Lawyers for FTX say that customer claims for four SBF-linked cryptocurrencies: MAPS, OXY, SERUM, and BOBA should be heavily discounted or reduced to zero.
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Current investors such as Google and Amazon are not considering purchasing the stake, according to the report.
4853Pellegrino asserted that 3AC was financially unstable when proposing the arrangement to LayerZero and criticized Davies for misleading and taking advantage of associates and partners.
2471The move would allegedly serve as an equity remedy to repay customers who did not withdraw their funds in time before Celsius’ collapse.
3432Three Arrows Capital co-founder Kyle Davies appeared on a podcast and showed little remorse for his firm’s creditors and said he plans to avoid spending any time in a Singaporean prison.
3150London-based Attestor has filed a lawsuit against FTX claims seller Lemma after making a 200% profit on the purchased FTX claims stash.
17431A Google document attached to the U.S. government sentencing memorandum reveals “random probably bad ideas” that Sam Bankman-Fried had to repair his public image.
8823Some Celsius account holders claim they are being forced to accept U.S. dollars instead of crypto, resulting in much smaller payments than they were initially promised.
15256The bankrupt crypto companies have resolved their disputes for nearly $1 billion, which could lead to full recovery for BlockFi’s customers.
7879Cryptocurrency users whose assets were affected by FTX’s bankruptcy took to X to express their concerns, seeking accountability from FTX.
13082The former exchange explained that when the FTX Debtors sell locked digital assets, the terms and conditions governing the schedule for unlocking the holdings would still stand.
33701Gemini said that 97% of the assets should be recoverable within two months and the remaining asset balance within the next 12 months.
7993The FTX collapse and initial efforts to recover funds are described in new letters attached to Sam Bankman-Fried’s sentencing submission.
18681FTX Europe will be sold back to its founders for $32.7 million, roughly three years after being acquired by Sam Bankman-Fried for $323 million.
7296Three Arrows Capital’s liquidators intend to pay interim dividends to creditors on or around March 31, 2024. Claims must be submitted by March 14.
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