FTX To Claw Back $460 Million From SBF-Backed Hedge Fund
On 22 March, the FTX estate filed a motion to enter into a settlement to recover $460 million in assets for stakeholders.
SBF's Inner Circle Received $3.2B, Mainly From Alameda: Court Filings
FTX and Alameda Research's former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm's restructuring. FTX, now helmed by CEO John Ray III, has been tracking missing funds from the exchange since its collapse, which it estimates to be $8.9 billion in total. According to a March 15 statement from FTX Debtors, financial statements it filed in the Delaware Bankruptcy Court point to billions of dollars worth of loans and payments that allegedly flowed to Sam Bankman-Fried and high-ranking executives, which came mainly from trading house Alameda Research. (Cointelegraph)
Alameda-Linked Wallet Sent $100M of Stablecoins to Trading Firms After USDC Depeg
A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms Cumberland and GSR Markets over the weekend.
Crypto Evening Briefing: Houbi Cut Ties With Signature Bank and Silvergate Before Their Collapse
Huobi disclosed to Reuters that its customers’ funds remain unaffected by the recent banking crisis in the USA since it has previously transferred all its assets from Silvergate and Signature Bank to other monetary institutions.
FTX-Related Stablecoins on the Move: $145M Transferred to Crypto Exchanges
Amid the multiple ongoing investigations, FTX continues to move funds. The addresses, related to the failed crypto exchange, reportedly transferred around $145 million in stablecoins to a range of operating platforms.
FTX and Alameda Addresses Suddenly Wake up, Move $190 Million on Exchanges
FTX, a cryptocurrency derivatives exchange, has been in the news recently due to the transfer of significant amounts of USDT and USDC to Coinbase, Binance, Kraken and Coinbase Custody Wallet. Three addresses associated with FTX/Alameda reportedly transferred 69.64 million USDT to the address "0xad6e," with 43 million USDT going to Coinbase, Binance and Kraken.
Crypto Evening Briefing: OpenSea, ConsenSys Among Prized Crypto Startups With Shares Available at Big Discounts
Those startups include Alchemy, Blockchain.com, Chainalysis, Kraken, ConsenSys, Blockdaemon, CoinDCX and OpenSea.
FTX Reaches $45M Deal To Sell Interest in Sequoia to Abu Dhabi’s Investment Arm
FTX’s investment arm, Alameda Research, has struck a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth fund, according to court documents filed Wednesday.
Crypto Evening Briefing: Hong Kong’s Losses to Crypto Scams Doubled to $217M Last Year
Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.
FTX Sues Grayscale as It Seeks $250 Million in Its Trust
Bankrupt digital currency trading firm FTX Derivatives Exchange, through its sister trading firm, Alameda Research, has filed a lawsuit against Grayscale Investment. The case was filed in the Court of Chancery in the State of Delaware, and it names its CEO, Michael Sonnenshein, and the parent company, Digital Currency Group, as defendants.
