Bankrupt BlockFi plans to sell $160M Bitcoin mining hardware loans

BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. The plan to sell off the loans backed by Bitcoin mining machines is part of the bankruptcy proceedings. Bidders have until before the end of January to submit offers. About two months after BlockFi filed for Chapter 11 bankruptcy, […]

Alameda wallets sell multiple tokens for Bitcoin

Alameda Research addresses sent millions worth of tokens to decentralised exchanges and crypto mixers on Wednesday. According to on-chain data, the tokens were swapped into USDT before being converted into Bitcoin. The Alameda wallets sprung into life a few days after FTX co-founder Sam Bankman-Fried was released on a $250 million bail. Crypto wallets linked […]