BlockFi Settles With FTX, Alameda Estates for $874.5M
The settlement with FTX and Alameda Research is a key part of BlockFi’s bankruptcy and reorganization plan.
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Alameda Research
The settlement with FTX and Alameda Research is a key part of BlockFi’s bankruptcy and reorganization plan.
(MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)
DCG CEO Barry Silbert has a credible claim his subsidiary lending firm was lied to by Sam Bankman-Fried, as New York’s attorney general accuses Genesis of lying to the public. (Kevin Moloney/Fortune Brainstorm TECH/Flickr, modified by CoinDesk)
(MIT Bitcoin Club/Wikimedia Commons, modified by CoinDesk)
He had hoped to continue Alameda as an investment firm and infrastructure developer, but claimed in the posts that Alameda wouldn’t actively trade.
(TheBayPeak/Unsplash, modified by CoinDesk)
Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.
The ruling could lead to Grayscale’s GBTC converting into a bitcoin ETF, which would allow redemptions, making Alameda’s suit unnecessary, Bloomberg Intelligence analysts said in a note on Wednesday.
The fallen FTX founder didn’t just violate his bail — he violated the trust of his family’s last remaining allies.