A wallet known to be associated with Ethereum founder Vitalik Buterin sold 3,000 ether early Saturday, less than 24 hours after crypto exchange FTX filed for bankruptcy protection, according to Ethers...
Tag: Bankruptcy
FTX’s Freefall Into Bankruptcy Shows Why Case File Is Empty
(Bloomberg) — The collapse of Sam Bankman-Fried’s crypto empire has been chaotic, fast and full of unknowns. The world should soon get some answers via a Delaware federal court. Most Read from B...
CrossTower revises new offer for Voyager’s assets after FTX’s bankruptcy
Crypto exchange CrossTower is working on a revised offer for the assets of bankrupt crypto lender Voyager Digital, a spokesperson told Cointelegraph. Voyager announced the reopening of its bidding pro...
FTX saga unravels more after the crypto exchange’s bankruptcy filing
The bankruptcy filing of crypto exchange FTX on Friday did not stop the chaos surrounding the once prominent and trusted crypto trading venue. Since the filing that included 135 affiliated companies, ...
Was This Capitulation or More Pain Ahead for BTC Following the FTX Bankruptcy? (Bitcoin Price Analysis)
Market participants are going through a period of fear and uncertainty as the FTX exchange has recently announced bankruptcy after facing a massive liquidity crunch. As a result, Bitcoin plunged and m...
Marathon Digital CEO Fred Thiel Says FTX Bankruptcy ‘Has Increased The Fear Factor’
The CEO of Bitcoin (CRYPTO: BTC) mining company Marathon Digital Holdings Inc (NASDAQ: MARA), the world’s second-largest holder of Bitcoin among publicly-listed companies, is speaking out about ...
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...
Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing – Featured Bitcoin News
The founder and CEO of an Africa-focused payments firm, Elizabeth Rossiello, claimed on Nov. 11 that the beleaguered crypto exchange FTX had incorrectly included AZ Finance in its chapter 11 bankruptc...
Bahamas regulator contradicts FTX claim that it was required to process local withdrawals
The Securities Commission of the Bahamas (SCB) did not require failed crypto exchange FTX to allow withdrawals for users in the country, according to a statement shared on the financial regulator̵...
How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain
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FTX bankruptcy: Can account holders expect to get their money back?
FTX, the unraveling cryptocurrency exchange, has plummeted from its high-profile perch straight into bankruptcy court. On Friday morning, FTX and related entities including Alameda Research, its affil...
Analysis of FTX’s Balance Sheet
November 12, 2022, 7:30PM EST • 2 min read Quick Take Financial Times publishes leaked FTX balance sheet dated to Thursday, November 10, 2022 ~$900mm liquid assets to ~$8,860mm liabilities, a ~9.85x ...
Elon Musk Tells Twitter Staff Economic Picture Ahead Is Dire — ‘Bankruptcy Isn’t Out of the Question’ – Coinotizia
Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed t...
FTX Files for Bankruptcy, Bitcoin Extends Losses
Alex Dovbnya Sam Bankman-Fried has stepped down as FTX Group’s CEO The embattled FTX cryptocurrency exchange has filed for bankruptcy, according to a statement posted on its Twitter profile. Th...
Elon Musk Tells Twitter Staff Economic Picture Ahead Is Dire — ‘Bankruptcy Isn’t Out of the Question’ – Featured Bitcoin News
Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed t...
FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban
Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking ...
Binance’s CEO Warns Crypto Crisis Is Not Over
Changpeng Zhao is warning investors that FTX’s rapid crash is not the last one for the digital currency market. Known as CZ because of his vast influence in the crypto sphere, the billionaire is...
Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco
The fall of major crypto ecosystems — such as FTX and Terra (LUNA) — this year highlighted the importance of transparency around the true reserves held by crypto exchanges and businesses. Amid the ong...
bankruptcy proceedings, insider threat or a hack?
The recent tensions between the two major crypto exchanges FTX and Binance, which was accompanied by a massive selloff of FTX Token (FTT), resulted in the collapse of roughly 130 companies linked to F...
Popular Celebrities Who Get Impacted By FTX Bankruptcy
FTX Latest Updates: The sudden collapse of crypto exchange FTX is likely to affect many celebrities and popular sportspersons. In the mainstream finance world, the likes of Anthony Scaramucci and Mike...
NYDIG Executives Noted Bitcoin’s Importance and FTX Bankruptcy Filing
Prominent bitcoin (BTC) company, NDYIG released an article written by co-founder and executive chairman Ross Stevens and research head Greg Cipolaro. The article titled “Through the Looking Glass: The...
FTX had only $900 million in liquid assets backing $9 billion in debt: FT
FTX had only $900 million in liquid assets against $8.9 billion in liabilities on the eve of bankruptcy, the Financial Times reports. Citing investment materials, the report noted that the large...
Desperate FTX customers may have exploited NFT-linked loophole to recover funds before bankruptcy filing
FTX’s bankruptcy means some customers will have to wait months, or even years, to regain their deposits, assuming they can at all. A daring few apparently didn’t want to take that chance. According to...
Crypto Lender Celsius Files to Extend Submission Time; FTX Files For Bankruptcy
Recently beleaguered crypto lending firm Celsius Network announced filing of a motion. The motion noted to extend its reorganization plan’s exclusivity period. This would allow the crypto firm to have...
For Coinbase, FTX’s Bankruptcy Has Its Pluses and Minuses
Trading volume on Coinbase plunged roughly 75% in the hours following FTX’s bankruptcy announcement early Friday, according to data from Nomics, a sign the company is beginning to feel the pain from c...
FTX Exchange Files for Chapter 11 Bankruptcy in the United States
FTX Group of companies has officially filed for Chapter 11 Bankruptcy in the United States, marking one of the darkest weeks in the history of the digital currency ecosystem. According to the update s...
FTX Post Bankruptcy Effects On BlockFi?
FTX filed bankruptcy under for Chapter 11 Bankruptcy rules. Crypto lender BlockFi is said to have connection with the Bahamian crypto exchange Recently FTX filed for bankruptcy under Chapter 11 of th...
Bitcoin slips under $17K, crypto stocks tumble in reaction to FTX bankruptcy
Bitcoin (BTC), Ether (ETH) and cryptocurrency-linked stocks like MicroStrategy are seeing a sharp downturn after news broke that FTX announced filing for Chapter 11 bankruptcy and Sam Bankman-Fried st...
Bitfinex publishes details of reserves after rival FTX files for bankruptcy protection
Bitfinex published details of its reserves on Friday, joining a stream of centralized crypto exchanges increasing their transparency following FTX’s high-profile implosion. The exchange&#...