OKX to Hand Over $157 Million in Frozen Assets Related to FTX and Alameda Research to Debtors
Cryptocurrency exchange OKX has announced its decision to hand over approximately $157 million in frozen assets related to FTX and Alameda Research to the debtors. This move comes in response to a motion filed in the FTX bankruptcy proceedings.
OKX to Turn Over $157 Million in Frozen FTX and Alameda-Related Assets
OKX hopes that the frozen assets will ultimately be returned to FTX users through the bankruptcy process.
Breaking: Ex-FTX CEO SBF Using Alameda Money For Legal Defense
Sam Bankman-Fried, the former CEO of FTX cryptocurrency exchange, is reportedly using funds from Alameda Research, a quantitative trading firm he co-founded, to cover the costs of his legal defense in a lawsuit filed against him by his former employer.
Judge Signs Off on Voyager Agreement to Reserve $445 Million After Alameda Suit
A federal judge approved a stipulation between Voyager Digital and FTX, which includes an agreement that Voyager will set aside $445 million after an FTX entity sued it for loan repayments.
FTX Debtors Affiliate Alameda Research Files Lawsuit Against Grayscale and DCG
Alameda said it owned $290 million worth of shares in Grayscale's Bitcoin and Ether trusts as of March 3.
Alameda Sues Grayscale Over $9 Billion Locked in Bitcoin Trust Shares
In a Monday statement, FTX’s new boss John J. Ray III—who is overseeing the bankruptcy process of the collapsed crypto exchange—said Grayscale had an “improper redemption ban” that was stopping customers from getting their money.
Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees
FTX sister company Alameda Research has filed a lawsuit against crypto asset manager Grayscale Investments seeking injunctive relief to realize what it claims is over $250 million in asset value for the FTX Debtor’s customers and creditors, according to a press release.
DOJ Attempts To Narrow FTX Founder’s Bail Terms
According to a court document filed on March 3, the US Department of Justice has suggested revised bail guidelines for former FTX CEO Sam Bankman-Fried (SBF).
‘Alameda Gap’ Persists in Liquidity-Lacking Crypto Market Post FTX
A bunch of scandals sapped up liquidity in crypto markets last year. But even as prices have recovered in 2023, the so-called “Alameda Gap” has persisted, with liquidity still nowhere near levels notched before FTX collapsed.
Sam Bankman-Fried and Alameda Chief Served With Subpoenas From Voyager
Insolvent crypto lender Voyager Digital’s Official Committee of Unsecured Creditors or Voyager UCC in short, has sent subpoenas to a number of officials at FTX and its trading arm, Alameda Research. Among these executives are FTX co-founder Gary Wang, former Alameda Chief Caroline Ellison and FTX founder and former CEO Sam Bankman-Fried.
