Attestor Capital Sues FTX Claim Seller Lemma
Attestor Capital, a leading FTX claim holder, has initiated legal proceedings against Lemma, a seller in the insolvency claims market, after making a 200% profit on the purchased FTX claims stash. The London-based hedge fund Attestor specializes in private equity and distressed assets. In addition to Diameter Capital Partners and Silver Point Capital, the firm […]
Pantera Reported Launch Fundraiser to Buy $250M SOL From FTX Estate
According to reports, Pantera Capital’s asset management firm is raising funds to purchase Solana (SOL) tokens from its stash, worth around $5.4 billion, from the estate of the defunct FTX exchange. Pantera is soliciting capital for the Pantera Solana Fund, which, according to marketing materials obtained by Bloomberg from prospective investors, seeks to acquire Solana’s […]
Solana Price Surges as Pantera Plans to Buy $250M SOL from FTX
Solana, a fast-growing cryptocurrency, saw its price rise by over 8% on March 7, following reports that Pantera Capital intends to buy $250 million worth of SOL tokens from the bankrupt FTX exchange. Solana, one of the most promising cryptocurrencies in the market, experienced a significant boost in its price on March 7, attracting the […]
Former FTX, Alameda Execs Launches New Crypto Exchange
Backpack, a cryptocurrency exchange founded by former FTX executives in Alameda, is already servicing clients in multiple locations around the United locations. In an X thread on February 21, the cryptocurrency exchange Backpack said that it has begun providing services to users from 11 states to strengthen its position in the American market. Backpack is […]
FTX, Alameda-Linked Wallets Transfer $38.8M Worth of Digital Assets
Since January 2024, cryptocurrency wallets associated with the defunct FTX exchange and its subsidiary, Alameda Research, have transferred over $38.8 million of digital assets to multiple other cryptocurrency exchanges. Wallets affiliated with both organizations transferred a minimum of $7 million to exchanges in February, according to data tracking by blockchain analytics firm PeckShield. On February […]