The FTX collapse continues to unfold, BlockFi announces bankruptcy filing and Kraken settles a sanctions breach: Hodler’s Digest, Nov. 27 – Dec. 3
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.
BlockFi files for bankruptcy, cites FTX collapse for its troubles
Digital asset lending company BlockFi announced on Nov. 28 that it has filed for Chapter 11 bankruptcy in New Jersey. The bankruptcy filing revealed, among other details, that BlockFi aims to restructure and keep specific employees on board. BlockFi has eight daughter companies that are also included in the bankruptcy motion. Later news revealed bankruptcy proceeding details, including BlockFis attorney reporting that $355 million of the organizations capital is sitting frozen on FTX.
Kraken settles with US Treasury’s OFAC for ‘apparent’ sanctions violations
FTX was the fastest corporate failure in US history Trustee calls for probe
Binance hires audit firm that served Donald Trump to verify crypto reserves
3AC bankruptcy process faces challenges amid unknown whereabouts of founders
will teleport to $14K or worse if BTC breaks $16K Analyst
Libertex crypto exchange head Vyacheslav Taran dies in helicopter crash in France
EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’
Bankman-Fried on the hook in Texas, called to appear at Feb. hearing
South Koreas unique and amazing crypto universe
Socios boss goal? To knock crypto out of the park
How stable are stablecoins in the FTX crypto market contagion?
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