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
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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
Sam Bankman-Fried seeks to access FTX funds
Sam Bankman-Fried lawyers claim he was not involved in previous unauthorized transactions, and should have access to company assets. Go to Source Powered by WPeMatico
FTX Lawyers Attempt to Question Bankman-Fried’s Family and Inner Circle for Financial Insight
According to court documents in the FTX bankruptcy case, the company’s attorneys seek to subpoena FTX co-founder Sam Bankman-Fried, his brother Gabriel Bankman-Fried, and his parents, Joseph Bankman and Barbara Fried. Additionally, the attorneys intend to question some of Bankman-Fried’s top deputies, including FTX co-founder Gary Wang, ex-Alameda Research CEO Caroline Ellison, the former chief … Read more
Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)
How much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials. Go to Source Powered by WPeMatico
ISDA releases standard definitions for digital asset derivatives
The International Swaps and Derivatives Association is working on two papers to address fundamental legal risks in the crypto markets. Go to Source Powered by WPeMatico