[ad_1] Bankrupt cryptocurrency exchange FTX has unveiled USD $7 billion in assets and billions of dollars in payouts to senior executives, including its Founder, Sam Bankman-Fried. FTX’s financial disclosure, filed in court…
Category: Bankruptcy
FTX cold wallet moved almost $10M in altcoins to Ethereum since Aug. 31
[ad_1] The cold wallet owned by the collapsing crypto exchange FTX moved nearly $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed reasons, according to on-chain data. Altcoins…
Judge skirts classifying CEL as security in light of motion citing Ripple
[ad_1] A bankruptcy judge declined to say whether Celsius’ original tokens were collateral in connection with the ongoing Ripple Labs case, according to recent court filings. Investor Otis Davis asked the…
Prime Trust lost $8M after Terra collapsed; bought $76M ETH in unrelated wallet loss
[ad_1] What is CryptoSlate Alpha? Web3 Membership is designed to empower you with cutting-edge insights and knowledge. Learn more > Connect to Alpha WELCOME! đź‘‹ You are connected to CryptoSlate Alpha. To…
FTX Updates Settlement Terms for “Small Estate Claims” after US Trustee’s Disapproval
[ad_1] Bankrupt crypto exchange FTX and its debtors have suggested reducing the maximum settlement value for “small estate claims” from $10 million to $7 million. The changes follow opposition from the US…
Celsius set to vote on asset sale plan after court approves disclosures
[ad_1] Celsius Network will vote on its plan to offload assets to the Fahrenheit consortium after obtaining court approval for a disclosure statement and plans a vote on Aug. 17. The court…
Celsius bankrupt, allocates $24 million for legal expenses
[ad_1] share Share on Twitter Share on LinkedIn Share on Telegram Copy link Copied link Bankrupt crypto lending company Celsius has filed a motion seeking assistance for the distribution of funds resulting…
BlockFi CEO neglected warnings about FTX prior to collapse, court docs say
[ad_1] BlockFi’s downfall was sparked by its corporate leaders ignoring warnings about potential risks associated with FTX and Alameda Research, as revealed in documents filed on July 14. BlockFi made the decision…