The horizon is uncertain for Coinbase. The cryptocurrency exchange is still unable to get out of the bad patch that the cryptocurrency sector has been going through for a year. The cryptocurrency ma...
Tag: Bankruptcy
Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena – Exchanges Bitcoin News
A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million doll...
Alameda liquidators get liquidated on Aave as they try to consolidate funds
Alameda liquidators lost $72,000 on DeFi lending platform Aave after getting liquidated themselves while attempting to recover funds for creditors. The liquidators were trying to close the posit...
FTX Recovered $5 B Plus in Assets: Bankruptcy Attorney
Interestingly FTX manages to recover more than $5 billion in assets. This recovery does not include $425 million under the custody of the Securities Commission of the Bahamas. The final amount FTX ow...
Bed Bath & Beyond stock is going haywire amid bankruptcy bets
Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Sh...
Coinbase Strikes a Massive Blow to Bankman-Fried and FTX
Coinbase Chief Executive Brian Armstrong does not mince words. Nearly two months after rival Sam Bankman-Fried’s empire went bankrupt, he’s just delivered a massive blow to what until rec...
The Block: Bankruptcy judge terminates FTX naming rights for Miami Heat arena: Miami Herald
A federal bankruptcy judge on Wednesday terminated FTX’s naming-rights deal with Miami-Dade county for the downtown arena where the NBA’s Miami Heat play, the Miami Herald reported. ...
FTX Bankruptcy Filing Reveals SBF’s Connection With VC Firms
FTX exchange, a popular cryptocurrency exchange which was widely used by traders to buy and sell coins and tokens filed for bankruptcy on 11 November. Since then the investigation team has been on the...
FTX’s Exchange Token FTT Sees Mysterious Pump Amid Bankruptcy Case, SBF Fraud Charges – Market Updates Bitcoin News
As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 202...
3AC’s Kyle Davies claims creditors ‘frustrated’ with bankruptcy process
Three Arrows Capital’s co-founder Kyle Davies claimed that the firm’s creditors are “frustrated” with the ongoing bankruptcy process. They complained about high costs, de...
FTX Collapse: Dispute Between Billionaires Winklevoss, Silbert Escalates
FTX’s bankruptcy filing has reverberated again through the crypto space, and in a big way. Cameron Winklevoss, co-founder of the Gemini cryptocurrency exchange, has accused billionaire Barry Sil...
US lawmakers call on court to approve ‘independent examiner’ in FTX bankruptcy case
A bipartisan group of four United States senators has criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest. In a Jan. 9 letter to Judge John...
FTX’s Next Hearing Scheduled in Delaware Bankruptcy Court
Sam Bankman-Fried confronts criminal accusations from the U.S. Department of Justice. Tom Brady’s New England Patriots and Coinbase are among the significant stockholders in FTX. The next FTX bankrupt...
Core Scientific Mined Over 1,400 BTC in December Despite Bankruptcy Filing
One of the leading bitcoin mining companies – Core Scientific – mined 1,356 BTC in November and 1,435 BTC in December. It also boosted its self-mining hashrate from 15.4 EH/s to 15.7 EH/s. The positiv...
Binance.US-Voyager deal gets green light from bankruptcy court
The bankruptcy court has approved Binance.US’ acquisition of Voyager’s assets The court has also overruled the SEC’s and multiple states’ objections to the deal Bankrupt crypto lender, Voyager has rec...
Bankruptcy Filing Reveals Tom Brady, Kevin O’Leary, and Coinbase Among Major FTX Creditors
Football star Tom Brady, companies under the control of New England Patriots Robert Kraft, and crypto firms Blackrock, Coinbase, Lightspeed Venture Partners, Pantera Ventures, and Tezos Foundation are...
Party City Holds Talks on Potential Bankruptcy Loan
(Bloomberg) — Party City Holdco Inc. has sought funding for a potential Chapter 11 bankruptcy, according to people with knowledge of the preparations. Most Read from Bloomberg The company, which...
What’s ahead in wake of bankruptcy warning
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images When Bed Bath & Beyond leaders speak to investors Tuesday morning, they won’t s...
Senators voice concerns over law firm’s role in FTX bankruptcy
Four lawmakers lambasted a prominent law firm’s role in FTX’s bankruptcy proceedings and called for an independent examiner to oversee the investigation into the crypto exchange’s collapse. Sen...
BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11
In a recent announcement, the cryptocurrency lending company BlockFi stated that it will provide information regarding its assets and liabilities, in addition to the payments that it received prior to...
BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11
Crypto lending firm BlockFi has announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November. In a Jan. 9 Twitter thread...
Gemini CEO Winklevoss escalates DCG spat, demands removal of Silbert
Gemini CEO Cameron Winklevoss demanded the removal of Digital Currency Group CEO Barry Silbert in an open letter, escalating an ongoing spat over the frozen funds of the exchange’s Earn users. &...
BlockFi to file assets and liabilities following bankruptcy declaration
BlockFi has announced that it will disclose its assets, liabilities, and payments received prior to its bankruptcy filing in November 2022. Last year, FTX, Celsius Network, and Voyager Digital declare...
FTX Faces Uphill Task To Sell LedgerX, Other Businesses
Andrew Vara, the US bankruptcy trustee in FTX’s case, on Saturday filed an objection to the bankrupt company’s plans to sell four of its businesses, arguing FTX has provided “very little information” ...
Is Digital Currency Group (DCG) a Sinking Ship? What To Expect in 2023 – Another Bankruptcy?
Digital Currency Group (DCG) is a venture capital firm that invests and builds businesses in cryptocurrency, and blockchain-related companies. It is founded in 2015 by Barry Silbert and is headquarter...
Prosecutors investigate former FTX executive Nishad Singh: Bloomberg
Federal prosecutors are probing whether former FTX Director of Engineering Nishad Singh played any role in trading schemes that resulted in the illicit use of customers’ funds, Bloomberg first r...
BlockFi said CEO cashed out nearly $10 million as FTX loan stabilized clients
Bankrupt crypto lender BlockFi said its CEO cashed out close to $10 million from the platform to pay taxes last year as FTX provided about $15 million in payments to certain insider accounts as part o...
FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents – Bitcoin News
Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spen...
Bed Bath & Beyond stock pops on no news as potential bankruptcy looms
Bed Bath & Beyond hasn’t filed for bankruptcy (yet), which looks to be keeping hopes alive among the few remaining bulls on the stock. Shares of the near-death retailer shot up as much as 75...