Celsius and FTX/Alameda transferred $59.71 million in assets today
According to on-chain analyst Yu Jin, two institutions in the bankruptcy liquidation process, Celsius and FTX/Alameda, transferred $59.71 million in assets today. Among them, the Celsius address transferred 22,500 ETH ($51.1 million) to Coinbase 7 hours ago. The Celsius address currently has only 40,000 ETH left, and it is expected to be fully transferred in the next few days. The two-month ETH sell-off by Celsius may be coming to an end. The FTX/Alameda address transferred 2,150 ETH ($4.88 million) to FalconX, 37,899 OKB ($2.03 million) to OKX, 435,694 MTL ($640,000) to Coinbase Prime, 54,575 PROM ($370,000) to Binance, 3,518,616 ALPHA ($340,000) to Binance, 90.8 YFII ($200,000) to OKX, and 9,508 CREAM ($150,000) to Binance 4 hours ago.
Federal appeals court has ordered the appointment of an independent examiner in the FTX bankruptcy case
The Federal Appeals Court has ordered the appointment of an independent examiner in the FTX bankruptcy case to address concerns of fraud on the FTX platform. A panel of judges in Philadelphia last Friday supported the appeal of the US bankruptcy trustee, requiring an independent review of FTX's finances and business operations, including an investigation into unprecedented fraud that occurred prior to its bankruptcy, to ensure fairness.
Reuters: Alameda Research has dropped lawsuit against Grayscale
According to a court document filed on Monday, FTX subsidiary Alameda Research has withdrawn its lawsuit against Grayscale Investments, which accused the firm of sacrificing shareholder interests for its own gain. It is reported that Alameda filed the lawsuit in March last year in a Delaware court, alleging that Grayscale charged exorbitant fees and refused to allow investors to redeem their shares from its two cryptocurrency-focused trust funds.
Philadelphia court orders FTX to accept external investigation
The Philadelphia Court has ruled that FTX must accept external investigations. In February 2023, Judge Dorsey rejected the request for third-party inspections. The ruling stated that such investigations could strengthen regulation and allow potential investors to understand the internal workings of such businesses.
FTX/Alameda address has transferred 4,400 XAUT to Coinbase
PeckShield monitoring shows that the FTX/Alameda tagged address has transferred 4,400 XAUT (worth $8.9 million) to Coinbase and 1,000 ETH (worth $2.6 million) to Wintermute.
SBF parents seek dismissal of lawsuit filed by FTX, deny unjust enrichment
The parents of former FTX CEO SBF are seeking to dismiss FTX's lawsuit against them, denying allegations that they had knowledge of the cryptocurrency exchange and profited from the company's misconduct.According to court documents, Joseph Bankman and Barbara Fried's lawyers argue that FTX's lawsuit attempts to fully exploit the fact that they are the former CEO's parents. They reject the claim that Bankman had a fiduciary relationship with FTX, and even if he did, the plaintiff failed to reasonably state a breach.Previously, FTX's lawsuit claimed that Bankman and Fried profited from their access and influence within FTX at the expense of creditors in FTX's bankruptcy estate.
FTX and Celsius Move $35 Million Worth of WBTC and ETH to CEXs Amid Price Surge
FTX and Celsius made significant transactions of over $35 million worth of WBTC and ETH, which garnered global attention among crypto market enthusiasts. The two entities transferred the tokens to CEXs amid a price surge, sparking immense curiosity among market fanatics. FTX and Alameda moved $11.72 million worth of WBTC and ETH to Binance and Coinbase, while Celsius network unstaked and transferred 10,000 ETH, worth $23.39 million, to Coinbase and FalconX. As a result, the prices of WBTC and ETH surged, with Wrapped Bitcoin showcasing a 6.42% surge and Ethereum's price noting an upsurge of 3.45% over the past 24 hours.
FTX attacker mixed $7.3 million in BTC today and has now mixed approximately 60% of stolen assets
According to Arkham monitoring, the FTX attacker today mixed $7.3 million worth of Bitcoin. Approximately 60% of the original stolen assets have been mixed, which is worth over $600 million at today's prices.<br>It is reported that the FTX attacker initially bridged 4,540 BTC through the Ren Protocol in late November 2022, worth about $75 million at the time and now worth over $185 million.In October 2023, they exchanged $142 million worth of ETH into BTC through Thorchain and immediately deposited it into a mixer. If converted at market rates and held in BTC form, this asset is now worth over $220 million.
Bank of America Dave announces repurchase of $100 million in convertible notes from FTX for $71 million
PRNewswire reported that Dave Inc. in the United States announced that it had reached an agreement with FTX Ventures Ltd. to repurchase $100 million convertible bonds originally issued to FTX at a discounted price of $71 million. The completion conditions of this transaction are the approval of the agreement by the bankruptcy court and FTX not conducting any other transactions of convertible bonds.
FTX Plans to Recover Billions from Current and Future Lawsuits Amid Bankruptcy and Organizational Restructuring
FTX, a bankrupt cryptocurrency exchange, is pursuing legal claims and lawsuits in an effort to recover billions of dollars lost in an $8 billion fraud lawsuit. The exchange has settled with some creditors, including Genesis, for a total of $175 million. FTX plans to pursue more lawsuits in 2024 and analysts predict the legal battles could continue for some time. If successful, the lawsuits could result in a recovery of billions for FTX and a possible restoration of operations and better investor sentiment.
