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Zhu Su and Kyle Davies, the founders of bankrupt hedge fund Three Arrows Capital, last month teamed with the co-founders of troubled crypto exchange CoinFLEX to create Open Exchange, calling it the "world's first public marketplace for crypto claims trading and derivatives," as CoinDesk reported. Source
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According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally
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Former U.S. National Football League (NFL) quarterback Tom Brady’s estranged wife Gisele Bundchen has said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she only invested in FTX because her financial advisors recommended it. Bundchen and Brady’s Shareholding in FTX Gisele Bundchen, a fashion model and
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The debtors in FTX’s bankruptcy case hreported the various company silos had more than $4 billion in scheduled assets as of November 2022, but said they were still investigating the firm's crypto holdings.In a March 17 filing with United States Bankruptcy Court for the District of Delaware, FTX debtors submitted
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The company wants to sell off its business after filing for bankruptcy on Jan. 19. Source
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Zhu Su and Kyle Davies, the founders of bankrupt hedge fund Three Arrows Capital, last month teamed with the co-founders of troubled crypto exchange CoinFLEX to create Open Exchange, calling it the "world's first public market place for crypto claims trading and derivatives." Source
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Summary: Mt. Gox rehabilitation trustee Nobuaki Kobayashi reminded creditors to file registration claims before the Mar. 10 deadline.The deadline was extended from January to March at the start of 2023, along with the repayment deadline.Creditors can pick between four repayment options including cryptocurrency and money transfer services. Mt. Gox rehabilitation trustee
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According to an announcement on Mar. 7, cryptocurrency exchange Binance has added an additional 11 tokens to its proof-of-reserves (PoR) report. These include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. With the latest update, Binance says it now has over $63 billion across 24 assets
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Delays to the deal are costing the company $10 million per month, a Sunday court filing on behalf of Voyager said, expressing surprise at delays and evolutions in the SEC’s position on the matter, and urging a speedy resolution to the bankruptcy case. Original Source
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The court did dismiss claims against the company and Saylor that they conspired to violate D.C.’s False Claims Act. Source
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