solvency – DIGIT INFO

Sequoia Capital marks down entire $214M FTX stake to zero

DIGIT — Thu, 10 Nov 2022 05:40:25 +0000

The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.

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Celsius Countersues Keyfi Founder, Company Claims Millions Were Stolen From Crypto Lender’s Wallets

DIGIT — Wed, 24 Aug 2022 14:00:54 +0000

Roughly seven weeks after Keyfi founder Jason Stone filed a lawsuit against the crypto lender Celsius, the company has filed a countersuit against Stone claiming that he stole millions from Celsius wallets and allegedly “pocketed seven-figure returns.” Stone’s attorney Kyle Roche says the lawsuit is an attempt to “rewrite history,” and to use Stone as […]

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Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’

DIGIT — Fri, 08 Jul 2022 04:30:12 +0000

On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team found “major problems in how the company operated,” and Stone told Celsius his […]

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Cryptocurrency Exchanges Are Cleaning up Their Act

DIGIT — Tue, 14 May 2019 21:55:42 +0000

Ask a dozen crypto traders for the reason behind the recent rally and you’ll get a dozen different theories. Bakkt futures, Microsoft building on Bitcoin and Whole Foods accepting crypto have all been cited as fueling the bull market that’s broken out. While these factors have certainly helped, there’s a less documented reason why the […]

The post Cryptocurrency Exchanges Are Cleaning up Their Act appeared first on Bitcoin News.

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Law Firm Hired by Bitfinex Confirms Tether Reserves

DIGIT — Fri, 22 Jun 2018 19:00:17 +0000

There are numerous theories regarding the roller coaster market movements of cryptocurrency over the past year. A popular one revolves around the use of Tether (USDT) to inflate the price of Bitcoin during the bull market, and deflate it on the way down. However, a June 20 report suggests the controversial stablecoin may be more ... Read more