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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New court documents reveal that while Sam Bankman-Fried appeared unprepared for the fall of his FTX crypto exchange, he had other survival plans. The filings disclose his strategy to acquire the island nation of Nauru, envisioning it
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Non-fungible token (NFT) marketplace, Blur, has fixed a bug in its message processing that affected some bids canceled in the last 80 hours. Blur detects bug Blur’s chief executive officer (CEO), Pacman, has released a statement confirming that
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Silicon Valley Bank UK (SVB UK) has granted millions of pounds in employee bonuses, just days after it was rescued by global banking giant HSBC for just 1 British pound, according to unnamed sources.In a March 18 Sky News report citing unnamed sources, it was reported that payouts to SVB
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However, the court has objected to the BlockFi request noting that every penny used to pay employees denies the creditors their right to be reimbursed.Distressed cryptocurrency lender BlockFi has filed with the bankruptcy court in the District of New Jersey wanting to get bonuses approval for retaining experienced employees. According
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Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.In a Jan. 23 declaration for United State Bankruptcy Court in the District of New Jersey, Crowell said without giving certain financial incentives, BlockFi might
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During Tuesday’s three-hour hearing, the judge did not seem to take issue with the contents of the KERP itself (which has also been approved by the unsecured creditors’ committee), but was bewildered and irritated by a second motion filed by Celsius’ lawyers on Oct. 11 seeking to file most of
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A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members.The firm filed a motion with the United States Bankruptcy Court on Aug. 2 seeking approval for its Key Employee Retention Plan (KERP) which entailed $1.9 million worth
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"This program does not involve the senior management team, and data about these individuals would typically not exist in the public domain. We note that no creditor or shareholder or economic stakeholder has objected to the motion to seal. We provided this information to the UCC [Official Committee of Unsecured
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On April 7, the digital currency exchange Crypto.com announced that fighters from the mixed martial arts (MMA) promotion company, Ultimate Fighting Championship (UFC), will be able to win Fight Night bonuses that will be paid in bitcoin. Fight Night bonus payouts will vary depending on placement, and contestants that finish
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Ultimate Fighting Champion (UFC) athletes are to be paid bonuses in bitcoin thanks to the ongoing partnership between the mixed martial arts organizations and Crypto.com. Original Source
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