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” Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis “ Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines (ATMs) in the United States and Brazil, filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Nevada on Feb. 7. According to its filing,…
” 3AC founder has ‘chosen to ignore his duties’ by not responding to subpoena, say bankruptcy lawyers “ Three Arrows Capital founder Kyle Davies has not responded to a subpoena issued over Twitter aiming to gather information related to the firm’s assets. In a Feb. 7 filing with United States Bankruptcy Court in the Southern…
” DCG offloads Grayscale shares to raise capital: Report “ Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise capital and preserve liquidity. According to a Feb. 7 Financial Times report citing seen United States securities filings,…
” Voyager subpoenas FTX and Alameda execs as judge orders fee examiner “ Lawyers representing bankrupt crypto broker Voyager Digital have served former FTX CEO Sam Bankman-Fried and other FTX and Alameda Research executives with subpoenas requesting information. The subpoenas have a very wide scope, with Voyager’s lawyers seeking copies of any documents and communication…
” Sam Bankman-Fried lawyers reach agreement on use of messaging apps “ Sam Bankman-Fried’s (SBF’s) lawyers have reached an agreement with federal prosecutors concerning his use of messaging apps. According to a Feb. 6 court document, both parties have agreed SBF “shall not use any encrypted or ephemeral call of messaging application, including but not…
” Genesis entity going up for sale as DCG makes creditor pact “ Genesis Global has announced it has reached an “agreement in principle” with Digital Currency Group (DCG) which will eventually see its crypto lending and trading arm sold as part of restructuring efforts. According to a Feb. 6 press release, DCG would contribute…
” FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange “ John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy. In testimony for FTX’s case in the United States Bankruptcy Court for the District of Delaware on…
” Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — Microstrategy co-founder “ High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to Microstrategy co-founder Michael Saylor. In a Feb. 3 interview on CNBC’s Squawk on the Street, Saylor opined…
” FTX seeks to claw back political donations by the end of February “ FTX’s new management is seeking to recover political donations made by Sam Bankman-Fried and other FTX executives until February 28, according to a statement disclosed on Feb. 5. The move is part of bankruptcy proceedings and an effort to repay the…
” Google invests $300M in AI firm previously funded by Sam Bankman-Fried “ Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed. While the $300 million figure…