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FTX Bankruptcy Court Warned Against Granting Bahamas 'Dangerous' IT Access
14.12.2022
Testimony from new boss John Ray has proven inflammatory in the Bahamas, where parallel proceedings are attempting to wind up the crypto exchange
Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine
14.12.2022
Celsius previously missed an apparent deadline to make a claim based on its relationship with fellow crypto lender Voyager
Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy
13.12.2022
Galaxy, the crypto-focused financial services firm, had won the auction for GK8 earlier in the month
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse
13.12.2022
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access...
$1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee
13.12.2022
There is “irreconcilable conflict" between the interests of FTX's international customers and those of other creditor groups, said Eversheds Sutherland Partner Sarah Paul
US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse
13.12.2022
According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house...
SBF planned to blame everyone but himself, shows leaked Congress testimony
13.12.2022
SBF blamed the current CEO, his legal counsel, the law firm he appointed for bankruptcy, and Binance CEO CZ, without admitting any wrong on his part
$75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: report
12.12.2022
To distance themselves from the failed exchange, some politicians have already resorted to donating funds they received from FTX to charity
FTX was an 'utter failure of corporate controls at every level of an organization', says CEO
12.12.2022
Countering some of SBF's claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run
Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy
12.12.2022
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9
Bitcoin Miner Argo Blockchain Says It's Close to Restructuring Without Having to Declare Bankruptcy
12.12.2022
The London-based company warned, however, that there's no reassurance it will be able to do so
Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'
12.12.2022
Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell
Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians
12.12.2022
Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer...
Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’
11.12.2022
According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly, high-up executives from crypto exchanges are members of...
Former top SEC crypto regulator hired by Caroline Ellison
11.12.2022
Ex-Alameda Research head will be represented by Stephanie Avakian and a team of attorneys from WilmerHale
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed
11.12.2022
Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed. The media companies believe the public should...
Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme
10.12.2022
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is still trading above $1 per unit, and it managed...
FTX Bankruptcy Managers Hire Forensic Investigators AlixPartners: WSJ
8.12.2022
The team, led by former SEC accountant Matt Jacques, is tasked with tracking billions of dollars that disappeared from FTX
Bitcoin Price and Ethereum Prediction; Celsius Customers to Get $44M in Crypto From Bankruptcy
8.12.2022
Bitcoin, the leading cryptocurrency, has failed to hold above the $16,900 support level, which has now become a major resistance. While Ethereum, the second-most valuable cryptocurrency, has also breached a major support level of $1,240, extended by an upward channel.
Given this, BTC and ETH...
Crypto lender Genesis has no solution yet for withdrawal halts
8.12.2022
Genesis said it will take additional weeks to carve out a recovery path for its lending business