Celer Network said on social media that the BRC-20 Cross-Chain Interaction Bridge will be released in two phases. The first phase will see the release of an SGN-based Cross-Chain Interaction bridge, which will be secured by a PoS and Optimistic dual-mode Cross-Chain Interaction Consensus based on its xAsset locking casting model. The second phase will be integrated with the intelligent ZK coprocessor Brevis to enable trustless BRC-20 zkBridge, leveraging ZKP to improve security.

According to PANews news on June 23, according to Cointelegraph, FTX has filed a lawsuit in the Delaware Bankruptcy Court in the United States, suing some investment companies associated with it before bankruptcy. The lawsuit, filed on June 22, contains 16 charges and seeks more than $700 million in damages from the defendants. The defendants in the lawsuit include incubator and investment firms K5 Global, Mount Olympus Capital and SGN Albany Capital, as well as affiliated entities and co-owners of K5 Global Michael Kives and Bryan Baum. The suit states that former FTX CEO SBF attended a networking event hosted by Kives in 2022. FTX-affiliated crypto trading firm Alameda Research transferred $700 million to Kives, Baum, and K5 Global, but they disguised the transactions as coming from shell companies SGN Albany and Mount Olympus Capital. The suit seeks the return of funds transferred from Alameda Research to SGN Albany Capital, and funds transferred from Kives, Baum and SGN Albany Capital to Mount Olympus Capital. These transactions were described as "not getting equivalent value" and were avoidable. In U.S. bankruptcy law, an avoidable transaction is one that can be avoided under the bankruptcy or other laws. FTX will recover $800 million from K5 Global, Olympus Capital, SGN Albany and others.

Odaily Planet Daily News FTX has filed a lawsuit in the Delaware Bankruptcy Court, suing some investment institutions related to it before bankruptcy. The lawsuit, filed on June 22, contains 16 charges and seeks more than $700 million in damages from the defendants. The lawsuit names incubators and investment firms K5 Global, Mount Olympus Capital and SGN Albany Capital as defendants, as well as affiliated entities and K5 Global co-owners Michael Kives and Bryan Baum. The lawsuit alleges that FTX’s affiliate Alameda Research transferred $700 million to Kives, Baum and K5 Global prior to its collapse, but the parties involved disguised the transactions as coming from shell companies SGN Albany and Mount Olympus Capital. The lawsuit seeks the return of funds transferred from Alameda Research to SGN Albany Capital, and funds transferred from Kives, Baum and SGN Albany Capital to Mount Olympus Capital. These transfers of funds have been described as "not acquiring equal value" and, crucially, they were avoidable. In U.S. bankruptcy law, an avoidable transaction is one that can be avoided under the bankruptcy or other laws. Kives, Baum and SBF also developed a close personal relationship, with Baum even having his own bedroom at the FTX executive's residence in the Bahamas, the indictment said. After FTX went bust, "Kives and Baum worked behind the scenes with SBF to develop a strategy in hopes of finding someone to save the FTX group (and protect their golden goose)." A spokesperson for K5 Global said the lawsuit had "no legal merit," adding: "K5 is a venture capital firm with over $1 billion in assets under management (excluding investments from SBF and its affiliates). any funds) and invested in 148 companies. In mid-2022, SBF and an Alameda subsidiary acquired one-third of the K5 general partnership in cash and stock and eventually contributed to some of the K5-managed Fund invested $400 million.” (Cointelegraph)

Jinse Finance reported that FTX has filed a lawsuit in the Bankruptcy Court of the State of Delaware in the United States against some of the investment companies that it was associated with before its collapse. The lawsuit was filed on June 22, including 16 charges, and demanded that the defendant pay more than 700 million yuan. Dollar. The lawsuit names incubator and investment firms K5 Global, Mount Olympus Capital and SGN Albany Capital as defendants, as well as affiliates and K5 Global co-owners Michael Kives and Bryan Baum. The lawsuit alleges that FTX’s affiliate Alameda Research transferred $700 million to Kives, Baum and K5 Global before its collapse.

Jinse Finance reported that FTX has filed a lawsuit in the Bankruptcy Court of Delaware in the United States against some of the investment companies it was associated with before its collapse. The lawsuit was filed on June 22, including 16 charges, and demanded that the defendant pay more than 700 million yuan. Dollar. The lawsuit names incubator and investment firms K5 Global, Mount Olympus Capital and SGN Albany Capital as defendants, as well as affiliates and K5 Global co-owners Michael Kives and Bryan Baum. The lawsuit alleges that FTX’s affiliate Alameda Research transferred $700 million to Kives, Baum and K5 Global before its collapse.