Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 20...
Tag: Liquidators
Liquidators To Sell Three Arrows Capital’s NFTs To Recoup Funds
Three Arrows Capital liquidator Teneo has announced that they would be selling the bankrupt firm’s prized NFTs to help recoup the over $3.6 billion owed to creditors. The bankrupt firm’s prized NFT c...
Liquidators to Sell ‘Certain’ NFTs From Bankrupt Three Arrows Capital
NFTs belonging to failed crypto hedge fund Three Arrows Capital (3AC) are to go up for sale, but will not include a prized selection of its portfolio, the fund’s liquidator has said. “The Joint Liquid...
NFTs belonging to bankrupt hedge fund to be sold by liquidators
According to a recent statement, the nonfungible tokens (NFTs) that belonged to the failed hedge firm Three Arrows Capital (3AC) would be liquidated by its liquidators, Teneo. Christopher Farmer, a jo...
3AC liquidators to sell firm’s NFTs to realize value amid bankruptcy
Nonfungible tokens (NFTs) belonging to the bankrupt hedge fund Three Arrows Capital (3AC) will be sold by its liquidators Teneo, according to a recent announcement. In a notice dated Feb. 22, joint l...
3AC Liquidators Decide to Sell Some of the Company’s NFTs
Three Arrows Capital liquidators initiate plans to sell some of the company’s NFTs. The information was sent out by the liquidators in one of their recent notices. The liquidators also made it clear t...
3AC liquidators to sell some NFT holdings
Three Arrows Capital (3AC) liquidators Teneo said it would begin the sales of some non-fungible tokens (NFTs) belonging to the bankrupt crypto hedge fund, according to a Feb. 22 statement. Teneo revea...
FTX Digital Markets commingled client funds, Bahamian liquidators say
Legal • February 16, 2023, 11:23AM EST FTX Digital Markets, the crypto exchange’s Bahamian entity, commingled customer and corporate funds, according to a report filed in court earlier this month. ...
FTX liquidators report exchange held $2.4M ‘fleet of vehicles’ in the Bahamas
The joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — have released a report on the company’s physical assets in the island nation. According to an affidavi...
FTX liquidators play ‘Storage Wars’ in hunt for saleable assets
Bound to hit the market soon are a half a million dollars worth of office furniture and equipment and 13 storage units in the Bahamas full of FTX’s “physical goods.” Although t...
3AC liquidators files against Kyle Davies for ignoring Subpoena order
Three Arrows Capital (3AC) liquidators alleged that 3AC co-founder Kyle Davis has openly ignored the court’s subpoena order, however, a motion was filed to extend the deadline till March 16. 3A...
3AC Liquidators Ask Judge to Intervene, Say Co-Founder Is ‘Withholding Information’
The liquidators overseeing crypto hedge fund Three Arrows Capital’s bankruptcy proceedings have asked the judge to compel co-founder Kyle Davies to cooperate, according to a new court filing. They wro...
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery – Bitcoin News
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current li...
FTX debtors, Bahamian liquidators object to U.S. Trustee’s examiner request
Allowing an examiner to investigate the FTX bankruptcy would “come at an enormous cost” and “provide no benefit” to creditors, lawyers for the troubled crypto exchange said in a court filing. T...
Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators’ claim of recovered assets
Sam Bankman-Fried, the founder and former chief executive of FTX U.S., has rejected claims by the company’s current leadership made in a presentation on Tuesday that the team has only recovered US$181...
Alameda liquidators don’t know DeFi
Blockchain data shows that Alameda Research liquidators did not take the necessary steps to preserve the capital of the bankrupt venture capital firm, wasting millions of dollars worth of money that c...
Alameda Liquidators Suffer Massive $11.5M Blow in Just 2 Weeks
On January 13, the liquidators of Alameda Research lost $72,000 worth of digital assets as they were attempting to consolidate money into a single wallet on Aave. The liquidators made an effort to set...
Here’s How Alameda’s Liquidators Incurred $11.5M Loss in 2 Weeks: Report
Liquidators of Sam Bankman-Fried’s bankrupt trading powerhouse Alameda Research reportedly incurred a significant loss of over $11 million since the start of the year due to multiple liquidations. Acc...
Alameda liquidators lose $11.5M due to liquidations over 2 week
Alameda Research liquidators incurred a total loss of around $11.5 million over two weeks after taking over a single wallet of the bankrupt firm, Arkham Intelligence reported on Jan. 16. Over $4 milli...
Arkham Intel: Alameda Research liquidators incur losses worth…
Liquidators have reportedly lost at least $11.5 million since taking control of Alameda Research’s trading accounts, as per Arkham Intel. The total preventable loss has been estimated to be $4 million...
How many times will Alameda Research liquidators get liquidated?
Since the November collapse of disgraced Sam Bankman-Fried’s crypto empire, liquidators have been attempting to consolidate the crypto holdings of both FTX and Alameda Research, with the aim of eventu...
Alameda Research liquidators lost $72K during fund consolidation attempt
The liquidators of Alameda Research continue to encounter obstacles in their efforts to recover funds for creditors. Crypto analytics firm Arkham disclosed on Twitter that the liquidators lost $72,000...
Alameda liquidators hit with liquidation for second time in 3 days
According to Arkham Intelligence, Alameda Research liquidators were liquidated for the second time in three days in light of recent market movements. Alameda liquidators wrote off $15,000 of Curve DAO...
Alameda Liquidators Lost $72,000 in Users’ Funds
The Alameda liquidators face multiple embarrassments while retrieving the assets from the wallets. They recently lost $72,000 to DeFi liquidation. Since Sam Bankman-Fried has been out on bail, the Ala...
Alameda liquidators get liquidated on Aave as they try to consolidate funds
Alameda liquidators lost $72,000 on DeFi lending platform Aave after getting liquidated themselves while attempting to recover funds for creditors. The liquidators were trying to close the posit...
The Cooperation Agreement Announced by FTX Debtors and Bahamas Liquidators
According to a January 6th, 2023, press release, FTX Trading Ltd., and its affiliated debtors, and FTX Digital Markets Ltd., acting by the Joint Provisional Liquidators, announced their “agreement on ...
FTX debtors and Bahamas liquidators settle on asset recovery strategy
The two halves of FTX — its debtors in the U.S. and its liquidators in the Bahamas — have agreed on an asset recovery plan according to a Jan. 6 press release. John J. Ray III, FTX’s CEO and Chief R...
FTX debtors, Bahamas liquidators agree to cooperate
The legal teams helming troubled crypto exchange FTX’s bankruptcy cases in the United States and the Bahamas reached a mutual cooperation agreement, appearing to end, for now, the disagreements betwee...
3AC liquidators subpoena founders on Twitter
The Three Arrows Capital liquidators have subpoenaed the founders of the collapsed Singapore-based hedge fund, urging them to provide all information concerning the defunct entity. Zhu Su and Kyle Dav...
3AC Liquidators issue subpoena to 3AC co-founder Kyle Davis
Three Arrows Capital (3AC) liquidators have subpoenaed 3AC co-founder Kyle Davis to disclose all documents and financial information related to his collapsed hedge fund before Jan. 26. Earlier on Dec....
Moonstone Bank Issues Statement Regarding Recent Motion by the Joint Provisional Liquidators of FTX Markets
FARMINGTON, Wash.–(BUSINESS WIRE)–Farmington State Bank, d/b/a Moonstone Bank, has a legal duty to protect from public disclosure the privacy of account holders, regardless of who they are. However, i...