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CoinFLEX enters arbitration; Mt Gox dump fears

CoinFLEX’s deficit rises to US$84 million as it enters arbitration. Meanwhile, a report claims Celsius Network had lost over US$350 million in DeFi.

Welcome to The Daily Forkast – July 11, 2022 – presented by Joel Flynn.

Coming up on today’s show:

CoinFLEX enters arbitration to recover US$84 million deficit. 

Meanwhile, Celsius crypto bankruptcy saga reportedly meets new restructuring lawyers, while Arkham intelligence says the company lost over US$350 million in DeFi.

Over in the markets, Bitcoin and Ethereum fall amid potential Mt Gox and Celsius dumps.

In new developments to the Three Arrows Capital story, the crypto contagion spreads to Blockchain.com.

And finally, French Ligue 1 team Paris Saint Germain sells US$220,000 NFT tickets for first Japan tour in 27 years.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast July 11.