Tag: Firm

OPNX CEO scolds claimed backers after some deny investing in the firm

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A number of supposed Open Exchange (OPNX) investors have been blasted by the CEO of the crypto claims trading platform after some publicly distanced themselves from the project after being named as backers. On April 22, OPNX’s CEO Leslie Lamb tweeted that the behavior of the firms was “disgusting” and “disappointing” saying they “want all the upside with little to no risk.” “I’m here to remind everyone that’s not how entrepreneurship works, if it isn’t already clear,” Lamb added. I’ve gotten all but 4 hours of sleep dealing with the…

OPNX CEO scolds claimed backers after they deny investing in the firm

A number of supposed Open Exchange (OPNX) investors have been blasted by the CEO of the crypto claims trading platform after some publicly distanced themselves from the project after being named as backers. On April 22, OPNX’s CEO Leslie Lamb tweeted that the behavior of the firms was “disgusting” and “disappointing” saying they “want all the upside with little to no risk.” “I’m here to remind everyone that’s not how entrepreneurship works, if it isn’t already clear,” Lamb added. I’ve gotten all but 4 hours of sleep dealing with the…

Crypto firm Mawson sells Texas sites for $8.5M ahead of vote on anti-mining bill

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Crypto mining firm Mawson Infrastructure Group will be exiting Texas following an $8.5-million sale of its local subsidiary as well as lease agreements and contracts related to operating in the state. In an April 19 announcement, Mawson said it had arranged the sale of its subsidiary Luna Squares Texas to Singapore-based fund manager M Turing VCC Oracle Phase 1 Fund for $8.5 million in cash and stablecoins. CEO James Manning said the sale was conducted as part of a strategy to focus the company’s operations in Pennsylvania and reduce existing…

FTX Reboot Plan Attracts Interest From VC Firm Tribe Capital: Report

Tribe, whose portfolio included FTX ahead of its dramatic collapse in November, is considering leading a $250 million fund raise, with a $100 million commitment from itself, according to the report. A source told Bloomberg that Tribe Capital co-founder Arjun Sethi met with FTX’s official committee of unsecured creditors in January to go over an informal proposal. Source AttractsCapitalFirmFTXInterestPlanRebootReportTribe CryptoX Portal

Bitcoin Financial Services Firm Unchained Capital Raises $60M

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“In the midst of market chaos, Unchained has emerged as a highly trusted provider of bitcoin custody and financial services through superior technology, risk management, regulatory compliance, and client service,” said Valor partner Vivek Pattipati, who will be joining the Unchained board of directors. “Particularly in lending, the company has differentiated itself by minimizing risk to both the lender and the borrower, leading to resilience and an extraordinary opportunity to capture market share.” Original

South Korean Prosecutors Reveals Do Kwon Sent Funds to Local Law Firm before TerraUSD’s Fall

After Kwon was arrested, the prosecutors indicated that he had paid the law firm before the collapse. As the legal battle between Do Kwon and South Korean prosecutors continues, the prosecutors stated that the CEO of Terraform Labs Do Kwon transferred some money to a law firm before TerraUSD and Luna crumbled. There are reports about the crypto entrepreneur sending 9 billion won ($7 million) to local law firm Kim & Chang just before the demise of the tokens he created. Do Kown is the South Korean CEO and co-founder…