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FTX warns it will claw back political donations and contributions
20.12.2022
The exchange warned those who received payments from FTX or its former executives that it's looking to recover funds even if they were donated to charity
$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy
20.12.2022
The wallets were thought to be inaccessible following the death of the exchange's founder in 2018, as he had sole responsibility for the wallet's private keys
Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid
19.12.2022
According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as soon as possible.” Binance Reveals U.S. Subsidiary...
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
18.12.2022
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn...
UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War
17.12.2022
The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures the funds...
Crypto Futures ETFs Raise More Than $73 Million Ahead of Hong Kong Launch
16.12.2022
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles....
Court Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before the Bankruptcy Filing
15.12.2022
According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame told Bahamian authorities that Sam Bankman-Fried (SBF) sent customer funds to the firm Alameda Research. A letter...
Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November
15.12.2022
Former CEO Sam Bankman-Fried has said he didn't know of any commingling of funds between his companies
SEC approves 9 more WisdomTree 'blockchain-enabled' funds
15.12.2022
After announcing the approval of nine new digital funds, WisdomTree reiterated that it wants to further integrate blockchain tech to improve the investor experience
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
14.12.2022
The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s...
Alameda had 'unfair' trading advantage, special access to FTX funds: CFTC filing
14.12.2022
CFTC court filing outlines a murky relationship between FTX and Alameda Research, highlighting the latter’s unfair trading advantage and misappropriation of user funds
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail
14.12.2022
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance offenses.” SDNY attorney Williams said that the case was...
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
13.12.2022
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were...
Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy
12.12.2022
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9
US DOJ reportedly investigating FTX CEO for siphoning funds out of the US
10.12.2022
The anonymous informant revealed that DOJ officials met with FTX’s court-appointed overseers to discuss the scope of the information they need for further investigation
Japanese Regulator Extends FTX Japan’s Suspension as Users Wait for Their Funds
9.12.2022
The Financial Services Agency ordered that operations stay suspended for another three months
Bitcoin Infrastructure Firm Blockstream Seeks Fresh Funds at 70% Lower Valuation Than in 2021
8.12.2022
The Bitcoin-focused development and infrastructure firm Blockstream is seeking fresh funds at a valuation that “may be below $1 billion,” or about 70% lower than its most recent funding round in 2021, according to a Bloomberg report.
Blockstream’s valuation has likely been impacted by the collapse...
Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV
8.12.2022
The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles
Crypto Hedge Fund BKCoin Fired Co-Founder Kang Over Misappropriated Investor Funds
8.12.2022
An ongoing case in a Florida district court alleges Kang misused $12 million in investor assets
Drones, Fertility, and Defi — A Look at Alameda Research’s Massive $5.4 Billion Portfolio of Investments
8.12.2022
Over the last few weeks, there’s been a lot of information revealed surrounding the recent FTX and Alameda Research disaster. On Dec. 6, the Financial Times (FT) published documentation that shows Alameda’s investment portfolio, which alleges the company spent more than $5 billion on hundreds...