SEC Sues Eisenberg for Draining Mango Markets, Alleges MNGO a Security
It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.”
Bad Vibes from the Word ‘Crypto’ Have Some Calling for a Rebrand
Money-making associations with cryptocurrencies misrepresent them as just currencies and fail to acknowledge the diverse applications of the technology.
Sullivan & Cromwell Gets Go-Ahead to Represent FTX in Bankruptcy Proceedings, Despite Controversy
James Bromley, a partner at Sullivan & Cromwell, said former CEO Sam Bankman-Fried has been stirring the pot by “lashing out” on Twitter.
Genesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing
Three of the institutional crypto brokerage’s entities filed for Chapter 11 protection late Thursday.
Fairfax County, Virginia, Pension Funds Exposed to Genesis Bankruptcy
Two Washington, DC-area pensions invested $35 million in a VanEck fund listed as a Genesis creditor.
Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
The Chicago-based firm was listed among Genesis’ creditors in the amount of $18 million, but Cumberland said that’s too high. The document includes “misleading and incorrect information,” Cumberland tweeted.
Crypto Lender Genesis Is FTX’s Largest Unsecured Creditor With $226M in Claims
Genesis Global Capital leads the revised list that un-redacted the names of several creditors.
Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock
The unlock, which takes place on Feb. 2, will release 150 million coins worth $202 million and 15% of the total supply.
Ex-FTX.US Head Raises $5M for Startup Months After Exchange’s Collapse
Investors included the venture arms of Coinbase and Circle, a former FTX portfolio company.
Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B
The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion.