Latest from Sheldon Reback
‘End the Extortion:’ BlockFi Creditors File to Liquidate Estate
Creditors accuse CEO Zac Prince of defrauding customers and the company of “mischief” in delaying a wind-up.

Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund's Founders: Bloomberg
The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say.

A16z, ARK Invest Back $37M Round for Mythical Games
Crypto asset manager Scytale Digital led the Series C extension round for the NFL Rivals creator.

Robinhood Sheds Jobs for Third Time Since April 2022: WSJ
The company made the cuts as it adjusts to a slowdown in customer trading activity.

Crypto Bankruptcy Investor Ouroboros Eyes Smaller Claims
The platform automates the due diligence process for buying cryptocurrency bankruptcy claims in firms like FTX or Celsius, providing previously missing liquidity for creditors owed around $50,000.

BitGo Still Sees Consolidation in Crypto Custody After Spurning Prime Trust: CEO
CEO Mike Belshe said the firm has other acquisitions pending.

Singapore's MAS Proposes Design Framework for Interoperable Digital Asset Networks
Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across wealth management, fixed income and foreign exchange.

Crypto Traders Eye $6.8B Bitcoin and Ether Options Expiry
Dealers are stuffed with record negative gamma in BTC. With only a little move in the spot price, "we could witness fireworks," one observer said.

U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein
Grayscale earns around $380 million in annualized fees despite its GBTC product being inefficient, illiquid and trading at a discount, the report said.

APLD Signs Artificial Intelligence Hosting Deal Worth Up to $460M
APLD shares surged on Nasdaq after the firm announced its second AI cloud hosting deal.
