Crypto News Outlet The Block Lays Off 27 Staff
In confirming the layoffs, Bobby Moran, interim CEO at The Block, said that “Friday was a tough day for our company. We parted ways with 27 incredibly talented and hard-working colleagues each of whom contributed to The Block’s success. We are genuinely sad to see them go.”
Voyager Digital Deal Under Increased Scrutiny As Law Firm Subpoenas SBF and FTX, Alameda Execs
New court documents filed on Feb. 6 by a law firm representing high-ranking executives from Voyager Digital seek to subpoena records from top Alameda and FTX executives in a legal tit-for-tat over Voyager’s bankruptcy in July 2022.
Crypto Exchange Bitfinex Transfers $8.5M to Alameda Consolidation Address
Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research’s consolidation wallet.
Alameda Research Wallet Receives $13M From Bitfinex, Other Sources
Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, revealed data from blockchain security firm PeckShield on Feb. 2.
Stargate to Reissue STG Tokens Following Alameda Wallets Hack
Decentralized finance (DeFi) protocol bridge Stargate has proposed to reissue all Stargate (STG) tokens, according to a Wednesday blog post.
Voyager Creditors Reject Alameda’s Attempt to Recover $446M
An attempt by defunct crypto trading firm Alameda Research to extract $446 million it made in loan repayments to bankrupt Voyager Digital has been rejected by both the creditors’ committee and Voyager itself, according to court filings.
SBF Tried To Influence a Former FTX Employee’s Testimony, US Prosecutors Claim
The disgraced founder and former CEO of FTX tried to contact and potentially influence the witness testimony of another exchange employee, according to the US Department of Justice.
FTX Secretly Channeled a $50 Million Loan to Its Bahamian Bank Through an Executive’s Company
In late 2021, Deltec was well on its way to becoming one of the world’s most consequential crypto banks — but it needed money. An obscure Bahamian bank born from private wealth management, it had found a profitable, yet risky new role as the banker of choice for crypto giants. After signing on Tether, a wildly popular "asset-backed" stablecoin that had been dropped by traditional financiers, Deltec amassed a roster of white hot clients, among them the $32 billion crypto exchange FTX, then one of the largest.
FTX: Alameda Could Borrow Up to $65 Billion Without Collateral
FTX Debtors released a new update on the recent developments in the bankruptcy proceedings.
