Company
Crypto trading firm founded by Sam Bankman-Fried, closely intertwined with FTX and wound down after the exchange's failure.
Sam Bankman-Fried's Supreme Court petition now waits on a government reply due Nov. 16 instead of Oct. 15. Cointelegraph reports the justices could decide whether to hear the case in late 2026 or early 2027.
Reality
SWI Group paid $500 million for about 77% of Genesis Digital Assets, which controls 1.3 GW of grid connections across 15 sites. That works out to about $500,000 per attributable megawatt, paid ahead of the AI conversion SWI plans.
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SWI Group raised €800 million at a €6.1 billion valuation and is selling the last three Kazakh bitcoin mines of Genesis Digital. The cash is new equity, Cryptopolitan reported, and the mines' sale price was not disclosed.
Reality
On June 15 the FTX Recovery Trust dropped its $1.15 billion clawback case against Genesis Digital with prejudice, without saying what the estate received. SWI, which controls Genesis Digital, announced an EUR 800 million raise for AI compute and data centers on October 12.
Reality
US government wallets moved about $470 million of seized Bitfinex- and Alameda-linked crypto to likely Coinbase Prime addresses, Arkham said. Trump's reserve order lets officials repay victims from seized coins, so even a sale of this pool would say little about the pledge to keep reserve bitcoin.
Reality
US government wallets sent 833.6 BTC, worth about $71.6 million, toward Coinbase Prime on Oct. 7, roughly 0.26% of the bitcoin they still hold. The risk that the stash comes to market depends far more on the executive orders limiting sales of reserve bitcoin than on transfers this small.
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Caroline Ellison now works full time on technical infrastructure and operations at Manifund, a nonprofit grant platform that says it has raised $17.2 million across 486 projects. Her SEC bars run for a decade.
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Bankman-Fried is asking the Supreme Court to treat the FTX estate's recoveries as evidence about the crime itself, an argument the Justice Department says is beside the point and one the Court almost never agrees to hear.
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