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“The court finds that all digital assets held by the debtors in custodial omnibus wallets are indeed client property, and not property of the bankruptcy estates, subject, of course, to possible avoidance and clawback rights,” Kaplan said, but had less happy news for BIA customers. Original Source
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Deltec, a Cayman Islands company whose banking arm serves stablecoin company Tether, “shall and is hereby authorized and directed to pay to Alameda an amount equal to USD 52,859,644,” plus $10,538 in interest per day, bankruptcy Judge John Dorsey said in an order. Original Source
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Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether (USDT) stablecoin.In 2018 the exchange borrowed more than $600 million from Tether, with which it shares executives and ownership. The transaction was made public in
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