FTX-linked Moonstone bank to exit crypto space
Moonstone Bank, is rebranding itself, getting out of crypto and refocusing on its original customer base. The Farmington, Washington-based Moonstone Bank has declared its withdrawal from the speculative cryptocurrency market and any associated “innovation-driven” business strategies. According to a press announcement issued on Jan. 19, it was also returning to its previous name of Farmington […]
Alameda wallets transfer $1.7M via crypto mixers
Following FTX’s collapse, Alameda Research became inactive for four weeks, on December 28, 30 bitcoin wallets connected to Alameda Research started functioning, and overnight $1.7 million was transferred through crypto-mixing services. The unexpected transfer of money from Alameda accounts only days after Sam Bankman Fried was granted bail aroused doubts, as Cointelegraph reported on December […]
EX-Alameda’s CEO escapes jail term via plea deal
Caroline Ellison, the former CEO of Alameda Research, will only be charged with felony tax offenses and is eligible for immediate release if the $250,000 bond is paid, however, she’s not allowed to leave the United States. On December 21, a plea agreement between Ellison and the Southern District of New York US Attorney’s Office […]
Kraken exchange freezes accounts related to FTX, Alameda
Cryptocurrency exchange Kraken has frozen accounts connected to “FTX Group, Alameda Research, and their executives” on its platform in the wake of the FTX saga. On November 13, Kraken wrote on Twitter that the accounts were frozen “to protect their creditors” that it “maintains full reserves” and that other users’ funds are unaffected. Kraken was probably […]
CZ Binance rejects Alameda’s offer for its FTT holdings
The CEO of cryptocurrency exchange Binance, also known as CZ Binance appeared uninterested in Alameda Research’s offer to purchase Binance’s FTX Token FTT holdings. Binance CEO reacted on Twitter on November 7 to an inquiry asking if he would accept Alameda Research CEO Caroline Ellison’s offer to purchase Binance’s FTT holdings for $22 per token. […]