FTX and Alameda transfers another $22M worth of crypto asset
Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million. Go to Source
Bankruptcy
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Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift
Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on. Go to Source
Celsius grants access to withdrawals for eligible crypto holders
Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees. Go to Source
3AC co-founder Kyle Davies spotted in Bali, sources claim
Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund. Go to Source
FTX, BlockFi claims settlement allowed to proceed, judge declares
A U.S. bankruptcy court judge has ordered the end of an automatic holding placed on claims settlement proceedings between the two bankrupt crypto companies FTX and BlockFi. Go to Source
FTX files billion-dollar lawsuit against ByBit over asset withdrawals
The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform. Go to Source
Hodlnaut heading for liquidation after failure of restructuring, sale efforts
Recovery from the crypto winter is proceeding, but Hodlnaut won’t survive it. A sealed court order in Singapore appears to spell its doom. Go to Source
Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors
The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company. Go to Source
Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B
Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims. Go to Source
FTX probes $6.5M in payments to AI safety group amid clawback crusade
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. Go to Source
