BitGo declined Alameda’s attempt to redeem 3,000 WBTC
BitGo CEO Mike Belshe said the firm declined the request because the Alameda representative that reached out failed the security verification process.
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
CEO of FTX Group, John Ray, testifies before Congress about FTX collapse. Chairwoman Maxine Waters leads the hearing.
The charges include conspiracy to commit money laundering, conspiracy to commit wire fraud on customers and lenders and more.
FTX's legal team claimed that the Bahamas authority worked closely with SBF to mint FTX tokens worth millions of dollars, which were transferred to the government on Nov. 12.
SBF planned testimony released in light of arrest in Bahamas prior to U.S. House of Representatives testimony.
A Dec. 12 press statement by the Bahamas Attorney General revealed that the U.S. government had filed criminal charges against SBF and is likely to request extradition.
The U.S. Trustees have filed a claim asking the court to deny Debtors' request to seal individual and legal entities information.