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Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy

An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware…

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Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have…

Continue ReadingReport Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’

On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one…

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Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’

This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle…

Continue ReadingThree Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’