liquidator
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Sotheby’s Auction to Sell NFTs Confiscated from Three Arrow Capital
According to reports, Sotheby\’s auction house is preparing to sell NFTs confiscated from Three Arrow Capital (3AC). Teneo, the liquidator of 3AC, issued a notice in February outlin
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On March 24th, Kyle Davies Fails to Respond to Court Summons for Sanjian Capital Bankruptcy
On March 24th, after Kyle Davies, the co founder of Sanjian Capital, a bankrupt hedge fund, has not responded to a court summons, U.S. bankruptcy judge Martin Glenn approved a moti
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FTX Sues Bahamas Entity Liquidator: What Happened and What it Means for Investors
It is reported that FTX is suing the liquidator of its Bahamas entity. FTX\’s new management hopes that the Delaware Bankruptcy Court of the United States will make a declaratory ju
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Stargate Foundation Recommends Against Reissuing STG Tokens
On March 13, Stargate, a cross-chain liquidity agreement based on LayerZero, tweeted that the Stargate Foundation recommended DAO not to reissue STG tokens. After the bankruptcy of FTX last year, the FTX/Alameda wallet suffered from key leakage or internal problems, and was attacked by hackers and lost about $500 million. The FTX liquidator will eventually transfer all assets to the new wallet, and the key will not be leaked to hackers. Stargate DAO believes that the key of the wallet is likely to be leaked and shared between FTX liquidator/Alameda and hackers, and proposes to reissue STG tokens to transfer these funds out of the wallet. The Stargate Foundation advised the DAO not to reissue STG tokens, and the FTX liquidator may seek compensation Analysis based on this information:Stargate, a cross-chain liquidity agreement based on LayerZero, recently made a tweet recommending that DAO not reissue STG tokens. This recommendation was made in light of the bankruptcy of FTX last year,…
