BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11
The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022. Go to Source Powered by WPeMatico
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US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar cases involving crypto companies like Blockfi and FTX. Celsius Obtains Ownership of … Read more
SBF borrowed $546M from Alameda to fund Robinhood share purchase
An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi. Go to Source Powered by WPeMatico
FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock
Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over FTX’s 56 Million Robinhood Shares On Dec. 22, 2022, court … Read more
California regulators order MyConstant to cease crypto-lending services
The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state. Go to Source Powered by WPeMatico
BlockFi files motion to return frozen crypto to wallet users
Crypto lender BlockFi has asked a U.S. Bankruptcy Court for the authority to return the crypto held in BlockFi Wallets to users. Go to Source Powered by WPeMatico
Bankruptcy court told FTX and Alameda owe BlockFi $1B… but it’s complicated
While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF. Go to Source Powered by WPeMatico
Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Expectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment. Go to Source Powered by WPeMatico
This simple Bitcoin options strategy allows traders to go long with limited downside risk
Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Go to Source Powered by WPeMatico
Bitcoin shrugs off BlockFi, China protests as BTC price holds $16K
BTC price action heads higher with Bitcoin joining Asia stocks in a rebound despite FTX pressures continuing. Go to Source Powered by WPeMatico
