Sam Bankman-Fried has claimed that he wan not aware of Alameda's finances but a report by Forbes indicates that he had knowledge about the quant trading firm's finances.
Summary: Galaxy Digital won a bid to buy one of Celsius’s assets as part of bankruptcy proceedings for the crypto lender. Mike Novogratz’s company will buy GK8, a custodial business that Celsius acquired over a year ago in November 2021. The custodian plans to launch crypto trading and lending for...
Summary: Crypto lender BlockFi declared bankruptcy on Monday after exposure to FTX. The company had some 100,000 creditors and around $256 million in cash when chapter 11 was filed. FTX backed the lender with a $250 million loan following Three Arrows Capital exposure. Cryptocurrency lender BlockFi filed for chapter 11...
Summary: Tron founder Justin Sun said his team was in the Bahamas where FTX is based to evaluate a potential deal. Sun noted that the process might be long especially since Sam Bankman-Fried’s company already filed for bankruptcy. The billionaire digital currency proponent opined that FTX’s contagion will hurt crypto’s...
