Alameda wallets resurrect to transfer FTT in the millions
Alameda linked wallet bought 1 million FTT worth $2.3 million before opening a loan position on the decentralized crypto lending platform Abracadabra. Go to Source Powered by WPeMatico
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Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures and Voyager, as well as other important documents. Additionally, Voyager Digital has subpoenaed … Read more
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between … Read more
Sam Bankman-Fried lawyers reach agreement on use of messaging apps
The agreement comes as a result of federal prosecutors looking to ban SBF from contacting current or former FTX and Alameda employees while on house arrest. Go to Source Powered by WPeMatico
Crypto ad deals for Super Bowl LVII fell apart after FTX collapse: Report
There had reportedly been a few deals for crypto commercials in this year’s Super Bowl that fell apart following the collapse of FTX, but at least one project is giving away NFTs. Go to Source Powered by WPeMatico
Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6
While the British Treasury emphasizes the liberal approach, Australia goes with the profound taxonomy of all the crypto assets. Go to Source Powered by WPeMatico
FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance, and personnel. Go to Source Powered by WPeMatico
FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs
FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures. Confidential letters have been sent to individuals and organizations, requesting the return of the funds by Feb. 28, 2023. Some bureaucrats, such as Democratic Senators Joe Manchin and Tina Smith, have already pledged the funds … Read more
Hodlnaut works with potential buyers to sell firm and FTX claims: Report
Hodlnaut’s court-appointed judicial managers are reportedly in the process of signing non-disclosure agreements with the potential buyers. Go to Source Powered by WPeMatico
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