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Nalezeno "Bankruptcy": 1399

FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings

19.1.2023
Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid...

First Mover Americas: BTC, ETH Drop Amid Genesis Bankruptcy Reports

19.1.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Crypto Markets Today: Bitcoin Falls Below $21K; Genesis Nears Bankruptcy Filing; Bitzlato Founder Arrested

18.1.2023
Bitcoin fell 2% to trade at the $20,700 level, while ether was trading down 3% to the $1,530 level. Equities closed down

FTX profited from Sam Bankman-Fried's inflated coins: Report

18.1.2023
Former FTX CEO allegedly used his popularity to lure developers, and Alameda Research to inflate the price of certain coins

Genesis to Declare Bankruptcy Soon While DoJ to Announce Major International Crypto Enforcement Action - Bitcoin Drops

18.1.2023
Bloomberg reports that Genesis may be getting ready to declare bankruptcy. The troubled crypto lender has been under the shadow of insolvency for weeks, following the credit crisis that has hit the crypto industry. Genesis was one of the largest lenders in the space, often acting as a third-party...

Genesis is planning to file for bankruptcy: Report

18.1.2023
Another one bites the dust? Reports suggest the initial filing could come later this week

Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports

18.1.2023
Genesis had previously halted customer withdrawals following FTX's epic collapse

Sam Bankman-Fried Disputes FTX US ‘Shortfall’ Claims, Critics Skeptical of Excel Spreadsheet Defense

18.1.2023
Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the presentation published by litigation firm Sullivan &...

FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate

18.1.2023
On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with...

FTX: it took 'Herculean investigative effort' to identify $5.5B in liquid assets

17.1.2023
Debtors said they had identified $1.7 billion in cash, $3.5 billion in crypto assets and $0.3 billion in securities following FTX filing for Chapter 11 bankruptcy

'Ninth circle of hell' is reserved for SBF for his betrayal: Scaramucci

17.1.2023
The SkyBridge founder opened up about his trust in FTX founder Sam Bankman-Fried which was ultimately broken after the exchange collapsed

Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny

16.1.2023
According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over...

Monex wants to buy FTX Japan amid bankruptcy proceedings: Report

16.1.2023
Monex CEO Oki Matsumoto said that it will be a “very good thing” for them if there will be less competition in the market

Former President of FTX US Shares His Experience and Relationship With CEO Sam Bankman-Fried in Detailed Twitter Thread

15.1.2023
The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for Citadel...

Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant

15.1.2023
Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO

Alameda Research had a $65B secret line of credit with FTX: Report

14.1.2023
Sam Bankman-Fried ordered Gary Wang, FTX's co-founder, to open the alleged credit line financed by the exchange's customers

Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets

14.1.2023
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of...