Regarding FTX’s so-called “Restricted Jurisdictions” procedures, I’ve spoken with many lawyers and so-called advocates for justice. Frankly, most are soft and just want to follow the process, follow the judge, rather than discuss the actual facts. They all think that if the…
感谢群友们轮番发言,真·火力全开!虽然不是全赢,但我们已经迫使他们在程序上做出关键修改。继续冲!也感谢 Owens 法官的客观中立!💪🙏
Thanks to everyone in the group who spoke up—absolute full firepower! Not a total win, but we forced key procedural changes. Let’s keep pushing!…
Both Diablo 4 and Path of Exile 2 won’t say whether they’ll ban Elon Musk for account boosting, leading some fans to accuse the developers of undermining the integrity of their games. bit.ly/4hnmerr
(1/3) Dear @CFTC@CFTCbehnam
cc @SenLummis@RepThomasMassie
I will be writing more on this in formal communications to the CFTC but please do the right thing by FTX crypto creditors. The FTX CFTC remission fund should prioritize crypto holders as was initially proposed in July…
FTX Lawsuits
11 Nov 22: FTX bankruptcy
11 Nov 24: Last date (2-years from petition) FTX debtors to commence preference actions in bankruptcy court - clawback withdrawals etc
Lookback period:
90-days for general non-insider creditors
Zhao Campaign to destroy FTX
-Refer to CZ tweets causing run on FTX
Net withdrawals from $18m /hr to $150m/hr (6/7Nov)
-CZ desire to market sell FTT caused panic in market
-LOI signed by Binance to buy FTX was misleading as CZ didn't want to consummate the purchase
FTX filed a $1.76 bn lawsuit against Binance
Nov 21: Binance acquired 20% stake in FTX in Nov 2019 for $18.3m
Jul 21: FTX bought back stake which was a constructive fraudulent transfer as FTX was insolvent
CZ has been playing the FTX game well. Apart from his dirty play pre FTX bankruptcy, post FTX bankruptcy, he hired a top ranking FTX bankruptcy lawyer to represent him. This conflict of interest servers CZ so well.
x.com/historian_ftx/…
CZ has been playing the FTX game well. Apart from his dirty play pre FTX bankruptcy, post FTX bankruptcy, he hired a top ranking FTX bankruptcy lawyer to represent him. This conflict of interest servers CZ so well.
x.com/historian_ftx/…
4/4 How is it possible that some creditors can even profit from a bankruptcy, if the company was not solvent?
But, if it was solvent now, why does it return only a small part of the digital assets value, while enriching dollar creditors?
How can something so inequitable be legal?
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