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FTX and Alameda Research's former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm's restructuring.FTX, now helmed by CEO John Ray III, has been tracking missing funds from the exchange since its collapse, which it estimates to be $8.9
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The disagreement is over the legitimacy of a governance vote that Mango Markets passed in order to retrieve a portion of Eisenberg's exploit funds. Mango Labs, which is representing the DAO in court, says that contract, which let Eisenberg keep much of his haul in exchange for a promise not
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Hive has applied the British Columbia Securities Commission for a management cease trade order, which restricts its CEO and CFO from trading shares until the filing has been completed. Source
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Crypto proponents would be wise to keep their eyes on nonfungible token (NFT) and metaverse trademark applications this year, which are “reliable signals” of future-use plans.Speaking to Cryptox, intellectual property lawyer Michael Kondoudis said while many people may think big corporations are just jumping onto the NFT trend as a
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FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court filings revealed. In bankruptcy court documents reviewed by Business Insider, FTX Digital Markets went through $40 million between January to September 2022, just two months before
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A 25-year-old crypto investor who traded nearly $2 billion (3 billion Australian dollars) worth of crypto in 2021 ran his crypto empire from the comfort of his parent’s home in Sydney, Australia, according to public records. The young gun in question, Darren Nguyen, has not spoken about the achievement of
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A group of non-U.S. FTX customers are pushing to have their names and private information redacted from court documents as part of the crypto exchange’s Chapter 11 bankruptcy process.In a Dec. 28 joinder filing, the “The Ad Hoc Committee of Non-US Customers of FTX.com” (Ad Hoc Committee) stressed that publicly
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Non-executive directors hired in the wake of the crypto exchange’s collapse are earning $50,000 a month – but the fees may pale in comparison to the overall costs of corporate restructuring. Source
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“The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been committed” with respect to the group, said the document filed in the U.S. Bankruptcy Court of the Southern District of New York. The documents were filed on behalf of Brian Simms, Kevin Cambridge, and
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