2023-5-16 10:08 |
The creditors committee said in a court filing that BlockFi was pressing a “false case narrative” by portraying itself as a victim, and more blame should be placed on its management. origin »
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The FTX downturn is gradually spreading to more cryptocurrency firms as BlockFi is the next firm to file for bankruptcy. The post BlockFi becomes another victim of the FTX collpase with bankruptcy filing appeared first on CryptoSlate.
2022-11-29 19:32 | |
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At the time of bankruptcy, FTX faced a shortfall of $8 billion owed to its customers.
These funds seemed to be sent to wallets of crypto exchange Binance as per Nansen data, where they presumably could be sold.
Lax security practices seemed to be a feature of the former crypto trading titan.
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500,000 would be a 39,900% return on its initial investment.
Researchers at Nansen concluded that at least 86% of all FTT tokens were initially controlled by Alameda or FTX.
ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations.