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FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management
10.4.2023
FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled...
FTX financial controls were a ‘hodgepodge’ of apps, says court filings
10.4.2023
A court filing alleged apps such as Excel spreadsheets and Slack messages were used to manage the assets and liabilities of FTX and its entities
Celsius Network to make April 12 filing, including info on voting for restructuring plan
7.4.2023
"Our Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, and additional information on certain risk factors," said Celsius
Bankruptcy Claims Exchange OPNX Stumbles Out of the Gate
5.4.2023
Bankruptcy claims exchange OPNX has struggled in terms of trading volume one day after it went live, the exchange's native token, FLEX, is is down by 26% in the past 24-hours
Tether 'unequivocally reiterates' no exposure to Signature Bank
5.4.2023
The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
4.4.2023
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could...
Voyager-Binance.US Legal Fight Must Be Resolved by April 13, Court Documents Say
4.4.2023
The bankrupt company’s creditors stand to lose $100 million if delays caused by government objections drag on
‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks
3.4.2023
Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini:...
U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says
1.4.2023
District Judge Jennifer Rearden put the $1 billion deal on hold but said she’d expedite an appeal to avoid too much delay
New Report: Bankruptcy Markets Thrive Amid Crypto Industry Turmoil Following FTX's Collapse
31.3.2023
Users of failed crypto exchanges and funds are selling their claims for a fraction of their paper value, creating a thriving market for bankruptcy claims.
The 2022 crypto meltdown affected some of the most prominent digital asset firms, leading to the collapse of dozens of high-profile crypto...
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
Three Arrows Capital's Kyle Davies Ordered to Respond to Subpoena Within 2 Weeks
30.3.2023
The court also ruled that the 3AC liquidators' service of a subpoena to Davies via Twitter complied with due process
Paxful to return lost Celsius funds to Earn users
29.3.2023
Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network's bankruptcy
British Virgin Islands Court Orders 3AC Founders to Attend Examination on May 22
29.3.2023
The 3AC founders will be found in contempt of court if they fail to reply to the order
FTX’s $45M Sequoia Sale Cleared, as Embed Divestment Delayed
29.3.2023
A Delaware bankruptcy judge approved the sale of the bankrupt company’s assets to Abu Dhabi’s investment arm
Voyager's $1B sale to Binance.US put on hold by US court
28.3.2023
A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal
Judge Puts Voyager Sale to Binance.US on Hold Pending Government Appeal
28.3.2023
A federal judge paused Voyager's efforts to sell its assets to Binance.US in response to the U.S. government's filing for an emergency stay
FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet
27.3.2023
A wallet controlled by the FTX bankruptcy estate has received tranches of the Arbitrum airdrop from several wallets linked to Alameda Research, on-chain data shows
Eversheds Sutherland Files for Property Rights Over FTX.com Customer Assets
24.3.2023
Lawyers asked the court for an early stage summary judgment, to ring-fence FTX assets frozen in the accounts of non-U.S. customers
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
24.3.2023
BlockFi filed for bankruptcy in the wake of FTX's collapse