Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT

TGT alleged that it had raised concerns around FTX between November 7, 2022, and November 10, 2022. However, Tyr, led by ex-Deutsche bank exec Edouard Hindi, only withdrew the assets from FTX the day it filed for bankruptcy, the report said, citing a court filing.

Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades

The Cathie Wood-led investment firm sold 397,924 COIN shares from ARK Innovation ETF (ARKK), 45,433 shares from ARK Next Generation Internet ETF (ARKW), and 55,792 shares from ARK Fintech Innovation ETF (ARKF), bringing the total number of shares sold to 499,149.

Asset Manager Jupiter’s Crypto Investment Scrapped by Compliance Team: FT

Jupiter’s Gold & Silver fund had invested $2.58 million in 21Shares’ Ripple XRP ETP during the first half of 2023. However, the investment was flagged by the company’s “regular oversight process” and was later canceled at a loss of $834, according to the report.

Blockchain Analytics Firm Chainalysis Cuts 15% of Staff

“While Chainalysis continues to be well positioned for long-term success as a consistently top-performing software company, we are very focused on growing efficiently and, due to market conditions, believe it necessary to reduce our expenses at this time. We remain committed to our mission to build trust in blockchains among government agencies, financial institutions, and cryptocurrency businesses,” the company said in a statement.

Mt. Gox Pushes Repayment Deadline by a Year

The creditors of Mt. Gox’s creditors have been looking for some sort of relief for a decade. The prominent crypto exchange was hacked in 2014, which led to 850,000 bitcoin (BTC), worth nearly $23 billion based on current prices, being stolen. The exchange managed to recover around 20% of the stolen tokens after the hack.

Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some User, EY Says

In the coming week, EY will post the procedure for QuadrigaCX’s users to make a claim for the distribution. The claim of some users may be revised, as per the bankruptcy proceedings, but they can appeal the revision.

BitFlyer USA Fined $1.2M by NYDFS for Not Meeting Cybersecurity Requirements

However, NYDFS acknowledged bitFlyer USA’s efforts to step up its cybersecurity. The exchange presented the regulator with a remediation plan, which aims to make bitFlyer USA compliant with the states cybersecurity laws by the end of the year.

Some Genesis Creditors File for Mediator Assistance Over Amount of DCG Contribution to Reorganization

After reaching a pact earlier this year with Genesis owner Digital Currency Group (DCG), the creditors said in a filing at the bankruptcy court for the Southern District of New York on Monday that they’re seeking a mediator over “the amount, form, timing and other terms and conditions of DCG’s contribution to the debtors’ reorganization plan.” DCG is also the parent company of CoinDesk.

0x Protocol’s Token Surges 20% After DEX Partners With RobinHood, Polygon For Tx Relay

The native token of decentralized exchange 0x Labs (ZRX) surged nearly 10% as the protocol partnered with Robinhood Wallet and Polygon for building a relay network.

Republicans Plan to Reintroduce Legislation Restricting Crypto in 401(k): Politico

U.S. Sen. Tommy Tuberville (R-Ala) plans to reintroduce a legislation on Wednesday, which would restrict employers and investment firms from offering crypto as part of 401(k) retirement plans, Politico reported.

Crypto Lender Nexo Stopped EIP for US Clients on Feb. 10

However, Nexo also said that its other lending offering will continue as normal and that clients will continue to earn the same interest as EIP until April 1, 2023.