FTX paid $12M retainer to a New York law firm before bankruptcy filing

Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services. дальше »

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Judge pulls out of SBF-FTX case citing husband's law firm's advisory link

Judge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021. дальше »

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Blockware Customer Accuses Bitcoin Mining Firm of Fraud

Lawsuit seeks at least $250,000 of damages. дальше »

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Blockware Solutions Customer Accuses Bitcoin Mining Firm of Fraud

Lawsuit seeks at least $250,000 of damages. дальше »

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Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal. дальше »

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Retail Investors’ Bitcoin Ownership Hits All-Time High With 17% Of Total Supply

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Mythical Games Sues Former Executives for Secretly Raising $150M for New Firm

The Web3 gaming studio alleges that the former executives, who departed the firm in November, used knowledge gained from raising funds for Mythical to acquire capital for their new firm, Fenix Games. дальше »

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Bitcoin miner Core Scientific to access $37.5 million loan

Bitcoin miner Core Scientific has been granted access to obtain a $37.5 million loan from its creditors. The loan is supposed to allow the mining firm to temporarily carry on operations. дальше »

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HK legislator’s firm to lure 1,000 Web3 start-ups over 3 years

G-Rocket is aiming to attract 1,000 Web3 start-ups to Hong Kong and will help them with banking, government services and office spaces. дальше »

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Crypto firm Bullish calls off $9bn SPAC deal

Crypto exchange Bullish, which aimed to go public on NYSE, has declined the $9bn merger citing the market conditions and the SEC’s new rules on crypto. The crypto winter has affected business relationships across the globe. Far Peak Acquisition Corporation… дальше »

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Bitcoin Protocol Development Steadily Progressing Despite Only 40-60 Monthly Active Developers: NYDIG

The report was written by Bitcoin-focused investment firm, New York Digital Investment Group дальше »

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Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults

Orthogonal defaulted on $36 million of loans on decentralized finance (DeFi) protocol Maple Finance earlier this month after it misrepresented its losses from the FTX implosion. дальше »

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Ethical crypto hackers awarded $66M in bounties

Blockchain security firm Immunefi has reported that it has processed more than $65.9 million in crypto bounties paid to ethical hackers over 1,248 reports since it was founded in 2020. According to a Dec. 22 report, Web 3.0 projects list… дальше »

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Navigating The Crypto Storm: Wintermute Accused Of Running A Sinking Ship

Wintermute, a cryptocurrency trading firm, made headlines in September 2022 when it suffered a massive $160 million hack. However, the company continued to operate following a hack that would likely destroy some firms. дальше »

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Third parties could return FTX funds directly to customers: Law firm

According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings. дальше »

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FTX Creditors Hire Law Firm Paul Hastings as Representation

Paul Hastings beat out multiple law firms that pitched to lead legal work in the bankruptcy proceedings. дальше »

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California watchdog issues cease order on crypto firm

The California Department of Financial Protection and Innovation (DFPI) has ordered the cryptocurrency lending platform MyConstant to stop marketing many of its cryptocurrency-related products. дальше »

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Wintermute: The new crypto behemoth rising from the ashes of FTX and Alameda

Founded amid the 2018 bear market, Wintermute rose from a small trading firm with less than $1 million in revenue to a crypto behemoth that traded $1.5 billion in volume last year. The post Wintermute: The new crypto behemoth rising from the ashes of FTX and Alameda appeared first on CryptoSlate. дальше »

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Bernie Madoff’s Lawyer: Sam Bankman-Fried Should ‘Shut Up’

Ira Lee Sorkin, partner at law firm Mintz & Gold, discusses why he would’ve told the disgraced CEO to “keep his mouth shut” and not speak to various media outlets after the FTX exchange filed for bankruptcy protection. дальше »

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XRP Accumulation: Key Sharks And Whales Group Hits All-Time High Holdings

On-chain data shows a key XRP sharks and whales group has been accumulating recently, a sign that could be positive for the asset’s price. XRP Whales And Sharks With 1M-10M Tokens Now Hold All-Time High Supply As per data from the analytics firm Santiment, 7. дальше »

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Why 2023 could bring some good news for this bankrupt cryptocurrency lender

Cryptocurrency firm Celsius received proposals from 30 possible purchasers or its mining and retail operations Galaxy Digital Holding intends to purchase Celsius' custody platform, GK8 ThirtThe post Why 2023 could bring some good news for this bankrupt cryptocurrency lender appeared first on AMBCrypto. дальше »

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Crypto on-chain crime drama sees the good guys finally win

Security firm Harpie managed to avert a crypto robbery by simply paying a higher gas fee than the exploiter.

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Crypto firm Auros discloses provisional liquidation, thanks to FTX

Auros suffered from a $20 million exposure in the FTX debacle. The company found itself in a situation where immediate liquidity was insufficient to meet lender recalls. The troubled global The post Crypto firm Auros discloses provisional liquidation, thanks to FTX appeared first on AMBCrypto. дальше »

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How to avoid getting hooked by crypto ‘ice phishing’ scammers: CertiK

Ice phishing is a type of scam that exists only in Web3 and is a “considerable threat” to the crypto community, the firm says.

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Who has returned donations or contributions from FTX amid the firm’s reputational risks?

Politicians and news organizations have reportedly planned to return roughly $6.6 million in donations from FTX — a mere fraction of the crypto exchange's estimated contributions. дальше »

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Bankrupt Celsius Could Follow in Voyager Digital’s Footsteps and Be Acquired Soon

The bankrupt crypto firm Celsius receives multiple bid offers. Could it follow Voyager Digital’s footsteps and be acquired by Binance soon? The post Bankrupt Celsius Could Follow in Voyager Digital’s Footsteps and Be Acquired Soon appeared first on BeInCrypto. дальше »

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Crypto Trading Firm Auros, Hit by FTX Collapse, Discloses Provisional Liquidation

The move, granted by a British Virgin Islands court in November, allows officials to seek restructuring advice. Auros missed payments on $17.7 million of loans from lending pools on bad debt-ridden protocol Maple Finance. дальше »

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Auros Global expects to resume regular operations following restructuring plan

The crypto trading firm reportedly suffered a $20 million dollar exposure in the FTX collapse.

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Bitcoin miner Greenidge reaches debt restructuring agreement with NYDIG

Greenidge Generation (GREE) has agreed with NYDIG to restructure a $74. 7 million debt owed to the crypto trading firm. NYDIG to acquire Greenidge mining machines In a press statement released on Dec. дальше »

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South Korean court freezes $92m of Terra-related funds

The Seoul Southern District Court froze 120 billion won — equivalent to $92 million as of press time — owned by former and incumbent CEOs of Terraform Labs’ affiliate firm Kernel Labs. The Korea Economic Daily reported on Dec. 20 that South Korean… дальше »

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Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG

The deal, if executed, would essentially restructure the company into a hosting firm for Bitcoin mining rigs.

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Layer 2 Labs Raises $3M At Launch To Supercharge Bitcoin's Ecosystem

The firm, led by BIP 300 and BIP 301 author Paul Sztorc, is on a mission to bring privacy, scalability and better UX solutions to Bitcoin. дальше »

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South Korean court freezes $92M in assets related to Terra tokens

The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra.

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BlockFi one step closer to opening withdrawals, but not for majority of users

Lending firm BlockFi has filed a motion that could allow customers to withdraw funds from their wallets, according to an email that was leaked on December 19. The post BlockFi one step closer to opening withdrawals, but not for majority of users appeared first on CryptoSlate. дальше »

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Grayscale may return 20% of GBTC’s capital only if these conditions are met

Grayscale Investments has been in a legal battle with SEC since 2021. The SEC refused the firm's request for a spot Bitcoin exchange, leading to the tussle. Grayscale Investments, the firm bThe post Grayscale may return 20% of GBTC’s capital only if these conditions are met appeared first on AMBCrypto. дальше »

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Bitcoin Hardware Wallet Maker Foundation Devices Completes $7 Million Seed Round

Led by Polychain Capital, new investors into the Bitcoin hardware and software firm include Greenfield Capital and Lightning Ventures. дальше »

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Binance.US To Pay $1.02 Billion To Get Insolvent Voyager Digital’s Assets

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Binance Losing Auditing Partner Mazars Leaves Crypto Questions Unanswered

French auditing firm Mazars, which had published proof-of-reserves for Binance and other exchanges, on Friday announced it cut ties with its clients in the crypto industry. дальше »

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Grayscale may offer to buyback GBTC if ETF conversion fails – WSJ

Grayscale Investment CEO Michael Sonnenshein has informed GBTC shareholders that the firm could offer to buy back up to 20% of the outstanding shares worth approximately $10. 7 billion, The Wall Stree Journal reported December 19. дальше »

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Over 17m Twitter users voted for Elon Musk to step down

As per a recent twitter poll by Elon Musk on whether he should step down as Twitter CEO, Vitalik Buterin expressed a lot of respect for the Billionaire's action. Snowden, who also expressed interest in being the firm's CEO, said he would receive Bitcoin payments incase he is picked. дальше »

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Binance.US To Acquire Bankrupt Voyager Digital’s Assets

The American Binance entity has submitted a winning bid for the bankrupt cryptocurrency firm’s assets. дальше »

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Crypto investment firm CoinShares debuts trading on Nasdaq Stockholm

CoinShares’ stock was previously listed on the Nasdaq First North Growth Market, an alternative stock exchange for small and medium-sized companies. дальше »

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Binance.US set to acquire Voyager Digital assets for $1B

Previously, FTX US was the largest bidder for the firm’s assets, with an offer of $1.4 billion.

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Binance’s beacon chain transaction record and balance raises suspicion 

A crypto analyst delivered a breakdown of Binance's beacon chain transactions after stating something suspicious is happening with the firm.  дальше »

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Binance Finalizes Acquisition of Indonesian Crypto Trading Firm Tokocrypto

Tokocrypto CEO will step down and 58% of staff to be laid off as part of the deal, says Tokocrypto spokesperson. дальше »

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Binance Controversy Continues As Experts Warn Of Serious Fallouts Due To FUD

Binance rumors were the all-dominant topic last week after the FOMC meeting. Rumors of insufficient proof of reserves and the pullback from accounting firm Mazars, allegations of a bank run and insolvency, as well as CZ’s interview on CNBC have dragged the Bitcoin and crypto sentiment and prices down. дальше »

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Crypto addresses depositing stablecoins reached new all-time-high (ATH)

According to the blockchain analytics firm CryptoQuant, coin addresses depositing stablecoins on derivative exchanges hit a new all-time high (ATH). дальше »

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350 new 'scam tokens' were created every day this year: Solidus Labs

Nearly 118,000 scam tokens were deployed from the start of January through the end of November, according to blockchain risk monitoring firm Solidus. дальше »

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Andreessen Horowitz partners lay out 2023 tech predictions

Several partners at Silicon Valley venture capital firm Andreessen Horowitz (AH) chose to spotlight a plethora of big tech ideas that they believe could shape 2023. дальше »

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Auditing firm BDO could follow Mazars in abandoning crypto clients

BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on December 16. The post Auditing firm BDO could follow Mazars in abandoning crypto clients appeared first on CryptoSlate. дальше »

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