Creditors are expressing their distress over the swift outflow of funds from the bankruptcy of the global exchange as the proceedings continue for an extended period of several months.
Sino Global made substantial investments in tokens that were significantly impacted by the downturn of Sam Bankman-Fried's FTX crypto empire and also collaborated with FTX to raise a fund using external investors' capital.
This week, Coinbase and the SEC are scheduled to appear in court for a pre-motion hearing. Here's what we'll be keeping a close eye on.
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