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Voyager bankruptcy plan approved, customers may recover 35.7% of claims initially
17.5.2023
The third try is a charm for the crypto brokerage, whose assets were almost bought by FTX and Binance.US. Now it’s just handing what it has over to its creditors
Crypto Influencer Loomdart Pitches FTX 2.0 as the Path Forward for FTX Creditors
16.5.2023
Crypto veteran Loomdart is supporting an FTX reboot as a way to make creditors whole and increase trust in the industry.
Loomdart, who is also the co-founder of eGirl Capital, said an FTX relaunch could be successful if all users and creditors get a chunk of the platform. ...
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Bloomberg Analyst: Crypto Faced Its Own Set of Bank Runs Alongside the Wider Economy
16.5.2023
Despite being a disruptive force which pits itself in opposition to traditional finance, crypto has also witnessed its own series of bank runs, and some observers believe future runs of what some call 'crypto shadow banks' could become more destructive, according to Matt Levine, an opinion...
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
16.5.2023
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands...
BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management
16.5.2023
The creditors committee said in a court filing that BlockFi was pressing a “false case narrative” by portraying itself as a victim, and more blame should be placed on its management
BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says
15.5.2023
The litigation supporting claims against its commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say
Former FTX Executive Is Cooperating in a Lawsuit Against Shaquille O’Neal, Tom Brady and Other Celebrities
12.5.2023
A class action lawsuit against big-name celebrities who promoted bankrupt FTX including Shaquille O’Neal, Tom Brady and Naomi Osaka has garnered cooperation from a former executive, according to a recent court filing.
Former FTX Chief Compliance Officer Daniel Friedberg provided evidence tying...
Sam Bankman-Fried's Ties to George Santos Are Just the Beginning
12.5.2023
The indicted congressman, who wildly embellished his background, received big donations from FTX executives. That was just one strand in Bankman-Fried's tangled influence-peddling web
Job Cuts at Silvergate as Crypto-Friendly Bank Winds Down After FTX Collapse
12.5.2023
Silvergate Capital, the parent company of now-defunct crypto-friendly bank Silvergate Bank, has announced another major layoff that would impact 230 employees.
In a recent filing with the Securities and Exchange Commission (SEC), the company said it would have just 80 employees left by the end...
Lawsuit against FTX celebrity promoters gets backup from former exec
12.5.2023
Daniel Friedberg, the former top compliance chief for FTX and FTX US, has provided a declaration that could support the lawsuit
FTX Bankruptcy Sees $44 Billion Claims from U.S. Internal Revenue Service
11.5.2023
The US Internal Revenue Service (IRS) has filed tax claims worth a staggering $44 billion against bankrupt crypto exchange FTX and its affiliated entities.
According to recent bankruptcy filings, the IRS has put forth a total of 45 claims against FTX companies related to unpaid taxes which could...
IRS claiming $44B from FTX bankruptcy: Report
10.5.2023
The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research
U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy
10.5.2023
The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes
FTX Lawsuit Against Shaq Takes a Wild Turn: Court Documents Allegedly Thrown at NBA Star’s Car
10.5.2023
In a recent court submission, legal representatives for basketball icon Shaquille O’Neal, commonly referred to as Shaq, claim he was not duly served in the FTX class-action lawsuit. As per the document, servers allegedly hurled the court documents at Shaq’s car, ultimately landing...
Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec
10.5.2023
DBS Bank’s crypto trading platform has been attracting more institutional investors due to crypto exchanges that collapsed last year
Bear market pushes crypto events to cut fluff, prioritize discourse
10.5.2023
“Huge DJs” no longer appear at crypto events, instead, attendees are seeing more “well thought out, intelligent questions” being asked
Shaquille O'Neal claims process servers 'tossed' FTX legal papers at his moving car
9.5.2023
The NBA star appeared in a June 2022 commercial saying he was “all in” on FTX, one of many endorsements that led to a class-action lawsuit following the exchange's collapse
OKX just sent $60M in USDT, MASK token to Alameda Research
9.5.2023
The fund transfer may be part of a recovery effort to repay creditors of the failed FTX crypto exchange
Why Author Brady Dale Is 'Drowning' in Sam Bankman-Fried
9.5.2023
Before his business collapsed, FTX founder Sam Bankman-Fried built one of the cryptocurrency industry's largest exchanges and personal brands by dazzling the media, public and politicians. Axios reporter Brady Dale argues SBF's addiction to fame led to his notoriety
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
9.5.2023
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s...