CoinFLEX And 3AC Founders Under Fire For Misappropriating Creditor Assets

In a revelation brought to light by an account on X (formerly Twitter) under the name “CoinFLEX Real,” allegations have emerged indicating that the founder of CoinFLEX, a derivatives exchange based in Hong Kong, along with their partners at Three Arrows Capital (3AC), have allegedly engaged in the misappropriation of creditor assets for personal gain.  […]

BlockFi Emerges From Bankruptcy, Begins Asset Distribution Process

According to a recent announcement, BlockFi, a prominent cryptocurrency lending platform, has emerged from bankruptcy as of October 24, 2023.  After months of “diligent efforts” by BlockFi’s management, advisors, and stakeholders, the company has reached this significant milestone more “swiftly and efficiently” compared to many other retail crypto companies, according to the lending company’s announcement.  […]