FTX Strikes Back: Sues Ex-Clinton Aide’s Investment Firm For $700 Million
According to a Reuters report, FTX has filed a lawsuit against K5 Global, an investment firm co-founded by Michael Kives, a former aide to Hillary Clinton.
BitcoinistAccording to a Reuters report, FTX has filed a lawsuit against K5 Global, an investment firm co-founded by Michael Kives, a former aide to Hillary Clinton.
BitcoinistIn November, the fund wrote off all of the $275m (£222.8m) it invested in FTX.
OthersInitial analysis by PeckShield found that an arithmetic overflow issue caused the vulnerability.
BeincryptoBankrupt crypto broker Genesis has filed details on how it will pay back its creditors.
decrypt
Coinlive CEO of Crypto payments company Wyre has allegedly told his employees via email that he is liquidating the company and plans to terminate services this month.
decryptThe Securities Commission of the Bahamas last week ordered the contents of FTX's crypto wallets to be transferred to government-controlled wallets.
CoindeskFTX filed for bankruptcy Friday; users’ funds stuck on the platform; one marketplace for distressed claims posted bids for a fraction of the original value of claims.
CoindeskThe company plans to use the funds to build a gaming ecosystem based on Libplanet blockchain technology.
CointelegraphNFTs celebrating key basketball moments from the mid-2000s have proven popular with NBA Top Shot collectors.
Cointelegraph