Bookmarking Crypto Insights
Auto Added by WPeMatico
The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake. Go to Source Powered by WPeMatico
Grayscale previously anticipated being able to voice their arguments in the second quarter of the year, calling the recent motion “welcome news.” Go to Source Powered by WPeMatico
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit. Go to Source Powered by WPeMatico
According to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options” amid bankruptcy proceedings. Go to Source Powered by WPeMatico
A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange. Go to Source Powered by WPeMatico
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A total of over $17 … Read more
The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.” The blog post does not mention the allegations made … Read more
Nexo platform has reportedly experienced massive outflows amid the news on office raids and an ongoing investigation against the firm. Go to Source Powered by WPeMatico
A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the … Read more
A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports … Read more