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Nalezeno "Bankruptcy": 1386

Former FTX CEO Sam Bankman-Fried and Debtors Reach Settlement in Embed Proceeding


Image by Александр Поташев, Adobe Stock The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed. In a December 22 filing with the United...

Galaxy Digital Seeking to Score Deals From Defunct Cryptocurrency Companies


Galaxy Digital, a digital assets and blockchain financial services company, is seeking to score deals with defunct cryptocurrency companies to acquire their assets. According to reports, the company is eyeing FTX’s venture capital portfolio, which has a sizable stake in artificial...

Bankrupt Crypto Firm FTX Trading Reaches Settlement With Bahamian Subsidiary


FTX Trading Ltd. and its affiliated debtors have announced a landmark settlement with their Bahamian subsidiary, FTX Digital Markets Ltd., amid ongoing liquidation proceedings. This agreement, pending court approval, promises a novel approach to handling the complex legal challenges stemming from...

Breaking: Global Settlement Reached in FTX Digital Markets Liquidation


FTX struck a global settlement between its US and Bahamas bankruptcy proceedings in an attempt to jointly maximize creditor payouts. Image by Александр Поташев, Adobe Stock. The ongoing saga following the dramatic collapse of Sam Bankman-Fried‘s bankrupt cryptocurrency exchange FTX took...

Galaxy Digital on the Hunt for More Crypto Bankruptcy Assets Post-FTX Deal


Source: LinkedIn Galaxy Digital, the cryptocurrency group led by US billionaire Mike Novogratz, is seeking additional asset sales from bankrupt digital asset companies following a successful deal that involved selling coins held by FTX.  The transaction has significantly increased Galaxy’s...

Bitcoin Miner Hut 8 to Build Out Mining Facility in Partnership with Celsius


Source: Pixabay Digital asset mining firm Hut 8 signed an interim agreement to build out and install crypto-mining facilities in collaboration with Celsius Network. In a Dec 18 press release, the Bitcoin miner signed the agreement linked to Celsius bankruptcy proceedings which will see the firm...

FTX enters the final phase to end bankruptcy


Sam Bankman-Fried let go of control over FTX in the previous year. Almost 12 months later, the reorganized structure of the company has shown a positive sign of finally settling billions of dollars in debt. While it is unsure how and when the debts will be settled, management at FTX has said that...

FTX Legal Fees Amount to $1.3 Million Per Day, Creditors Concerned


Source: Adobe Bankrupt digital asset exchange, FTX has paid hundreds of millions in legal fees in a few months sparking reactions as creditors seek to recover their losses. Court filings show that over $118 million were billed on the exchange between August and October for professional legal fees...

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