Bankruptcy
FTX reorganizing on-chain assets by bridging tokens, consolidating holdings
The movement of funds is another step toward the end of FTX's bankruptcy process.
Mike Dalton 2 min read
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FTX cold wallet moved almost $10M in altcoins to Ethereum since Aug. 31
The altcoins include notable tokens like LINK, SUSHI, LUNA, and YFI.
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Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’
Another creditor group claims Genesis is buying FTX's support through the settlement.
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US Bitcoin Corp to host 8,500 of Celsius’ mining rigs as part of asset management deal
The data center operator said it could manage up to 310,000 Bitcoin miners from Celsius and other clients.
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Bankrupt BlockFi proposes client asset conversion into stablecoins for trade-only wallets
Trade-only withdrawal worries overcome as BlockFi seeks to convert assets to stablecoins in bankruptcy proceedings.
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Digital Currency Group to pay $1.4B as agreement made with Genesis for up to 90% of funds
Genesis bankruptcy reorganization plan agrees to $1.4B DCG finance for creditor recovery.
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Cybersecurity breach at Kroll leaks FTX, BlockFi bankruptcy claimants’ data
FTX warned its community to be wary of bad actors who might try to capitalize on the incident.
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Prime Trust lost $8M after Terra collapsed; bought $76M ETH in unrelated wallet loss
The company revealed the numbers in a new bankruptcy filing.
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FTX wants court to allow up to $200M weekly crypto sale, restart ‘hedging’ BTC
Proposed engagement with Galaxy bolsters FTX's restructuring endeavors by monetizing crypto assets.
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Celsius set to vote on asset sale plan after court approves disclosures
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Federal Reserve shuts down Farmington Bank over unapproved stablecoin project
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Alameda Research, Genesis Global resolve $3.88B claim dispute with $175M agreement
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