Alameda Research dumps all of its GBTC: Report
A report claims that debtors-in-possession of FTX and Alameda Research have sold all its GBTC in the ongoing bankruptcy.
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A report claims that debtors-in-possession of FTX and Alameda Research have sold all its GBTC in the ongoing bankruptcy.
Trabucco reportedly made at least $25 million from FTX and Alameda Research before opting for a curiously-timed early retirement in mid-2022.
— Barbara Fried, FTX
Bankman and Fried argue that FTX's claims against them should be dismissed because neither of them "ever held an executive role of any sort.”
Bankrupt FTX wants to sell 35 properties in the Bahamas, including the penthouse that housed Sam Bankman-Fried and his inner circle.
So much has happened with FTX since its implosion that the fallen leader is worth revisiting, here at the conclusion of another year.
Recent filings show that FTX has been billed $1.45 billion in bankruptcy legal fees so far while it owes $1.42 billion to creditors.
David Mills also says that Bankman-Fried may be “at the very top of the list as the worst person I’ve ever seen do a cross-examination.”
Perlman took up his role at Binance last year and is front and center in its attempts to negotiate numerous government investigations.
Kevin O'Leary has endorsed M2, a small cryptocurrency exchange incorporated in the Bahamas and offering unsustainable yields.
— Bankman-Fried, FTX
Insurers are responsible for the legal fees of more than 20 former FTX employees, but it's claimed that not all received their fair share.