Californian investor Nikolas Gierczyk has filed a lawsuit against hedge fund Olympus Peak, accusing the firm of failing to honour an agreement related to an FTX bankruptcy claim. According to a Bloomberg report, Gierczyk claims the hedge fund owes him over $1 million in excess recovery, citing expectations of a ...
Caroline Ellison, former co-CEO of Alameda Research, is seeking a sentence of time served and supervised release instead of prison as her sentencing approaches on September 24. In their recent court filing, her attorneys highlighted her "extraordinary cooperation with the government". They argued that a sentence of time served, followed ...
A New York judge has approved a $12.7 billion settlement plan that will see defunct cryptocurrency exchange FTX and its sister firm, Alameda Research, repay their creditors. This settlement, which is part of a larger agreement with the United States Commodity Futures Trading Commission (CFTC), marks a significant milestone in ...
BitFlyer, the Tokyo-based parent company of the eponymous cryptocurrency exchange, has finalized its acquisition of FTX’s Japanese division, purchasing all outstanding shares of FTX Japan. In a press release published today Friday, July 26, BitFlyer announced its plans to integrate FTX Japan into its operations and rebrand it as “Custody ...
According to Coinbase CEO Brian Armstrong, cryptocurrency would usher in a future where the global financial system is more efficient, fair, and accessible. In an interview with the Wall Street Journal earlier this week, Armstrong shared his optimistic vision for the future of cryptocurrency, a future where a significant portion ...
Yield App, a cryptocurrency wealth management platform backed by AGE Crypto and Alphabit, has declared its closure due to losses associated with the collapse of FTX. Yield App, which said in a post on X on June 28 that it was closing "all activity" as it "prepares to enter liquidation ...
FTX, the bankrupt cryptocurrency exchange, is set to appeal to a judge on Tuesday, June 25, for permission to let its customers vote on a cash repayment plan. According to Reuters, the U.S. Bankruptcy Judge John Dorsey will hold a hearing to approve the plan to initiate the voting process ...
Sam Bankman-Fried, once hailed as a crypto visionary, has been sentenced to 25 years in prison for his role in the massive fraud at the now-defunct crypto exchange FTX. His sentencing, however, concludes only a chapter in what has gone down as one of the greatest collapses in financial history. ...
European digital asset investment manager CoinShares has successfully completed the sale of its claim in the now-defunct crypto exchange, FTX. According to the asset manager's announcement, the transaction finalized today, June 24, 2024, is a significant financial achievement that will benefit the company in several ways. The sale is expected ...
Crypto venture capital firm Pantera Capital has tipped Solana to take advantage of Ethereum's dominance shifts in the crypto market. In its latest newsletter to investors, the Menlo Park-based firm noted that Ethereum's dominance "appears to be yielding to the multi-polar model." Pantera highlighted Solana as a key player that ...
