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.
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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.
Celsius grants access to withdrawals for eligible crypto holders
Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees.
FTX Gains Court Approval to Sell Grayscale Trust Assets Nearly $800 Million
Bankrupt crypto exchange FTX has secured approval from the US bankruptcy court for the sale of crypto trust assets managed by Grayscale as part of efforts to make repayments to…
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.
Core Scientific Plans To Exit Bankruptcy By Early January, New Filing Shows
Bitcoin mining firm Core Scientific filed a disclosure statement for its third-amended bankruptcy recovery plan on Monday, which incorporates key terms from its Restructuring Term Sheet filed in late October.…
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.
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.
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.
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…
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