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Nalezeno "Bankruptcy": 1399

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...

Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution 


The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge...

Bankrupt FTX and Genesis Global to Settle Dispute in Bankruptcy Cases


Bankrupt crypto exchange FTX and crypto lender Genesis have come to an agreement to settle their disputes within their bankruptcy cases. The agreement was disclosed in a letter submitted by their legal representatives to the US bankruptcy court for the Southern District of New York...

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