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Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
[Jun 18, 2023 2:30 PM] In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate…
Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings
[Jun 16, 2023 5:30 PM] Bittrex US, the now-defunct cryptocurrency exchange in the United States, has recently introduced a plan that permits American customers to withdraw crypto and fiat from the platform, provided they satisfy the required regulatory criteria. This…
US Government Presses for Independent Examiner in FTX Bankruptcy Case
Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit
[May 8, 2023 6:30 PM] Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has…
FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
[Jan 31, 2023 1:30 PM] The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1)…
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital
[Jan 31, 2023 9:00 AM] On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the…
Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy
Examining the Holdings of 5 Centralized Crypto Exchanges: A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi
[Jan 22, 2023 10:00 AM] After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset…
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
[Jan 4, 2023 4:30 PM] Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting…
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals
[Nov 19, 2022 7:00 AM] Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in…
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse
[Nov 16, 2022 2:30 PM] The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is…
Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator
[Nov 15, 2022 11:30 AM] On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB…
Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX
[Nov 14, 2022 3:30 PM] After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were store