The biggest news in the cryptoverse for Dec. 15 includes SBF’s extradition to US approved, Deribit transferred 10k ETH to Alameda, Core Scientific files for Chapter 11 and more in this CryptoSlate Wrapped Daily.
CryptoSlate Top Stories
SBF to return to U.S. immediately in hopes of securing bail
FTX founder Sam Bankman-Fried should be handed over to US authorities today, Dec. 21, as reports surfaced that he has agreed to the extradition. According to an affidavit, the former CEO of FTX consented to be extradited partly in the interest of making his customers whole.
Jerone Roberts, SBF’s attorney, requested immediate extradition which has been granted according to Bloomberg. He will return to the U.S. “accompanied by FBI agents on a non-commercial aircraft.” A video of SBF arriving at the courthouse in the Bahamas accompanied by FBI officials was also released by Bloomberg.
FTX creditors seek priority payout for $1.6B locked in custody wallets
A group of FTX customers seeking priority repayment of roughly $1.6 billion locked in their custody wallet on the bankrupt FTX exchange, the Financial Times reported.
Counsel to Eversheds Sutherland Erin Broderick said:
“If the assets belong to the customer, there is no line. It’s just their assets.”
Broderick added that FTX’s terms of service support custody clients to gain access to their trapped funds.
Evershed Sutherland said it will proceed with the legal process from January 2023 and expects it to go smoothly.
Deribit transferred 10,000 ETH to an Alameda address in the past 10 days
Data from Etherscan showed that a Deribit 9-labeled address has transferred a total of 10,000 ETH to an address associated with Alameda Research. The address held a total of 12,812.6 ETH at press time.
The 10,000 ETH was broken into five transactions of 2,000 ETH, with the first one sent on Dec. 10. The Deribit address currently holds around 3,473 ETH and just over 766,351 USDC.
The nature of Deribit’s transfers to the Alameda-linked address is still unknown. The Panama-based exchange is yet to comment on the transfers.
Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities
Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. 21 at the Southern District of Texas bankruptcy court.
According to court documents, the miner has liabilities between $1 billion- $10 billion. It has over 1,000 creditors, with the largest unsecured claim owed to B. Riley…
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