Troubled Asian crypto lender Vauld has funds stuck in the now-bankrupt crypto exchange FTX, two sources with direct knowledge of the matter told The Block. The exposure is worth around $10 milli...
Tag: Bankruptcy
‘And so He Won’: SBF Dishes on Changpeng Zhao, Bankruptcy and Regulators in Candid DM Exchange With Vox Reporter
Disgraced FTX founder Sam Bankman-Fried is speaking his mind following the crash of his crypto empire in a direct message conversation with a Vox reporter. During a Twitter exchange with Vox reporter ...
Senators Warren, Durbin call on Bankman-Fried for info on FTX’s historical balance sheets
Key Senate Democrats are joining the calls for more disclosure of the historical finances of bankrupt crypto exchange FTX and the cluster of firms that had ties to it and founder Sam Bankman-Fried. &...
FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing
Key Takeaways A filing from FTX’s new CEO has more thoroughly revealed the shocking state of the company’s finances. New FTX CEO John J. Ray III, who oversaw Enron’s dissolution, wro...
New FTX CEO Says Former Billionaire Bankman-Fried Led ‘Unprecedented’ Failure—’Incessant’ Tweets Undermine Bankruptcy Case
Topline Longtime bankruptcy attorney John J. Ray III, the new CEO of befallen cryptocurrency exchange FTX Trading who led disgraced energy firm Enron after its storied collapse in 2001, issued a scath...
FTX bankruptcy filings highlight ‘complete failure of corporate controls’
Fresh FTX bankruptcy filings called out Sam Bankman-Fried and the rest of the failed crypto exchange’s leadership for a “complete failure of corporate controls” and cited the former ...
BlockFi Mulls Bankruptcy Filing and Layoffs in Wake of FTX Collapse, Met With Binance
In brief BlockFi has retained an advisor to look into a possible Chapter 11 bankruptcy filing, has approached Binance for help, and is looking at likely layoffs, sources told Decrypt. The crypto lende...
Coinbase Shares Insight on Crypto Industry Following FTX Bankruptcy
The Coinbase analysis of the current market spills a very troubling outlook for Bitcoin (BTC) miners in the space. American multinational digital currency trading platform Coinbase Global Inc (NASDAQ...
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...
Temasek writes down $275 million investment in FTX
Temasek, Singapore’s sovereign wealth fund that manages about $300 billion, has written down all of its $275 million investment in FTX and FTX US. Temasek had invested $210 million for a 1...
BlockFi on the Brink of Filing Bankruptcy: Report
In July, FTX signed a deal with BlockFi to provide a revolving credit facility. NestCoin is in trouble after the FTX bankruptcy filing. FTX Exchange collapse has affected over 150 companies, inclu...
Sam Bankman-Fried, Tom Brady and Steph Curry named in lawsuit over FTX collapse
Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, has not had a good couple of weeks. The crypto maven known as SBF has seen his company go bankrupt and his net worth drop by billions of ...
3AC hunted by FTX, Alameda, founder claims. Sam Bankman-Fried disagrees.
Three Arrows Capital co-founder Kyle Davies said that “FTX, Alameda colluded to trade against clients” and “hunted” his company. “As their biggest client, we, 3AC, were hunted ...
FTX Bahamas Files for Chapter 15 Bankruptcy Protection
The Bahamas subsidiary of the troubled crypto derivative exchange FTX has filed for chapter 15 bankruptcy protection in the Southern Court of New York, Bloomberg reported on Wednesday. FTX Bahamas Fil...
BlockFi prepares for a bankruptcy filing
BlockFi, in the midst of FTX’s liquidity contagion, as a result of previous transactions between the two platforms is now in danger of declaring bankruptcy itself. FTX initiates bankruptcy proceedings...
Genesis Global Capital suspends redemptions, with impact spreading to Gemini
Genesis Global Capital, the lending business of Genesis Trading, temporarily suspended redemptions and new loan originations in the wake of FTX’s recent collapse and the earlier Three Arrows Cap...
Over 1 Million Creditors Could Have Claims in FTX Bankruptcy
More than a million creditors could have claims against bankrupt exchange FTX, new court filings reveal. In a document submitted to bankruptcy court in Delaware, FTX’s lawyers argued for a modificatio...
BlockFi to File for Bankruptcy Protection Amid FTX Collapse
Troubled crypto lending platform BlockFi is in the works to file for Chapter 11 bankruptcy protection due to its financial issues, the Wall Street Journal revealed on Tuesday. BlockFi Struggles Amid F...
BlockFi Heading For Bankruptcy After FTX Exposure
Crypto lender BlockFi is preparing for a potential bankruptcy filing in the wake of the collapse of the FTX crypto exchange last week. Latest FTX Casualty – BlockFi The FTX saga continues with ...
FBI Mulling SBF Extradition As Bahamas Arm Of Exchange Files For Bankruptcy
– Advertisement – The FBI is in talks with Bahamian authorities to extradite the 30-year-old crypto founder. According to a report by Daily Mail, the Federal Bureau of Investigation is pla...
BlockFi Reportedly Planning to File Bankruptcy Post FTX Fall
3 hours ago | 2 mins read Defi News The cryptocurrency lender has revealed that it has substantial exposure to FTX. FTX bought BlockFi in July, when the crypto lending platform was struggling. The FTX...
FTX’s Bahamas Entity Files for Chapter 15 Bankruptcy Protection in the US: Report
FTX’s Bahamas unit – FTX Digital Markets Ltd – has filed for Chapter 15 bankruptcy seeking protection from creditors in the United States. Chapter 15 bankruptcy essentially enables a foreign debtor to...
FTX’s Bahamas unit files for Chapter 15 bankruptcy protection
FTX Digital Markets, the Bahamas-based subsidiary of collapsed crypto exchange FTX, filed for Chapter 15 bankruptcy protection on Tuesday in the Southern District Court of New York. The filing c...
FTX bankruptcy freezes millions worth of crypto company funds
The collapse of the cryptocurrency exchange FTX continues to have knock-on effects throughout the crypto industry, with multiple crypto-focused companies reporting significant amounts of their capital...
Crypto Lender BlockFi Prepares To Go Belly Up Amid FTX Bankruptcy
BlockFi, a cryptocurrency platform offering multiple financial products like low-interest loans and a crypto rewards credit card, could become the latest casualty following the FTX collapse that conti...
BlockFi Preps For Potential Bankruptcy After FTX Collapse
BlockFi yesterday acknowledged considerable exposure in the form of not just assets on the exchange but also additional obligations owed by FTX, especially an undrawn line of credit from FTX, despite ...
BlockFi Facing Bankruptcy: Report
Alex Dovbnya BlockFi is on the verge of collapsing into bankruptcy, according to a recent report by the Wall Street Journal According to a Tuesday report published by the Wall Street Journal, cryptocu...
BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits
In an official update sent to clients on Nov 14, BlockFi admitted to having “significant exposure” to FTX and its affiliated companies, but insisted it had “the necessary liquidity to explore all opti...