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China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month.The deal was made with “two unaffiliated
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Alameda alleges that Bankman-Fried and other insiders paid Embed misappropriated FTX funds in late September 2022, only weeks before the crypto exchange filed for bankruptcy. Source
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Representatives for FTX said whether assets belong in the Bahamian estate or in the U.S. estate remain open issues. Original Source
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FTX had asked the court to greenlight the dismissal after Turkish authorities ordered the seizure of most of the crypto exchange's assets in the country. Source
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The U.S. estate of the bankrupt crypto exchange doesn’t reckon the Turkish authorities are going to cooperate, after their seized local assets in November Original Source
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Interested buyers may officially begin to indicate their interests between January 18 and February 1.Bankruptcy judge John Dorsey has cleared FTX to sell four of its key units in its bid to raise funds to repay creditors. This means that the collapsed exchange may now sell off its FTX Europe,
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Judge John Dorsey of the Delaware Bankruptcy Court, charged with overseeing the wind-up of the exchange, approved the measures in an order dated Thursday after a hearing held Wednesday. Sale notices will be published within around three business days, with indications of interest to be received between Jan. 18 for
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As of Sunday, “approximately 117 parties, including various financial and strategic counterparties globally, have expressed interest to the debtors [FTX] in a potential purchase of one or more of the businesses,” said a legal declaration by Kevin Cofsky, a partner at Perella Weinberg, the investment bank hired by FTX Group
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A close look at the regulatory filing shared by the firm showed that it offloaded a total of 704 Bitcoin units worth approximately $11.8 million.The most Bitcoin (BTC) bullish Wall Street company in the world, MicroStrategy Incorporated (NASDAQ: MSTR) has announced it has increased its Bitcoin holdings by exactly 2,395
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Crypto exchange FTX petitioned a federal court for permission to sell several subsidiaries on Thursday, including U.S.-based derivatives wing LedgerX. Source
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