OKX sent $8.3 million in different crypto assets to Alameda Research over the past seven days, according to the Arkham Intelligence dashboard. The transfers, which happened in multiple transactions on May 29, saw the exchange send between $60,000 – $1.4 million worth of different cryptocurrencies to the bankrupt crypto firm. Source: Arkham Intelligence According to…
OKX sent $8.3 million in different crypto assets to Alameda Research over the past seven days, according to the Arkham Intelligence dashboard. The transfers, which happened in multiple transactions on May 29, saw the exchange send between $60,000 – $1.4 million worth of different cryptocurrencies to the bankrupt crypto firm. Source: Arkham Intelligence According to…
Defense lawyers for Sam Bankman-Fried allege that U.S. authorities overstepped the mark in prosecuting the former FTX CEO, arguing that regulatory infractions should not be prosecuted as federal crimes. SBF lawyers say charges are not federal crimes Bankman-Fried was arrested in the Bahamas on Dec. 12, 2022, following the collapse of FTX approximately four weeks…
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Celsius was selected first for OPNX’s bankruptcy tokenization due to the company’s “completely unredacted database,” according to Heimdall CEO Vishal Shah. Heimdall, a provider of business tokenization solutions, and OPNX partnered to roll out their bankruptcy tokenization product, enabling users with funds frozen on defunct platforms to access liquidity. The product provides an alternative to…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
Digital Currency Group (DCG) will close its institutional trading platform, TradeBlock, by the end of the month, Bloomberg reported May 25. Crypto market challenges DCG’s decision to close TradeBlock comes amidst a harsh crypto market. One DCG spokesperson cited various challenges, stating: “Due to the state of the broader economy and prolonged crypto winter, along…
Bankrupt crypto lender Celsius Network announced today that crypto consortium Fahrenheit has won in the court‑approved auction process to sell its assets. In a May 25 statement, Celsius said Fahrenheit would provide the capital, management team, and technology required to successfully establish and operate a new company, NewCo, as stated in its bid under its…
OPNX co-founder Mark Lamb and Vishal Shah, the CEO of partnering firm Heimdall, confirmed its bankruptcy tokenization product would open for Celsius users in a week. The exchange allows users with funds frozen on defunct crypto platforms to unlock their underlying value. OPNX went live on April 4, offering spot and derivative trading. However, its…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…