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BlockFi bankruptcy filing triggers a wide range of community reaction
29.11.2022
Some pointed their fingers at podcaster Anthony Pompliano for promoting the crypto lending platform quite recently
Bitcoin Price and Ethereum Regain Upward Momentum; BlockFi Files for Bankruptcy
29.11.2022
Despite the market's ongoing fear, the leading cryptocurrency, Bitcoin, is rebounding above the psychological level of $16,000 on November 29. Similarly, Ethereum, the second-most valuable cryptocurrency, is rising after gaining support near the $1,150 level.
Major cryptocurrencies were trading...
Silvergate denies recent FUD, confirms minimal exposure to BlockFi
29.11.2022
Silvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi
BlockFi sues FTX's Bankman-Fried over shares in Robinhood
29.11.2022
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement
Crypto Markets Today: BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides
28.11.2022
Crypto prices dived amid continued market contagion triggered by the FTX collapse earlier this month. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Bitcoin Languishes Near $16K as BlockFi Bankruptcy Keeps Crypto Credit Contagion Concerns in Focus
28.11.2022
US-based cryptocurrency lending and borrowing platform BlockFi, formerly one of the biggest in the cryptocurrency space, filed for Chapter 11 bankruptcy protection on Monday. The company indicated that it hopes to restructure and will continue operations for the time being....
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
28.11.2022
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings...
FTX logos and promotional material still everywhere despite bankruptcy proceedings
28.11.2022
Though some officials have removed all traces of their deals with FTX, the firm's branding still appears on a few sports venues and merchandise
BlockFi files for bankruptcy, as many expected, cites FTX collapse for its troubles
28.11.2022
The crypto lender was previously "rescued" by FTX following the LUNA stablecoin collapse
BlockFi Files for Bankruptcy as FTX Contagion Spreads
28.11.2022
BlockFi filed for bankruptcy days after suspending withdrawals last week. FTX had extended a $400 million line of credit to the lender earlier this year
Alameda Withdrew $204M in Crypto From FTX US Days Before Exchange Collapsed
28.11.2022
Alameda Research reportedly withdrew the most funds from FTX US, the U.S. arm of FTX, days before the crypto exchange filed for bankruptcy. The majority of the withdrawn cryptocurrencies were sent to wallets owned by FTX International, “suggesting that Alameda may have been operating...
Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit
27.11.2022
While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx token (FTT) still trades above a U.S. dollar per unit. Moreover, the unknown entity known as the ‘FTX Accounts Drainer,’ still holds the second...
Crypto Influencer Bitboy Flies to the Bahamas to Question Former FTX Exec Sam Bankman-Fried
27.11.2022
Its been 16 days since FTX filed for Chapter 11 bankruptcy protection in the U.S. and the former FTX CEO Sam Bankman-Fried (SBF) is allegedly still hunkering down at his seaside resort in the Bahamas. This weekend, the Youtuber known as Bitboy decided to fly down to Nassau in order to question...
Report: State Securities Regulators Probe Crypto Lender Genesis
26.11.2022
State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have...
Alameda Research withdrew $204M ahead of bankruptcy filing - Arkham Intelligence
26.11.2022
According to analysis from blockchain firm Arkham Intelligence, over 50% of the funds transferred after Nov. 6 were in US pegged stablecoins
American regulators to investigate Genesis and other crypto firms
25.11.2022
Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets
25.11.2022
The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the troubled coin trading platform. Turkey’s Financial...
Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator
24.11.2022
The Securities Commission of The Bahamas said the continued hacking attempts on FTX prove it made the right call to "secure" FTX's digital assets
CrossTower eyeing further crypto acquisitions outside of Voyager bid
24.11.2022
CrossTower’s president said they would place extra emphasis on highly transparent and compliance-focused companies in light of the FTX collapse
Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’
23.11.2022
On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan Cromwell with limited information. Bromley further...