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FTX Bankruptcy Case: Lawyers Seek $323.5 Million Recovery from FTX Europe Leadership
13.7.2023
FTX lawyers have filed a court motion seeking the recovery of $323.5 million from the leadership of FTX Europe, which includes Patrick Gruhn, Robin Matzke, Brandon Williams, and Lorem Ipsum UG.
According to court filings submitted on Wednesday, the lawyers allege that the FTX Europe leadership...
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
FTX Bankruptcy Lawyers Ask Court For $323m Recovery From FTX Europe Leadership
13.7.2023
Crypto exchange FTX's lawyers have asked the bankruptcy court in Delaware to award recovery of more than $323.5 million from FTX's Europe leadership
FTX claims portal becomes unavailable shortly after going live
11.7.2023
Users affected by the bankruptcy of FTX or certain subsidiaries have the option of filing a proof of claim through Kroll’s online customer form and via U.S. mail
Mt. Gox repayment date looming: Is Bitcoin in trouble?
11.7.2023
As the Mt. Gox repayment deadline scheduled for October approaches, crypto observers expect a major industry event coming up this fall
Unidef Launches Revolutionary Initiative to Assist Crypto Community Affected by Centralized Platforms Misconduct
11.7.2023
PRESS RELEASE. Dubai, UAE — Jul 11, 2023 – In an unprecedented move, Unidef (unidef.org), a global organization advocating for decentralized empowerment, has taken an extraordinary step to safeguard the crypto community that has been negatively affected by the recent contentious financial...
Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm
10.7.2023
The company, 117 Partners, will be a hybrid between advisory and investment, said Braziel
Florida's Financial Regulator Accuse Bittrex Exchange for Violating Several State Laws Before Filing for Bankruptcy
6.7.2023
Bittrex cryptocurrency exchange which filed for Chapter 11 bankruptcy on May 8 in the US state of Delaware, is now accused of violating several laws in the state of Florida.
Florida’s financial regulator has filed a case against the exchange accusing it of violating multiple state laws, prior...
Bittrex may still face enforcement action in Florida amid bankruptcy
6.7.2023
A filing in bankruptcy court from Florida's Office of Financial Regulation suggested the regulator still had the “administrative discretion” to charge Bittrex
FTX, Three Arrows, and SEC Join Forces Against BlockFi's Bankruptcy Plans, Unveiling Billion-Dollar Dispute
6.7.2023
FTX, Three Arrows Capital (3AC), and the Securities and Exchange Commission (SEC) have united against BlockFi's bankruptcy plans, revealing a billion-dollar dispute that has brought them together.
In a legal filing submitted by FTX on June 7, it has been argued that BlockFi's proposed plans...
Bittrex Faced Enforcement Action From Florida Regulator Ahead of Bankruptcy
6.7.2023
The state's financial regulator accused the U.S. firm of violating multiple state laws, and was looking to explore settlement avenues, court filings show
BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC
6.7.2023
Multiple defunct crypto companies are now scrambling to resolve complex financial ties as they seek to repay creditors and customers
Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses
4.7.2023
A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between March and May 2023, roughly $5.17 million in legal...
Creditors for bankrupt Voyager Digital billed $5.1M in legal fees
4.7.2023
Voyager is not the only crypto firm incurring hefty legal fees; FTX, for example, has been billed over $120 million in fees
Cameron Winklevoss Proposes 'Final Offer' in Genesis Crypto Bankruptcy Case
4.7.2023
Cameron Winklevoss, the billionaire co-founder of the Gemini crypto platform, has put forth his "best and final offer" in the bankruptcy restructuring of digital asset lender Genesis.
In an open letter to Barry Silbert, the founder of Digital Currency Group (DCG), which...
Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'
3.7.2023
The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in trading volume, said Davies
How Much Is Too Much to Spend on FTX's Bankruptcy?
30.6.2023
Are Sam Bankman-Fried’s victims being ripped off a second time?
Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks
30.6.2023
Creditor distributions will only be made in the two most popular cryptocurrencies, the company said
FTX Pauses Sale of $500 Million Stake in AI Startup Anthropic
30.6.2023
Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been viewed as a source of funds that can be used to compensate customers who suffered losses as a result of the coin trading platform’s collapse....
Report: FTX Management Seeks Investors to Revive Defunct Crypto Exchange; Exchange Token FTT Surges
29.6.2023
FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary discussions with prospective investors, who could...