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” Stock price for troubled Bitcoin miner Core Scientific surges 200% “ Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy. Shares for the embattled miner were…
” SBF’s legal battle still has “a lot to play out,” according to legal commentators “ Sam Bankman-Fried, former FTX CEO, faces eight accusations and could get 115 years in jail, but there is a “lot to play out” until he gets a final sentence over the coming months or even years, legal commentators told…
” US Trustee names Wintermute on creditor committee in FTX bankruptcy case “ A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings. According to court documents filed Dec. 15, U.S. Trustee Andrew Vara named crypto market maker Wintermute Asia among those on the ‘Committee…
“Ryan Salame flipped on Sam Bankman-Fried about FTX” A top-ranking FTX executive last month flipped on Sam Bankman-Fried and his allies by tipping off Bahamian regulators about alleged malfeasance — two days before the doomed crypto platform filed for bankruptcy, according to court filings. Ryan Salame, who served as co-CEO of FTX Digital Markets prior…
” Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy “ Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders. B. Riley, a top lender to Core Scientific with $42 million in loans currently outstanding, outlined the…
” Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO “ Mike Belshe, the CEO of digital asset custodian BitGo has confirmed that Alameda Research attempted to redeem 3,000 Wrapped Bitcoin (wBTC) in the days before FTX’s bankruptcy filing on Nov. 11. During a Dec. 14 Twitter Spaces hosted by decentralized finance (DeFi)…
” FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried “ According to Bahamian court records filed on Dec. 14, Ryan Salame, the former co-CEO of FTX Digital Markets told the Securities Commission of the Bahamas (SCB) on Nov. 9 that FTX was sending customer funds to its sister trading firm…
” SBF planned to blame everyone but himself, shows leaked Congress testimony “ Former FTX CEO Sam Bankman-Fried, also known as SBF, was arrested on Dec 12, a day before he was set to testify before Congress remotely. A copy of his testimony, obtained by Forbes, highlights that the disgraced CEO planned to blame the spectral…
” FTX was an ‘utter failure of corporate controls at every level of an organization’, says new CEO “ John Ray, who took over as CEO of crypto exchange FTX amid bankruptcy proceedings, has provided detailed written testimony ahead of his Dec. 13 appearance before the United States House Financial Services Committee. In testimony made…
” Argo Blockchain reports insufficient funds, ‘no assurance’ it can avoid Chapter 11 bankruptcy “ Crypto mining firm Argo Blockchain has reported it had been negotiating to sell assets and “engage in an equipment financing transaction” in an effort to avoid filing for bankruptcy. In a Dec. 12 announcement, Argo Blockchain said it was at…