SEC, FTX, and Three Arrows Capital contest BlockFi’s bankruptcy plans

The U. S. Securities and Exchange Commission (SEC), alongside bankrupt crypto firms FTX and hedge fund Three Arrows Capital (3AC), have objected to BlockFi’s bankruptcy plans, according to July 5 court filings.

172 +

Prosecutors uphold SBF charges as defense arguments dismissed

Prosecutors have requested a Manhattan federal court judge to deny FTX founder Sam Bankman-Fried's motion to dismiss criminal charges brought against him. Bankman-Fried is accused of embezzling billions of dollars from clients to cover losses at his hedge fund.

145 +

Can Solana overcome the FTX collapse? Avorak AI provides deep-learning insights

The close association between FTX and Solana, including investments and integration, proves detrimental as funds and users leave the platform. FTX-owned hedge fund Alameda Research acquired a significant portion of SOL.

170 +

Alameda-Backed ‘Samcoins’ CEO Alex Grebnev Sued by Cointelegraph Owner Gregory Fishman

Alex Grebnev, CEO of the Maps.me (MAPs) and Oxygen (OXY) cryptocurrency projects closely linked to Sam Bankman-Fried’s failed FTX empire, is being sued by Gregory Fishman, reportedly an owner of crypto news site CoinTelegraph on allegations of fund misappropriation.

142 +

BlockFi Creditors Await Fund Recovery: FTX Clawback in Focus

BlockFi has outlined how it intends to distribute assets among its creditors. But what can be recovered rests on its claims against FTX. The post BlockFi Creditors Await Fund Recovery: FTX Clawback in Focus appeared first on BeInCrypto.

159 +

IRS Asserts First Dibs On FTX Bankruptcy Payout To Recover $44 Billion In Taxes

The US Internal Revenue Service (IRS) has filed tax claims in the FTX bankruptcy as the defunct exchange’s creditors seek fund reimbursement. This recent report shows the IRS filed dues of $44 billion in taxes associated with FTX and its subsidiaries.

79 +

OKX just sent $60M in USDT, MASK token to Alameda Research

The fund transfer may be part of a recovery effort to repay creditors of the failed FTX crypto exchange.

46 +

Canadian pension fund to avoid crypto after $95M FTX loss

The Ontario Teachers’ Pension Plan decided to steer clear of crypto investments after losing $95 million in FTX.  The lost funds represent just 0.05% of the fund’s portfolio, but was stillThe post Canadian pension fund to avoid crypto after $95M FTX loss appeared first on AMBCrypto.

211 +

Canadian pension fund to avoid crypto after the $95 million FTX loss

The Ontario Teachers’ Pension Plan decided to steer clear of crypto investments after losing $95 million in FTX.  The lost funds represent just 0.05% of the fund’s portfolio, but was stillThe post Canadian pension fund to avoid crypto after the $95 million FTX loss appeared first on AMBCrypto.

231 +

Ontario Teachers' Pension Plan Won't 'Rush' Into Crypto After FTX Write-Off: FT

The $190 billion Canadian pension fund is "still working through what exactly happened there," according to its CEO.

140 +

$190B Ontario pension says no to crypto after FTX investment loss

The pension fund had invested twice in the now-bankrupt crypto exchange, once during the peak of the bull run in 2021 and again in early 2022.

172 +

FTX philanthropic donations have created a complex dilemma for recipients

University-affiliated research initiatives received more than $13 million in grants from the FTX Future Fund, with several students getting $100,000 in grants.

299 +

FTX Bankruptcy Team Claws Backs $404M From Bahamas Hedge Fund

The restructuring team of FTX has settled with a Bahamas-based hedge fund, Modulo, and recovered over $400 million. The post FTX Bankruptcy Team Claws Backs $404M From Bahamas Hedge Fund appeared first on BeInCrypto.

135 +

FTX to claw back $460 million from SBF-backed hedge fund

FTX is looking to recover $460 million for its stakeholders. Alameda Research invested $400 million into Modulo Capital in 2022. On 22 March, the FTX estate filed a motion to enter into a seThe post FTX to claw back $460 million from SBF-backed hedge fund appeared first on AMBCrypto.

230 +

FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital

Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475m in 2022. The recovery includes $404m of cash.

185 +

Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash

Coinspeaker Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash FTX's sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity.

62 +

Alameda, FTX Demand Grayscale To Unlock $9 Billion From BTC, ETH Trusts In New Lawsuit

Grayscale, the world’s largest Bitcoin fund, is being sued by Alameda and FTX on behalf of FTX’s debtors and affiliates. According to a press release issued by the FTX Debtors on Monday, claims have also been filed directly against Grayscale CEO Michael Sonnenshein and Digital Currency Group (DCG) CEO Barry Silbert. Grayscale is owned by […]

209 +

Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals

The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.

68 +

Crypto Hedge Fund Galois Capital to Shut Down due to FTX Losses

Crypto hedge fund Galois Capital is winding down its operations after having lost roughly half of its assets to FTX. 16 Cents on the Dollar The crypto industry is still...

149 +

Another One Bites The Dust: Crypto Fund Galois Ceases Operations After Losing Half Its Capital To FTX

Texas-based crypto-focused quantitative hedge fund Galois Capital has closed its business after losing a considerable portion of its assets in the spectacular implosion of the FTX crypto exchange.

391 +

Galois Hedge Fund Shuts Operations After Losing to FTX Collapse: Report

The Galois Capital hedge fund is the latest casualty of the FTX demise. According to FT, it has chosen to shut down and repay investor funds. The post Galois Hedge Fund Shuts Operations After Losing to FTX Collapse: Report appeared first on BeInCrypto.

211 +

Crypto hedge fund Galois shuts down following exposure to FTX

Galois has halted all trading after losing $40 million to FTX. The hedge fund has become the latest entity to be negatively affected by FTX’s collapse.   The company said it would take a few years to recover some of its funds.

189 +

Galois Capital shuts down in aftermath of FTX collapse

Galois Capital has moved to shut down its hedge fund operations following a $40 million loss resulting from the FTX collapse, according to the Financial Times (FT). The post Galois Capital shuts down in aftermath of FTX collapse appeared first on CryptoSlate.

172 +

Crypto Hedge Fund Galois Capital Shuts Down After Losing $40M to FTX

Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX.

179 +

Silvergate Under DOJ Investigation for Alleged Money Laundering Through FTX

Silvergate Bank, the crypto lender that recently received a $200 million investment from Peter Thiel’s Founders Fund, is under investigation by the United States Department of Justice (DOJ) for its dealings with cryptocurrency exchanges FTX and Alameda Research The post Silvergate Under DOJ Investigation for Alleged Money Laundering Through FTX appeared first on BeInCrypto.

305 +

Crypto-Focused VC Firm Pantera’s Liquid Token Fund Lost 80% in 2022

The fund took a 23% hit in November in the aftermath of FTX's collapse.

189 +

Beto O’Rourke sets up $100,000 fund from $1M SBF donation for FTX victims

United States politician Beto O’Rourke who received a $1 million donation from collapsed FTX’s founder Sam Bankman-Fried has reportedly set aside a $100,000 fund for victims of the FTX collapse.

236 +

Genesis' Crypto Lending Businesses File for Bankruptcy Protection

The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.

173 +

Genesis' Crypto Lending Businesses Files for Bankruptcy Protection

The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.

235 +

FTX: Alameda could borrow up to $65 billion without collateral

FTX's back door to Alameda gave the research arm access to borrow billions of customers fund without collateral The recovered funds are less than the assets that were supposed to be on both FTXThe post FTX: Alameda could borrow up to $65 billion without collateral appeared first on AMBCrypto.

220 +

After FTX Comes GTX: Failed 3AC Founders Set To Float New Exchange

59 +

Hedge Fund Star Ackman Explains Why He Was Sympathetic to FTX's SBF

Ackman explained that people accused of crime deserve presumption of innocence until proven guilty

170 +

Grayscale Bitcoin Fund up 25% this year, but discount still killing investors

Key Takeaways GBTC Fund is up 25% since the start of the year, compared to a 4% rise in the underlying asset, Bitcoin The discount is now back to where it was prior to the FTX collapse, at 37% The discount had hit an all-time high of 50% only four weeks ago   The largest […] The post Grayscale Bitcoin Fund up 25% this year, but discount still killing investors appeared first on CoinJournal.

61 +

Sam Bankman-Fried's charitable donations sought by FTX: Report

FTX's new management is seeking to recover millions of dollars donated by Future Fund and SBF.

203 +

IMF calls for stiffer regulations in African crypto market

The International Monetary Fund (IMF) renewed calls for better consumer protection and regulation of the cryptocurrency industry in the wake of the FTX collapse.

207 +

US to investigate $372 million stolen in FTX exploit post bankruptcy

Hours after defunct crypto exchange FTX and hedge fund Alameda Research filed for bankruptcy on November 11, large amounts of funds were moved out of the exchange. The post US to investigate $372 million stolen in FTX exploit post bankruptcy appeared first on CryptoSlate.

214 +

FTX's Blockfolio Stake Was Paid for Mostly in FTT: Bloomberg

Bankrupt cryptocurrency exchange FTX used its own token, FTT, to fund the purchase of a majority stake in trading platform Blockfolio in 2020, Bloomberg reported Thursday.

202 +

Eightcap notes increase in crypto derivatives trading

November left its mark on crypto investors worldwide. After leaked Alameda Research’s (FTX’s sister hedge fund) balance sheets revealed billions of dollars' worth of FTX’s own token FTT was heldThe post Eightcap notes increase in crypto derivatives trading appeared first on AMBCrypto.

251 +

First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings

Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.

226 +

Solana (SOL) Attracts Fund Flows Second Week Straight for First Time Since FTX Collapse

SOL sparks investors' interest as this funds flows data shows

188 +

TON Steward Announces $126M Rescue Fund to Attract More Projects

Coinspeaker TON Steward Announces $126M Rescue Fund to Attract More Projects The TON Foundation's rescue fund will help projects experience liquidity problems amid the recent collapse of the crypto exchange FTX.

238 +

Hedge Fund Manager Mark Yusko Warns of Two Shock Waves That Could Kill Crypto

Mark Yusko, a renowned hedge fund manager, gave his take on whether the FTX collapse will speed up or slow down the crypto bear market. He focused on two keystones of the crypto industry—GBTC and Tether.

209 +

Ton Steward Looks to Draw Projects to its Ecosystem With $126M Rescue Fund

The stewards of the TON network have set up a 'rescue fund' with a soft commitment of $126 million to support projects experiencing liquidity problems as a result of the FTX fallout.

219 +

FTX Hacker Sends Part of Stolen Funds to OKX Exchange

Coinspeaker FTX Hacker Sends Part of Stolen Funds to OKX Exchange A market analyst has spotted a pattern in the fund transfers made by the FTX hacker to OKX. The crypto exchange said that it is investigating into the matter.

76 +

Singapore's Financial Regulator Defends Itself After FTX Blowup

Singapore state fund Temasek’s investment in FTX has caused reputational harm, but “it is the nature of investment and risk-taking,” said Deputy Prime Minister Lawrence Wong.

71 +

Binance Deploys $2 Billion To Save Crypto Industry After FTX’s Fall From Grace

427 +

IMF warns Africa about the risks of its crypto adoption: “time to regulate”

The International Monetary Fund (IMF) warned Africa about the risks brought on by its quickly mounting cryptocurrency adoption. In a recent announcement, the IMF wrote that the recent collapse of major crypto exchange FTX and following crypto market crash “is…

221 +

IMF: the African crypto market needs regulation as it keeps growing

The International Monetary Fund (IMF) has noted that the rapid emergence and evolution of cryptocurrencies in Africa has highlighted the need for more effective regulatory efforts. Delays in adoption The recent collapse of the FTX cryptocurrency exchange highlighted the risks…

168 +

Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund

Changpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues but was not for “liars or frauds.”

142 +