The abrupt collapse of FTX continues to reverberate through the cryptocurrency industry. While it is still very early to determine the full repercussions of Sam Bankman-Fried’s crypto empire fi...
Tag: Bankruptcy
Alameda Research withdrew $204M ahead of bankruptcy filing
Alameda Research withdrew over $200 million from FTX.US before it filed for bankruptcy, according to analysis from blockchain firm Arkham Intelligence disclosed on Nov. 25. In a Twitter thread, Arkha...
Alameda Withdrew $204 million from FTX.US Before Bankruptcy
Blockchain analytical firm Arkham Intelligence revealed that Alameda Research withdrew $204 million from FTX US before its collapse. Between November 6 and when the crypto exchange collapsed, the top ...
Binance U.S. Arm to Bid for Bankrupt Voyager Digital’s Assets After FTX Collapse
The U.S. arm of Binance, the world’s largest cryptocurrency exchange, will make a bid for bankrupt lender Voyager Digital following the collapse of FTX, which in September won an auction for the comp...
CoinList Breaks Silence, Assures Users it Is Not Near Bankruptcy
Crypto exchange CoinList said it is not near bankruptcy as it addressed the ongoing FUD. It added that it is not insolvent or illiquid and is just experiencing technical issues affecting deposits and ...
DCG CEO Reacted On Recent FTX Chapter 11 Bankruptcy
The FTX Chapter 11 bankruptcy is a barrier to upcoming digital currencies in the crypto market. In the past two weeks, crypto users have been affected due to price fluctuations in the crypto market. M...
CoinList Rejects Rumors of Insolvency and Bankruptcy
Crypto exchange CoinList rejected all rumors of insolvency or a lack of liquidity, calling it FUD. The exchange has been experiencing deposit and withdrawal issues. Crypto exchange CoinList rejected a...
Justin Sun, Tron DAO line up to contribute to Binance recovery fund: Exclusive
Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund. Binance published details of the fund yesterday afte...
Genesis meltdown: Why investors are worried about bigger problems for crypto
Investors are worried that liquidity problems for crypto financial-services firm Genesis could spill over to its parent company, Digital Currency Group, and damage the already battered crypto market e...
Here’s How Much Has Been Recovered Since FTX’s Bankruptcy Filing
As events continue to unfold in the wake of FTX’s collapse, some of the funds missing from the exchange’s accounts have been found and secured. Shortly after its sudden downfall, FTX hired digital ass...
China Was One Of The Biggest Clients Of FTX, Bankruptcy Filing Shows
China and FTX share one thing in common: crypto clients. The Chapter 11 Bankruptcy filing of the cryptocurrency exchange platform FTX continues to reveal some valuable information about the company th...
Bahamas regulator defends FTX actions as bankruptcy tensions mount
The Bahamas’ financial regulator has defended its treatment of FTX in the face of allegations it gained unauthorized access to the failed crypto exchange’s systems. The Securities Commission of...
FTX Founder Will Make First Public Appearance After Bankruptcy
Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX will be speaking at the New York Times’ annual DealBook Summit next week, as per the earlier schedule. SBF himself confirmed th...
FTX’s Bankman-Fried to Attend NYT DealBook Summit Despite Bankruptcy
33 mins ago | 2 mins read Editors News SBF will speak with DealBook founder Andrew Ross Sorkin. The crypto community recently slammed the New York Times for publishing a “puff story about SBF”. Sam B...
BitGo to take custody of FTX assets in bankruptcy procedure
Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. Acting CEO John Ray III selected BitGo to take custody of the assets of the crypto exchange...
$740 million in crypto assets recovered so far in FTX bankruptcy
NEW YORK — The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentia...
FTX asks court to let BitGo safeguard its assets during bankruptcy
FTX notified a federal judge that it wants BitGo to safeguard its remaining digital assets as bankruptcy proceedings play out. A custodial services agreement with BitGo was signed Nov. 13, appro...
Sam Bankman-Fried $40 Mn Mansion Part of Bankruptcy Proceedings?
Sam Bankman-Fried was one of the youngest billionaires on the Forbes list. FTX was among the top three crypto exchanges globally. Michael Ruiz of FoxBusiness reported that Sam Bankman Fried owns a ...
The Last 10 Days in the FTX Saga: A Timeline
More and more details of the now-insolvent crypto exchange FTX surface every day, and the spillover effects are ever more unfortunate. The timeline below tracks major events since the Bahamian p...
Sad Story Behind Bankruptcy of Alameda Research and FTX
Without a doubt, November is proving to be the darkest month on the cryptocurrency market. Drama ensued between Bitcoin (BTC) and the altcoins shortly after the CEO of Binance announced that the excha...
Genesis hires a bankruptcy avoidance specialist
Recent reports say that Genesis Global Capital has hired a restructuring counsel to look into all of the possible outcomes, including but not limited to the possibility of filing for bankruptcy. Accor...
Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’ – Bitcoin News
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 ...
Is there any real possibility of a Coinbase bankruptcy?
Alesia Haas – the Chief Financial Officer of Coinbase Global Inc (NASDAQ: COIN) once agreed to at least a “small risk of bankruptcy” on CNBC. Six months later, those concerns are coming to life after ...
SafePal wallet sees historic sign-ups amidst FTX’s bankruptcy
Following FTX’s bankruptcy, SafePal, a distributed pocket firm supported by Binance that offers equipment, and add-on wallets, had claimed record levels of new customers. From November 11, the site ha...
SafePal Sets Record User Sign-Ups Following FTX Bankruptcy Filing
The biggest collapse in crypto (FTX insolvency) this year sees the demand for non-custodial wallets spike to record highs. SafePal, a self-custodial wallet crypto management platform, sees record sig...
FTX Bankruptcy Filing Fueled Negative Sentiment Among the Investors
Prominent digital asset investment company CoinShares shared a report highlighting the negative sentiment of institutional investors towards major cryptocurrencies. It highlighted institutions are bet...
Genesis calls in restructuring expert in its fight to avoid bankruptcy
Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy. It is unde...
Kroll compiles docket filed in FTX Bankruptcy proceedings – crypto.news
FTX have shared the dockets presented on their bankruptcy proceedings earlier today on the Kroll webpage. Additionally, the fallen crypto exchange plans to crowdsource all of the due diligence and rel...
Attorneys highlight poor management at FTX’s first bankruptcy hearing
The first bankruptcy hearing for Bahamas-based FTX was held on Tuesday (22 November) in the U.S. Bankruptcy Court in Wilmington, Delaware. The exchange’s new CEO and Chief Restructuring Officer John R...
FTX Collapse: ‘Emperor’ Bankman-Fried Had No Clothes
A face of the regime of Sam Bankman-Fried, the founder of FTX, was revealed on November 22 during the firm’s first hearing in Delaware bankruptcy court. The 30-year-old former trader was virtua...
Bankruptcy filing reveals China was FTX’s largest client after island tax havens
A bankruptcy filing by the now-collapsed cryptocurrency exchange FTX revealed the platform’s global customer distribution at the peak of its operations. According to the documents, Cayman Island acco...
Bankman-Fried explains why FTX collapsed in new letter to employees
FTX founder Sam Bankman-Fried apologized to his former colleagues and explained why the crypto exchange failed in a new letter. The letter, sent Tuesday and reviewed by The Block, says that a se...