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Bankruptcy
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.
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF).
Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy
The distribution will be made through PayPal and Coinbase.
FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
An initial surge in the FTT token after the news turned negative, leaving FTT plummeting 15% today.
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.
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 .
Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month
The company expects to see nearly $600 million in revenue this year.
Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure
The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited on crypto exchange Coinbase.
Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack
Payments through bank accounts are still awaited.
Court Freezes $1 Billion of Assets of Three Arrows Capital Founders
The worldwide order by a British Virgin Islands court applies to Su Zhu, Kyle Davies and Davies' wife, Kelly Chen.
