Bitcoin News
Genesis proposes US$1.6 bln asset sale amid bankruptcy
Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.
SlamX
Lens
Bankruptcy
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Altcoins
Celsius Network’s US$3 bln repayment begins
Celsius Network starts repaying $3 billion to creditors, marking a step towards resolving its bankruptcy.
SlamX
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Altcoins
Proof Group among three top bidders for FTX relaunch: report
Proof Group is also part of the group that won the bid for bankrupt crypto lender Celsius.
Zoltan Vardai
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Crypto Trading and Strategies
Alameda had a US$65 bln line of credit, says FTX co-founder Gary Wang
Gary Wang, co-founder and former chief technology officer of cryptocurrency exchange FTX, testified on Friday that Alameda Research, the sister trading firm of the exchange, had a special line of credit of up to US$65 billion from FTX, that allowed the firm to spend US$8 billion of customer funds. See related article: Little-known FTX co-founder […]
Zoltan Vardai
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Regulation
Why FTX deserves a second chance
Despite the outrage against Sam Bankman-Fried and the now-bankrupt exchange, everyone would be better off with a relaunched FTX 2.0, writes Rachel Lin, CEO of SynFutures.
Rachel Lin
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Regulation
Binance.US cites ‘hostile’ regulator, yanks US$1.3 billion deal to buy Voyager Digital
Binance.US, a cryptocurrency exchange set up by Binance chief Changpeng Zhao to serve U.S. clients, has pulled out of a US$1.3 billion deal to buy bankrupt crypto lender Voyager Digital, the company said Tuesday, citing a lack of clear regulations in the country for the crypto industry.
Timmy Shen
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Bitcoin News
US crypto miner Core Scientific appoints new president amid bankruptcy
Adam Sullivan, whose most recent role was managing director of XMS Capital Partners, will will work on financial and strategic matters while assisting with the negotiation of a reorganization plan.
Timmy Shen
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Regulation
FTX’s lack of financial controls complicates bankruptcy asset recovery, says legal filing
Former executives of the bankrupt crypto exchange FTX failed to install appropriate financial controls in the company, complicating the asset recovery process, the restructuring team of the failed exchange said.
Timmy Shen
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Bitcoin News
Bitcoin buoyed as bank busts spook investors
Top blockchain and crypto news: Banking woes boost Bitcoin. Arbitrum counts down to launch. Chinese billionaire faces US crypto scam charges.
Forkast.News
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Altcoins
Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal
Bankrupt crypto lender Voyager Digital received court approval from bankruptcy Judge Michael Wiles on Tuesday to sell its assets and transfer its customers to Binance’s U.S. arm, in a US$1.3 billion deal.
Zoltan Vardai
