FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw…
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Financial Troubles
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Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications…
Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan
In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate…
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing…
Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018
Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and…
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company…