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Asset management firm Pantera Capital has emerged as one of the successful bidders in an auction of discounted Solana (SOL) tokens conducted by the liquidators overseeing the bankruptcy of the former FTX cryptocurrency exchange.
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Venture capital firm Pantera Capital successfully acquired an undisclosed amount of discounted Solana tokens in a recent auction orchestrated by the bankrupt FTX exchange managers.
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FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried.
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Bankrupt crypto exchange FTX will sell two-thirds of its stake in artificial intelligence (AI) startup Anthropic for $884 million, according to a Bloomberg report. The move comes as FTX seeks to repay its creditors and bolster its cash reserves.
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Former FTX customers, left uncertain of the fate of their funds after the collapse of the now-bankrupt crypto exchange, have turned their misfortune into a potentially profitable venture.
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London-based boutique distressed asset trading firm Attestor Ltd. experienced a significant bonanza as the value of crypto assets purchased from Sam Bankman-Fried’s FTX crypto exchange soared.
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A group of FTX investors have instituted a proposed class action against US law firm Sullivan & Cromwell for their role in the bankrupt crypto exchange’s fraud against its customers.
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In a significant development, crypto lender BlockFi has reached an “in principle” agreement with the estates of bankrupt FTX and its trading arm Alameda Research to settle nearly $1 billion in claims.
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A United States Judge has granted the request of FTX, the bankrupt cryptocurrency exchange, to sell off its substantial stake in an Artificial Intelligence (AI) startup company, Anthropic, enabling the exchange to accumulate more funds to repay its customers.
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Swiss authorities are investigating Tyr Capital, a crypto hedge fund, following accusations of disregarding risk warnings associated with the bankrupt FTX exchange before its November 2022 collapse, the Financial Times reported, citing legal documents filed in the Cayman Islands.
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In an interesting development, FTX creditors have launched a class action lawsuit against Sullivan and Cromwell (S&C), the law firm that is currently responsible for handling the bankruptcy proceedings of the defunct exchange.
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US Judge Lewis Kaplan ordered Sam Bankman-Fried (SBF) to appear in court on Feb. 21, 2024. Kaplan’s orders came after prosecutors wrote a letter to Kaplan about a potential conflict of interest in SBF’s legal representation, while, in the meantime, FTX lawyers wind up the exchange’s bankruptcy.
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A group of creditors of the bankrupt crypto exchange FTX filed an adversary lawsuit in response to the proposed payout plans, seeking to establish that deposits are their property rather than FTX’s.
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