Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX.
In the filing, the company indicated that it had more than 100,000 creditors, with liabilities and assets ranging from $1 billion to $10 billion.
In the filing, the company listed an outstanding $275 million loan to FTX US, the American arm of Sam Bankman-Fried’s now-bankrupt empire.
A BlockFi subsidiary also moved for bankruptcy in Bermuda concurrently with the American filing.
Bermuda, like the Bahamas, has embraced crypto as the future of finance. Both established frameworks to deal specifically with crypto assets and digital currencies. Both the Bahamas, with FTX’s bankruptcy, and now Bermuda, with BlockFi’s, face the first significant legal tests of their crypto regulations.
Out of the 13 new viruses that have been identified, the oldest is a 48,500-year-old amoeba virus, according to the findings posted by researchers in the pre-print server bioRxiv, who boasted that they broke a world record for oldest virus bought back to life.
Sam Brinton, who originally made headlines for being “gender fluid” and receiving a position in the Biden administration at the U.S. Department of Energy, made the news again for being charged with a felony after allegedly stealing luggage at the Minneapolis−Saint Paul International Airport.
Earlier in the year, Brinton became the Deputy Assistant Secretary of the Office of Spent Fuel and Waste Disposition at the Energy Department, as he announced on Twitter in June.
“It’s official. As of June 19th, I now serve my nation as the Deputy Assistant Secretary for Spent Fuel and Waste Disposition in the Office of Nuclear Energy in the Department of Energy,” Brinton tweeted.
A torrent of spam posts advertising escort services have flooded Twitter amid protests against China's Covid protocols, analysts have said, claiming the Chinese government is trying to cover up the scale of the demonstrations.
Searches performed on the social media network in Chinese for names of cities where anti-lockdown protests have erupted revealed untold numbers of erotic posts published by Chinese bot accounts.
Twitter was blocked in China by the ruling Communist Party (CCP) in 2009, but users in the country can still access the platform via a VPN or website proxy service and use it to find information not subject to Chinese censors.
Several major Chinese cities including Shanghai and the capital of Beijing have been rocked by protests in recent days, and researchers from Stanford University believe the porn-posting bot accounts are part of a government effort to scupper the spread of information on the social network.
Mengyu Dong, a Chinese-American researcher at Stanford University, posted numerous examples of the spam via his Twitter profile while other users called on the social network's CEO Elon Musk to tackle the problem.
A junior research fellow who said that Jesus Christ had a “trans body” in his work has been backed by a dean at the University of Cambridge in the United Kingdom. The Dean of Trinity College, Dr. Michael Banner, came out in support of junior research fellow Joshua Heath, who presented Renaissance and Medieval artworks of the crucifixion displaying a side wound that he equated to a vagina in front of the crowd.
The assembly was in a state of shock and crying following the sermon. The words clearly offended the worshippers, and some of them started crying as soon as they heard the ‘offensive’ statements.
During the talk, Joshua exhibited three works of art to support his points, including the well-known Pieta by Jean Malouel from the year 1400, in which he highlighted Jesus’s side wound and blood pouring into his groin. He also said that this side wound was isolated and takes on a decidedly vaginal appearance in Bonne of Luxembourg’s Prayer Book from the 14th century, which was read by worshipers.
In typical Groundhog Day fashion, the Pentagon has failed yet another audit. Yet, for the most part, nobody seems to care in the media or government. When you fail year after year, it becomes the rule versus the exception to fail basic standards.
This recent failure marks the fifth year that the Defense Department has failed to meet the audit requirements set by Congress. That’s right, dear reader, your former War Department can’t fully account for all of its assets.
So how bad was it? If you ask the lead money man of the five-sided building, it wasn’t that bad; I mean, it’s only a couple trillion dollars worth of stuff that we can’t find, that’s not that bad.
Webmaster addition: "Quick! Knock over some buildings as a distraction!!" -- Official White Horse Souse
For the first time since the beginning of the pandemic, a majority of Americans dying from the coronavirus were at least partially vaccinated, according to a new analysis of federal and state data.
The waning efficacy of COVID-19 vaccines and increasingly contagious strains of the virus being spread to elderly and immunocompromised people have resulted in more deaths among those who have taken at least one vaccine dose, a Washington Post analysis published Wednesday finds.
"Fifty-eight percent of coronavirus deaths in August were people who were vaccinated or boosted," the Post reported.
One of the United States’ largest railroad labor unions has voted down a tentative agreement with rail management, raising the likelihood of a strike occurring by December. A strike could cause chaos as essential supplies become stranded along the rails.
An elected official in Rhode Island’s North Kingstown school district wants students who use the “wrong pronoun” in reference to transgenders to be punished for committing what she described as an act of “violence” against LGBTs.
For years, it was regarded as a wild conspiracy theory dreamt up in the basement of some creepy D.C. pizza shop. Today, however, the “elite pedophilia problem” has become a mainstream news talking point, at least over at Fox where Tucker Carlson addressed it openly in a recent segment.
Over the past two years, the parents of Sam Bankman-Fried (SBF), the criminal head of the now-defunct FTX cryptocurrency exchange Ponzi scheme, “bought at least 19 properties worth nearly $121 million in the Bahamas,” new reports claim.
Protests against communist Chinese dictator Xi Jinping and his regime's draconian COVID-19 protocols erupted across China over the weekend in what has been called the "White Paper Revolution." This uprising is reportedly the biggest since 1989, when the communist regime killed thousands of Chinese in the Tiananmen Square protests.
The United States Soccer Federation (USSF) briefly altered the flag of Iran in social media posts on multiple platforms ahead of the U.S. men’s team’s critical match with the Islamic Republic at the World Cup on Tuesday.
A Virginia Walmart night supervisor left behind a chilling “death note” before turning the store’s break room into a bloodbath Tuesday night, killing six store employees and injuring six others, the Chesapeake Police Department revealed Friday.
Maricopa County sent a haughty letter to Assistant Attorney General Jennifer Wright in response to her office demanding answers regarding voter suppression on Election Day.
The Gateway Pundit reported on the serious issues in Maricopa County’s General Election on November 8. Due to the incompetence of Maricopa County and Katie Hobbs, tabulators were down, printers ran out of ink, and long, long lines kept Republican voters waiting to cast their ballots. Republican voters were told to drop their ballots into “box 3” to be counted later.
Election experts and election workers later reported that these uncounted ballots were mixed with already counted ballots, leaving no way of knowing if all legal votes were counted!
Republicans had at least 72% of the turnout on election day, and this was a deliberate attempt to silence the largest County’s Republican voters.
Maricopa County did not take responsibility for any of these issues in its new letter.
The Gateway Pundit recently reported that Jennifer Wright, the Assistant Attorney General from the state of Arizona, fired off a letter to Maricopa County demanding answers to these tabulation errors and commingling of ballots in duffle bags by November 28.
The Daily Caller reports that the latest target of climate extremists might be the dog sitting on the couch next to you as you read this.
A recent CNN opinion column offered that reducing the number of household pets might be a viable solution to the climate crisis.
Plenty of people from older generations remember when real threats such as nuclear war made the headlines every day. We were also told that scary threats, such as acid rain, would damage our ecosystems forever. When some of this failed to materialize, the eco-extremists decided to move on to other tactics.
Lately, they have been pushing forward the narrative that the ozone layer is at risk and that we must give up our way of life to improve things.