Former Alameda CEO’s $2.5 Million Yacht Deal Exposed In FTX Court Documents
Recently submitted court filings to the U.S. Bankruptcy Court for the District of Delaware have shown a sequence of financial transactions that preceded the decline of FTX in November 2022. The aforementioned papers suggest that the majority of these transactions primarily favored individuals who hold influential positions inside the business. However, it’s essential to note […]
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Financial documents of Voyager revealed that they lent nearly $1.6 billion in crypto loans to an entity registered in the British Virgin Islands, the same place Alameda is registered. Voyager Digital, the crypto lending firm that went bust due to the crypto contagion initiated by Three Arrow Capital’s (3AC) insolvency is currently fighting its bankruptcy court battle. The court proceedings and financial documents have shown a deep relation between the crypto lending firm and Sam Bankman Fried-owned Alameda Research.Alameda is a quantitative trading firm that was also one of many borrowers....
The trading company will pay back the debt, which has fallen almost twice in dollar estimate, by the end of September. Quantitative trading company Alameda Research will return an estimate of $200 million to Voyager Digital, which is proceeding through bankruptcy. Alameda borrowed the funds in cryptocurrencies in September 2021. At that time, the sum was close to $380 million. Per a recent filing in the Bankruptcy Court of Southern District of New York, the parties have reached an agreement, and Alameda will return around 6,553 Bitcoin (BTC) and 51,000 Ether (ETH) by Sept. 30. In its....
Recent court documents show that one of the operators of bitcoin exchange Coin.mx is involved in discussions on a possible plea deal with US prosecutors. Assistant US Attorney Eun Young Choi asked the US District Court for the Southern District of New York last week to grant a 30-day continuance "to engage in further discussions with counsel about the disposition of the case" with defendant Anthony Murgio. Murgio was one of two Coin.mx employees arrested earlier this summer and later accused of money laundering and operating an illegal money services business out of Florida. The court....
A Chinese court has awarded damages against China’s popular bitcoin exchange, OKCoin, after it was alleged that the company was aiding criminal money laundering and wasn’t properly registered. The court decision only affects OKCoin’s China-based bitcoin exchange, OKCoin.cn, and not its international exchange, OKCoin.com; however, it’s the first significant ruling by a court against a bitcoin exchange. OKCoin’s parent company is Lekuda. According to court documents, Huachen Commercial and Trading Co. Ltd., the defendant, claimed that an individual had defrauded it of 12 million Chinese yuan....
A player for a professional American football team has filed a lawsuit against his former business manager, alleging that he squandered money on bad investments including a $3m bitcoin mine. Court documents filed in an Arkansas federal court and published by the Arkansas Times allege that Michael Vick spent as much as $15m belonging to Darren McFadden, a running back for the Dallas Cowboys, on a series of fraudulent investments. McFadden has accused Vick of lying to him about the success of those investments, while at the same time using those funds to pay for a luxurious lifestyle and....