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Nalezeno "Bankruptcy": 1386

FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy


FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation After Motion to Dismiss From Parent Company In...

Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain


Mediation between bankrupt cryptocurrency lender Genesis Global Holdco and creditors is set to conclude by August 16, but a deal is yet not certain.  Speaking during a hearing before US Bankruptcy Judge Sean Lane, company lawyer Sean O'Neal said the mediation period would not be extended if...

FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership


On July 31st, under its new CEO, John J. Ray III, the bankrupt cryptocurrency exchange FTX Trading Ltd. submitted a draft plan to "reboot" the collapsed crypto exchange. The proposal was unveiled on Monday, presenting FTX.com claimants with the option to hold equity securities, tokens, or other...

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