FTX seeks to claw back political donations by the end of February
FTX’s new management is sending messages to politicians and political groups to return donations by the end of the month. Go to Source Powered by WPeMatico
Bankruptcy
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Genesis unsecured creditors’ committee appointed
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan. Go to Source Powered by WPeMatico
FTX-tied townhouse in Washington DC unlisted: Report
A few blocks from the U.S. Capitol, the townhouse belongs to Guarding Against Pandemics, a nonprofit organization founded by Gabriel Bankman-Fried, SBF’s brother. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s holding company files for bankruptcy
Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX’s. Go to Source Powered by WPeMatico
Alameda Research wallet receives $13M from Bitfinex, other sources
The assets transferred to Alameda’s consolidation wallet are reportedly part of bankruptcy recovery efforts. Go to Source Powered by WPeMatico
FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried
FTX and affected parties have requested court subpoenas to force Sam Bankman-Fried’s closest advisors to provide documents and information for ongoing investigations. Go to Source Powered by WPeMatico
Celsius publishes list of users eligible to withdraw majority of assets
Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data. Go to Source Powered by WPeMatico
Court permits Core Scientific to borrow $70M to replace existing loan
Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11. Go to Source Powered by WPeMatico
Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius
The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding. Go to Source Powered by WPeMatico
FTX sister company Alameda Research sues Voyager Digital for $446M
FTX lawyers claim that Voyager Digital was complicit in its own collapse by “knowingly or recklessly” channeling customer funds to Alameda. Go to Source Powered by WPeMatico
