Genesis, the crypto brokerage platform that froze withdrawals last week, may resort to bankruptcy if it fails to raise money from potential investors, according to people familiar with the matter. As ...
Tag: Bankrupt
Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals – Featured Bitcoin News
Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “t...
Prosecutors investigated FTX for months before collapse: Bloomberg
The U.S. Attorney’s Office for the Southern District of New York was investigating FTX months before the crypto exchange filed for bankruptcy protection, Bloomberg reported. Prosecutors were spe...
Customers of Bankrupt Lender Celsius Can File Proofs of Claim by January
Celsius’ motion, approved by U.S. Bankruptcy Court of the Southern District of New York last week, requires customers to submit proofs of claim on or before Jan. 3, 2023. Any person or entity – ...
D-Day Looms For Bitcoin – Are DCG / Genesis Going Bankrupt?
The question of whether Genesis Trading and Digital Currency Group (DCG) will go bust currently hangs over the crypto and Bitcoin market like a sword of Damocles. In the event of bankruptcy, DCG could...
Sam Bankman-Fried Personally Collected $300,000,000 After Raising Funds for Bankrupt FTX Last Year: Report
The disgraced founder of FTX reportedly personally took in hundreds of millions of dollars last year after a funding round for the embattled crypto exchange. According to a new Wall Street Journal rep...
Bankrupt crypto exchange FTX begins strategic review of global assets
As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic review of their global assets. The review ...
Bankrupt FTX Considers Selling Its Assets
John Ray, the chief restructuring officer and new CEO of fallen cryptocurrency exchange FTX, is wasting no time. Eight days after being named head of the restructuring of Sam Bankman-Fried’s emp...
Bankrupt FTX Fires Three of Sam Bankman Fried’s Favorite Deputies
What Makes the FTX File for Bankruptcy? FTX is linked to more than 120 companies, most of which are on the verge of filing for bankruptcy. FTX was founded in the Bahamas by Sam Bankman-Fried in 2019, ...
Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’ – Featured Bitcoin News
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conduc...
People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses – Markets and Prices Bitcoin News
Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-...
Bankrupt Compute North Sells $1.55M in Assets to Flared-Gas Bitcoin Miner
Compute North, the bankrupt operator of crypto-mining data centers, has sold some of its assets to green Bitcoin mining business Crusoe Energy. The sale of its container assets will generate just unde...
Nouriel Roubini just tore into Kevin O’Leary for his ties to bankrupt FTX, hopes CNBC will ‘get rid of him’ — but Mr. Wonderful still likes these low-risk stocks for income
‘A paid hack’: Nouriel Roubini just tore into Kevin O’Leary for his ties to bankrupt FTX, hopes CNBC will ‘get rid of him’ — but Mr. Wonderful still likes these low-risk stocks for i...
Binance.US to bid for bankrupt crypto lender Voyager: CoinDesk
Binance.US — the American arm of the largest crypto exchange by volume, Binance — is preparing to bid for bankrupt lender Voyager Digital, CoinDesk reported Thursday, citing a person familiar with the...
Bankrupt Compute North selling $1.55 million in assets to Crusoe
Bitcoin mining hosting provider Compute North is selling 11 containers for around $1.55 million to Crusoe Energy Systems. The U.S. Bankruptcy Court in the Southern District of Texas, Houston Div...
Disgraced FTX founder Sam Bankman-Fried still sees path to rebuilding his bankrupt empire and believes he can make his customers whole
The disgraced founder of FTX, Sam Bankman-Fried, believes there’s enough value locked on the exchange’s balance sheet to repay customer deposits held under custody and rebuild his dying crypto empire....
Crypto Venture Firm Sino Global Reveals ‘Mid-Seven Figures’ Exposure to Bankrupt FTX
Sino Global, a blockchain and digital assets-focused investment firm, today revealed losses suffered due to its exposure to the collapsed crypto exchange FTX, however, insists it continues operations ...
Crypto Community Calls For Congressional Probe Into SEC Gary Gensler’s Ties To Bankrupt FTX ⋆ ZyCrypto
Advertisement     As onlookers try to make sense of the mind-boggling meltdown of crypto exchange FTX, crypto community members are demanding the United States Congres...
A new NFT called Bankrupt FTX Yacht Club enjoys immediate success – crypto.news
A non-fungible token (NFT) collection called “Bankrupt FTX Yacht Club” enjoyed immediate interest from collectors following its creation on Nov. 11, the day when FTX filed for bankruptcy. The Bankrupt...
Bankrupt crypto exchange FTX says it may have more than a million creditors
FTX, the crypto exchange founded by Sam Bankman-Fried that filed for bankruptcy last week, said it may may have more than a million creditors in a sign of how complicated this insolvency will be to un...
Visa Terminates Agreements With Bankrupt Crypto Exchange FTX – News Bitcoin News
Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX’s “U.S. debit card program is being wound do...
Bankrupt FTX Had $9,000,000,000 in Liabilities With Only $900 Million in Liquid Assets Prior to Collapse: Report
New documents reveal that bankrupt crypto exchange FTX reportedly had liabilities 10x larger than the value of all of its liquid assets combined prior to its implosion last week. According to a recent...
FTX Bankrupt, Hacked, Investigated: A Timeline of Events
Sam Bankman-Fried’s $32 billion FTX empire is now bankrupt, sending markets crumbling — and the saga is far from over. Ever since FTX failed to withstand a $6 billion bank run last week, the once migh...
Crypto Mogul Leon Li’s Firm Has $18 Million Stuck On Sam Bankman-Fried’s Bankrupt Exchange
Leon Li, founder of Huobi Group and chairman of New Huo Technology. South China Morning Post via Getty Images New Huo Technology, a Hong Kong-listed digital asset services provider controlled by Chine...
Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange FTX and former CEO Sam Bankman-Fried several times before the crypto firm filed for bankruptcy. SEC Chairman Gary ...
Bankrupt FTX Faces Criminal Investigation in the Bahamas
The once multi-billion dollar cryptocurrency enterprise, which was headquartered in the Bahamas, started unraveling after a CoinDesk article questioning the financials of FTX’s sister company Al...
Bankrupt Voyager Digital Looks for New Buyer After FTX Goes Under
Bankrupt cryptocurrency broker and lender Voyager Digital Ltd. said it has resumed its search for a buyer in light of the collapse of crypto exchange FTX, the firm founded by wunderkind Sam Bankman-Fr...
FTX users may be cashing of bankrupt crypto exchange through a Bahamas loophole
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have f...
Bankrupt Crypto Lenders Celsius Seeks Extension of Exclusivity Period
About four months after commencing voluntary Chapter 11 bankruptcy proceedings, crypto lender Celsius Network is yet to execute the much-talked-about restructuring plan. The troubled lender has now f...
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout – Bitcoin News
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of e...