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A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by a FTX claim, according to the bankruptcy claims platform Found.The claim worth $31,307 was tokenized and its ownership represented
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“Under no circumstances is ADA a security under U.S. securities laws,” IOG said. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CryptoX article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy
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SEC Chair Gary Gensler once offered to serve as an advisor to Binance in 2019, according to lawyers representing Binance and founder Changpeng Zhao, CNBC reports. In documents filed by the SEC on June 7, attorneys from Gibson & Dunn and Latham & Watkins allege that Gensler offered to serve as an
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A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, according to the company. In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen
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Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.According to a June 2 court filing in a New York Bankruptcy Court, FTX has raised an objection to Genesis’
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Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s latest restructuring plan.On May 12, BlockFi outlined its Chapter 11 reorganization plan in a filing with the United States Bankruptcy Court in Trenton, New Jersey. The firm said that selling
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In its claim, the IRS alleged that FTX, Alameda, and co failed to report transactions and activities for a sustained period. The US Department of Treasury and Internal Revenue Service (IRS) has filed a $44 billion claim against FTX and its subsidiaries. In the documents, dated April 27th and 28th, the IRS alleged that
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Bankrupt Bitcoin (BTC) mining firm Core Scientific has objected to paying a $4.7 million administrative claim put forward by crypto lender Celsius Network, leading to a battle between the firms over contractual obligations.According to the objection, which was filed in Texas bankruptcy court on May 5, Core Scientific has asked
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Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a “sham.”The central point of dispute is focused on a decision made by the crypto lender in June 2021, when
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