Chain News by Thebittimes.Com

Since Feb. 14, Voyager has sent crypto assets to Coinbase on an almost daily basis, alleges on-chain analyst Lookonchain. Voyager Digital, the centralized finance (CeFi) platform that filed for Chapter 11 Bankruptcy in July 2022, is reportedly selling asset s through the Coinbase crypto exchange. On -chain data suggest that Voyager received at least $100 million in USD Coin (USDC) in three days, starting Feb. 24. Since Valentine’s Day, Feb. 14, Voyager has sent crypto assets to Coinbase on an almost daily basis, alleges on-chain analyst Lookonchain. The investigation shows that Voyager transferred millions of dollars using a mixed bag of cryptocurrency tokens, including Ether (ETH), Shiba Inu (SHIB) and Chainlink (LINK). 1/ It seems that #Voyager is selling assets through #Coinbase. We noticed that #Voyager has received 100M $ USDC from #Coinbase in the past 3 days. And #Voyager has sent assets to #Coinbase almost every day from Feb 14.https://t.co/VW8o8dBQtqhttps://t.co/qbHt0r7VN...

The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview. Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times' DealBook Summit on Nov. 30.  In a wide-ranging video interview, Bankman-Fried was asked to answer a number of questions surrounding the downfall of the now-defunct exchange, with some even suggesting that some of his statements could be used to incriminate him in legal proceedings. In a Nov. 30 Twitter post, crypto attorney Jeremy Hogan, Partner at Hogan & Hogan said that the “light cross-examination” of Bankman-Fried at the DealBook Summit has already returned “at least 3 incriminating statements so far.” SBF is getting a light cross-examination at the NYT/Dealbook Summit and has made at least 3 incriminating statements so far. Why are his lawyers (or parents) letting him do this?? pic.twitter.com/Nd0poutAA0 — Jeremy Hogan ...

The crypto lender was previously “rescued” by FTX following Terra’s stablecoin collapse. BlockFi announced on Nov. 28 that it had filed for Chapter 11 bankruptcy . The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The move comes after several days of speculation on the company’s financial health after the collapse of FTX. According to a statement, BlockFi has $256.9 million on hand. It has filed motions “to pay employee wages and continue employee benefits without disruption.” It also seeks to “establish a Key Employee Retention Plan to ensure the company retains trained internal resources for business-critical functions” and has created an internal plan to reduce expenses. BlockFi International has also filed for Bankruptcy with the Supreme Court of Bermuda, according to the statement. Today, BlockFi filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.https://t.co/adaAx6me4r — Bloc...