Here are three stories you might have missed while tucking into festive leftovers or trying to keep tabs on the many threads of the FTX saga.
, however, in an open letter, including a final proposal to Vauld with some changes to its previous proposal from earlier this month. The open letter also alleged that Vauld's financial adviser, Kroll, misrepresented and manipulated Nexo's previous proposal when presenting it to Vauld's creditors.
“We are well-equipped to handle the unique challenges and opportunities presented by GBTC," the company said in aon Dec. 28."Our combination of technical and regulatory knowledge and hands-on experience makes us the ideal choice to take on this role.” Grayscale’s fund hit an all-time low of 48.89% in terms of the discount to NAV on Dec. 13, and GBTC’s price is down 77% year-to-date.
"In light of recent events involving Grayscale and its family of affiliated companies, it is time for a change," Valkyrie said. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
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FTX founder Sam Bankman-Fried to plead not guilty to fraud charges in New York caseFTX founder and crypto mogul Sam Bankman-Fried is expected to plead not guilty to the eight charges filed against him alleging that he had engaged in fraud.
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Bahamas regulators freeze FTX assets, await delivery to creditorsThe country's Securities Commission said it will hold billions in assets as due process takes place ahead of the money's delivery to customers.
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Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX – Regulation Bitcoin NewsThe Securities Commission of the Bahamas has seized FTX's crypto assets valued at more than $3.5 billion. cryptocurrencies
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FTX Debtors will seek return of crypto held by Bahamas regulatorFTX Trading and its affiliated debtors said Friday that they would seek the return of crypto in the control of the Securities Commission of the Bahamas to their chapter 11 estates for the benefit of creditors.
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Bankman-Fried set to enter not guilty plea in FTX fraud case -sourceSam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.
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Bahamas hires U.S. law firm Brown Rudnick to advise on FTX collapseThe government of the Bahamas has hired a U.S. law firm to handle legal work and engage with the U.S. government and media in connection with the collapse of the FTX cryptocurrency exchange, according to a U.S Justice Department filing.
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