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Bankrupt crypto lender Celsius Community used new buyer funds to pay for different prospects’ withdrawals, the definition of a Ponzi scheme, an impartial examiner for the U.S. Chapter Court docket in New York stated in a Tuesday submitting. “In each key respect – from how Celsius described its contract with its prospects to the dangers it took with their crypto belongings –how Celsius ran its enterprise differed considerably from what Celsius advised its prospects,” the impartial examiner wrote.
Alameda Analysis, a buying and selling agency affiliated with FTX, the bankrupt crypto alternate based by Sam Bankman-Fried,needs to regain $446 million it transferred to bankrupt lender Voyager Digital previous to Alameda’s personal chapter submitting, a brand new lawsuit says. In line with a grievance filed Monday, Alameda repaid all of its excellent loans to Voyager after Voyager filed for chapter final July. A few of these loans had but to mature on the time Voyager requested their compensation.
The worth of digital world The Sandbox’s SAND token is surging forward of its token unlock scheduled for Feb. 14. Token unlocks are often bearish as a result of they enhance provide. The Sandbox will likely be releasing 12% of the token’s provide, equal to round $273 million value of SAND. The utility token’s worth has elevated 90% for the reason that begin of the yr to 74 cents. Notably, nonetheless, the token is down 90% from its all-time excessive of $8 reached in November 2021.
The 2 charts present South Korea-based crypto alternate Upbit flipped Binance, the world’s largest crypto alternate by buying and selling quantity, final week by way of buying and selling quantity for metaverse tokens.
“Sometimes, Binance dominates buying and selling exercise throughout all sectors, thus the pattern means that the Korean area has a specific affinity for the metaverse,” Paris-based Kaiko Analysis stated.
Metaverse tokens like AXS, MANA and ENJ have rallied sharply this month.
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