128 articles found
⚡ Increased Lobbying Activity in the US Crypto Sector
📣 FTX Employee Seeks Unpaid Bonus in Court
Ross Rheingans-Yoo, an ex-employee of the now-bankrupt crypto exchange FTX's charitable arm, is pursuing legal action to claim the remaining $275,000 of a bonus he asserts was promised by Sam Bankman-Fried upon his recruitment. He has reportedly only received $375,000 for his tenure, which lasted less than a full year.
📣 Wintermute Accuses NEAR Foundation of Violating Agreements
Wintermute, an algorithmic trading firm in digital assets, accuses NEAR Foundation and Aurora of failing to uphold their agreement involving the conversion of $11 million worth of the now-defunct USN stablecoin to USDT. These tokens originated from the now-defunct FTX exchange and were acquired by Wintermute in exchange for fiat currency with the assurance of a complete conversion.
🚀 FTX Creditors Feeling More Optimistic
The OTC trades of FTX creditor claims are now valued at over 50 cents per dollar lost. This signals a growing belief in recovering at least half of their assets. This surge follows the disclosure of FTX's substantial stake in the AI company, Anthropic. The potential sale of this stake holds promise for a more successful fund recovery for creditors.