BlockFi Settles With FTX, Alameda Estates for $874.5M
The settlement with FTX and Alameda Research is a key part of BlockFi’s bankruptcy and reorganization plan.
Financial
Ftx
Financial
Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT
Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with the now-bankrupt crypto exchange FTX.
Financial
FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse
The bankrupt exchange’s unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.
Financial
That FTX Super Bowl Ad? ‘Like an Idiot, I Did It,’ Larry David Says
Sam Bankman-Fried’s cryptocurrency exchange infamously collapsed months after the commercial.
Financial
FTT Bucks Market Turmoil As FTX Estate Revealed To Be Behind GBTC Sales
FTT was up 11% in the past 24 hours as the broader market tracked by CoinDesk 20 slumped 4%.
Financial
FTX Sold About $1B of Grayscale’s Bitcoin ETF, Explaining Much of Outflow: Sources
BTC’s price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.
Financial
Sam Bankman-Fried’s Parents Ask Court to Dismiss FTX’s Lawsuit Seeking to Recover Funds
Bankman and Fried, both professors at Stanford Law School, argued that Bankman did not have a fiduciary relationship with FTX .
Financial
FTX’s Bahamas Wing Reaches Agreement With U.S. Bankruptcy Team, Streamlining Future Actions
This deal will pave the way for assets to be pooled and distributed to FTX.com customers.
Financial
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries
FTX victims are closer to getting their money back from the exchange after a federal judge put an end to a time-consuming dispute that has halted the exchange’s bankruptcy case.
Financial
FTX Disputes IRS’s ‘Alice in Wonderland’ Tax Claim
The U.S. government’s claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.