DCG sells $22M worth of Grayscale shares to raise funds
DCG sold some of its Grayscale Ethereum shares at $8 per share — raising approximately $22 million, according to the Financial Times.
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
Around $14 million worth of assets, or 72% of the assets Hodlnaut deployed on centralized exchanges were on FTX.
Core Scientific said the transferred machines are "no longer necessary" for its "current operations and future business plans."
Bitfinex made four transactions — which included $6 million USDT and 1545 Ethereum (roughly $2.52 million) — to the bankrupt firm's wallet.
The creditor said the introduction of a Chapter 11 trustee is the most cost-efficient way to bring the case to an "equitable end."
Roughly 40% of FTX Group employees have been cut since the end of 2022 as administrators continue to sift through bankruptcy aftermath.
The crypto lender emphasized that eligible users must update their accounts with certain information before any withdrawals can be processed.