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” FTX resumes employee and contractor payments after weeks in limbo “ Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world. The announcement came from new FTX CEO John Ray III on Nov. 28, as the insolvency professional looks to help…
” BlockFi sues FTX’s Bankman-Fried over shares in Robinhood “ Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November. The suit was filed on Nov. 28 in the United States Bankruptcy Court for the…
“J. Nicholas Bryant scammer story ‘more wild’ than Anna Delvey” A Texas man who funded his lavish lifestyle of fancy cars, gourmet meals and yacht rides by scamming $1.5 million from unsuspecting victims claims he has socialite scammer Anna Delvey and famed ex-forger Frank Abagnale Jr. beat. “My story might be more wild than theirs….
” Block Earner CEO calls for licensing clarity after being sued for crypto products “ The CEO of fintech firm Block Earner has lashed out over the “lack of clarity” in Australia’s financial licensing regime after his company was sued by the country’s financial services regulator for providing unlicensed crypto-based investment products. The Australian Securities…
” Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing “ Detained Tornado Cash developer Alexsey Pertsev will spend another three months in custody in the Netherlands, according to a court hearing held on Nov. 22. Cointelegraph attended a preliminary court hearing at the Palace of Justice in ’s-Hertogenbosch, which outlined the…
” FTX ordered to pay reimbursement fees to Bahamian regulators “ The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters. The Supreme Court of Bahamas issued an order in favor of the Securities Commission on Nov. 21, ordering the troubled crypto…
“Manhattan woman whose dog plunged to its death gets animals back” The city has returned at least seven dogs to an accused hoarder who briefly lost possession of the animals after one fell three stories to its death. On Friday, frustrated neighbors found authorities returning the beleaguered pooches to Stacey Kirkland’s Broome Street loft, and…
” SBF’s lawyers terminate FTX representation due to conflicts of interest “ Paul, Weiss, the law firm backing FTX CEO Sam Bankman-Fried (SBF) amid bankruptcy, renounced representing the entrepreneur, citing a conflict of interest. The decision to withdraw from representation after SBF’s tweets were found to disrupt the law firm’s reorganization efforts. Starting Nov. 14,…
” South Korea seizes $104M from Terra co-founder suspecting unfair profits “ While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the victims of the year’s first crypto crash — Terraform Labs. Nearly six months after the Terra (LUNA) blockchain was officially halted,…
” SBF received $1 billion in personal loans from Alameda: FTX bankrupty filing “ Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange. A formal declaration in ongoing Chapter 11 bankruptcy filings from FTX’s new CEO John…