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FTX
A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner circle.
Washington’s “war in crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.
The European arm had only been in operation for about 8 months prior to the collapse of parent FTX.
Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
FTX bankruptcy lawyers say that $694 million in liquid assets have been identified before OKX’s announcement.
The FTX founder will be given a new phone without internet access and a laptop with limited functionality.
A wallet controlled by the FTX bankruptcy estate has received tranches of the Arbitrum airdrop from several wallets linked to Alameda Research, on-chain data shows.
Lawyers asked the court for an early stage summary judgment, to ring-fence FTX assets frozen in the accounts of non-U.S. customers.
Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475m in 2022. The recovery includes $404m of cash.
The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, the company alleged.