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Nalezeno "Bankruptcy": 1386

BlockFi CEO Zac Prince Blames Bankruptcy on FTX and Alameda


The federal criminal case against Bankman-Fried closed out its second week Friday with engaging testimony from BlockFi founder and CEO, Zac Prince. Prince claimed that BlockFi began lending money to FTX towards the start of 2021, increasing the fallen crypto exchange's borrowing later on in...

An Urban Farmstead Emerges From 3AC Co-Founder’s Bankrupt-Shadowed Mansion


According to a report, the spouse of Three Arrows Capital (3AC) co-founder Su Zhu has transformed their residence into a farmstead. The farm reportedly boasts numerous garden beds, a variety of composting zones, and the couple’s swimming pool has been converted into a natural pond. Report...

SEC Charges FTX Auditor for Helping Clients Violate Securities Laws


The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities laws and also auditor independence violations....

Blockfi Bankruptcy Plan Confirmed, Paving Way for Client Distributions 


Crypto lender Blockfi is moving closer to returning funds to clients after a bankruptcy judge confirmed its Chapter 11 plan on Tuesday. The plan outlines a process for the company to distribute the remaining assets to clients and attempt to recover additional funds. Blockfi Advances on Client Asset...

Former Three Arrows Capital Executive Su Zhu Arrested in Singapore


Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown...

3AC’s Su Zhu Apprehended in Singapore on Flee Attempt


Su Zhu the founder of bankrupt crypto hedge fund, Three Arrows Capital has been arrested in Singapore while embarking on an attempt to flee according to reports. According to a disclosure made by Teneo, the fund's liquidator, Zhu was detained at the Changi airport on Friday after a committal order...

FTX Bankruptcy Claims Skyrocket as Company Recovers $7.3 Billion in Assets


According to a Wednesday report by digital assets platform Matrixport, the market value of bankruptcy claims against crypto exchange FTX has more than tripled this year. This comes ahead of the founder and CEO Sam Bankman-Fried's impending criminal trial set to begin next week.... Read More:...

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