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Pantera Capital fundraising to acquire discounted SOL tokens from FTX Estate

Pantera Capital initiates $250M fundraise for discounted SOL tokens from FTX Estate. Pantera Capital’s target price is $59.95 per SOL, 57% lower than the current market value of $142. FTX…

FTX to sell European subsidiary for $33 million

FTX sought to claw back $323 million from founders of FTX Europe, a crypto platform the bankrupt exchange acquired in 2021. According to court documents, FTX argued the exchange had…

Appeals court orders an independent scrutiny of FTX bankruptcy

The federal appeals court in Philadelphia ordered that an independent examiner be appointed to scrutinize the FTX collapse. Bankruptcy court judge John Dorsey had earlier denied the trustee’s request. A…

US prosecutors water down FTX Ex-CEO SBF’s second trial probability: no new evidence

US prosecutors deem the second trial unlikely for FTX’s ex-CEO Sam Bankman-Fried. Lack of new evidence cited; the initial trial covered major aspects of the case. The guilty verdict stands;…

FTX Granted Approval to Sell Trust Assets, Time to Buy More MANA, Algorand, and NuggetRush?

TLDR FTX received approval to sell its Grayscale and Bitwise trust assets, worth almost $900 million. Investors have been accumulating more Decentraland, Algorand, and NuggetRush tokens because of their explosive…

Bybit Fintech sued for $1 billion by the FTX bankruptcy team

The FTX Bankruptcy is seeking to recover assets worth about $1 billion. The lawsuit will be heard by a Delaware Court. The funds in question were allegedly withdrawn from FTX.…

FTX seeking approval to sell funds from Grayscale and Bitwise

FTX seeks to sell $744 million in Grayscale and Bitwise assets amid its bankruptcy proceedings. The asset sale aims to prepare for creditor payouts and minimize price volatility risks. FTX…

FTX trial: FTX used billions in customer funds for Binance stake buyback

FTX is accused of using customer deposits to repurchase Binance stake. An accounting professor hired by the US Department of Justice reveals over a billion dollars came from customer funds…

FTX Estate stakes $122M Solana (SOL) tokens, alleviating investor concerns

FTX Estate stakes $122 million worth of Solana (SOL) tokens. The FTX Estate has strategically delegated 5.5 million SOL with a Solana network validator. The move alleviates concerns about the…

FTX auditor Prager Metis faces SEC legal action over violations

SEC takes legal action against Prager Metis, auditor of bankrupt crypto exchange FTX. Prager Metis is accused of breaching auditor independence rules by adding indemnification provisions. Lack of transparency and…