the current range
BTC investor sentiment turns increasingly bullish after this week’s quick rebound from a sharp price correction. Go to Source
Former Celsius CEO Mashinsky seeks dismissal of FTC case
Former Celsius CEO is currently out on bail facing multiple charges of criminal fraud and market manipulation from various U.S regulatory agencies. Go to Source
