Troubled crypto lender Celsius reported exposure to the FTX exchange and sister trading firm Alameda Research that both filed for Chapter 11 bankruptcy protection on Friday. Celsius tweeted “in ...
Tag: Bankruptcy
SOL Gives Up 20% Gains, as FTX Declares Bankruptcy – Market Updates Bitcoin News
Solana was up by as much as 20% on Friday, as the token rebounded following recent declines. The token which dropped by over 50% earlier in the week, surged today, as traders seemingly bought the dip ...
Coinbase Stock (COIN) Leaps in Response to FTX Bankruptcy Filing
Top US crypto exchange Coinbase (COIN) is seeing its stock rise in the aftermath of the FTX Exchange collapse. Coinbase’s shares opened at $47.53 and fell to $46.25, but after news broke that FTX had ...
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down – Bitcoin News
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Ch...
FTX.US seems to have paused withdrawals on Ethereum hours after filing for bankruptcy
Facing bankruptcy, FTX.US seems to have stopped withdrawals on ERC-20 tokens, according to blockchain data. As of writing, the wallet address associated with FTX.US had not processed any outgoi...
What’s Next for FTX and its Customers After Bankruptcy Filing?
FTX is now putting its trust in new CEO John J. Ray III — brought in years ago to oversee the liquidation of collapsed energy company Enron following its accounting scandal — as it seeks next steps fo...
Is this the end? FTX officially commence Chapter 11 Bankruptcy protection
One of the world’s top-tier crypto exchanges FTX has fallen and is now on the brink of bankruptcy. According to a press release shared on Twitter, Alameda research FTX group with its 130 affiliated co...
Analysis of Alameda and FTX Chapter 11 Bankruptcy Filing
November 11, 2022, 11:39AM EST • 5 min read Quick Take November 11, 2022 Alameda files for Chapter 11 Bankruptcy Protection Alameda estimates there will be funds left over to distribute to the more th...
Bankman-Fried said FTX.US was ‘FINE!’ one day before bankruptcy filing
Former FTX CEO Sam Bankman-Fried insisted the U.S. arm of his crypto empire was “FINE!” after the company’s utility token collapsed — right up until FTX.US filed for bankruptcy on Friday morning. ...
FTX and Alameda File for Bankruptcy, SBF Resigns as CEO
FTX has filed for Chapter 11 Proceedings in the United States. This follows the fiasco over the past couple of days where the company failed to honor its customer’s withdrawal requests. In a press rel...
Sam Bankman-Fried’s Net Worth Goes to Zero As Crypto Catastrophe FTX Files for Bankruptcy
Embattled crypto exchange FTX is filing for bankruptcy as its founder resigns from his role as the firm’s chief executive. In a new press release, FTX says it is filing for Chapter 11 bankruptcy while...
Crypto Erases Gains, FTX Token Slips Further on Bankruptcy News
On news that the carnage in the crypto space will impact far more than one exchange, tokens slipped Friday, and FTX coin led the decline following news of the firm’s bankruptcy. FTT has tanked around...
Coinbase stock jumps following FTX bankruptcy filing
Coinbase shares soared in the wake of crypto exchange FTX’s bankruptcy filing. The stock rose as high as 7% from the open, according to TradingView, reaching $55.65. The stock has lost som...
Bankman-Fried’s really, really sorry ‘again’ following bankruptcy filing
Sam Bankman-Fried, the founder and former CEO of the FTX crypto exchange that filed for Chapter 11 bankruptcy protection today, said he was “really sorry, again, that we ended up here.” &#...
FTX, FTX US and Alameda File For Bankruptcy – Trustnodes
All FTX related entities have filed for bankruptcy according to Sam Bankman-Fried, its CEO and founder. He said: “Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US...
FTX files for bankruptcy, Sam Bankman-Fried steps down from CEO role
FTX, alongside 130 affiliated companies including FTX.US and Alameda Research, has filed for Chapter 11 bankruptcy amid the liquidity crunch. Press Release pic.twitter.com/rgxq3QSBqm — FTX (@FTX_Offic...
Ripple Top Exec Makes Surprising Offer To FTX Employees As Exchange Files For Bankruptcy ⋆ ZyCrypto
Advertisement     Ripple chief technology officer David Schwartz has indicated that FTX employees are welcome to pursue careers at the blockchain cross-border payments...
Bitcoin, ether drop as FTX’s bankruptcy filing spooks crypto markets
Crypto prices sank on the news that FTX and more than 100 corporate entities affiliated with the firm are filing for bankruptcy. Bitcoin dropped 5.2% at $16,551, while ether crashed 6.5% to $1,...
BREAKING: FTX files for bankruptcy, SBF resigns as CEO
FTX, until recently thought to be one of cryptocurrency’s top platforms, has announced it entered voluntary Chapter 11 Proceedings. The announcement on Friday morning is the latest chapter of a really...
FTX CEO Bankman-Fried Resigns, Bankruptcy Proceedings Begin
By Jon Rice / November 11, 2022, 9:23 am EST In a notice posted to the FTX official Twitter account this morning, FTX announced that Sam Bankman-Fried would be stepping down from his position as CEO o...
Twitter now faces bankruptcy – The Cryptonomist
The situation was already serious in terms of future outlook when Elon Musk last month finalized the purchase of Twitter for $44 billion through his own finances and those of a pool of investors, but ...
FTX files for Chapter 11 bankruptcy
UPDATE (9:45 a.m. ET): According to a bankruptcy filing by Alameda Research, the firm says it has more than 100,000 creditors. Alameda also said that it has between $10 billion and $50 billion i...
Desperate FTX users employ shady tactics to bypass bankruptcy process
Social media is flooded with posts from desperate FTX users asking for help to withdraw locked funds. According to Zane Tackett, the former Head of Institutional Sales at FTX, Bahamians are authorized...
Elon Musk Warns Twitter Employees of Possible Bankruptcy
The post Elon Musk Warns Twitter Employees of Possible Bankruptcy appeared first on Coinpedia Fintech News Following enormous layoffs and as Elon Musk’s ownership of Twitter reached its third we...
BlockFi suspends withdrawals after FTX collapse
Crypto lender BlockFi suspended withdrawals and will not be able to operate business as usual given the lack of clarity over the status of FTX, the company said on Twitter. “We are shocked and d...
Musk Warns Twitter Bankruptcy Possible If Cash Burn Doesn’t Stop
(Bloomberg) — Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion, said that bankruptcy was a possibility if it doesn’t start generating more c...
Voyager has no assets on FTX, says deal not done
Bankrupt crypto lender Voyager has not transferred any crypto or assets to FTX, Voyager’s Official Committee of Unsecured Creditors tweeted. Voyager’s planned deal to sell its assets...
Tron, FTX broker deal for customers to withdraw certain tokens
A deal brokered between Tron and FTX will soon facilitate withdrawals on the struggling exchange. On FTX, 1:1 withdrawals for digital assets including TRX, BTT, JST, SUN, and HT tokens will be e...
Juul strikes financing deal, plans to cut 30% of jobs to dodge bankruptcy
Packages of Juul e-cigarettes are displayed for sale in the Brazil Outlet shop on June 22, 2022 in Los Angeles, California. Mario Tama | Getty Images Juul Labs said Thursday it secured financing from ...
FTX CEO Sam Bankman-Fried Tells Investors the Troubled Exchange Needs Cash To Avoid Bankruptcy: Report
The CEO of the cash-strapped FTX crypto exchange is reportedly warning investors that the company will collapse if it fails to get additional capital. Citing a person familiar with the matter, Bloombe...
‘Beware’ Of Crypto Investing Or Risk Ending Up In Bankruptcy Court, SEC Chair Warns
Topline The head of the Securities and Exchange Commission cautioned Americans about the risks of investing in the lightly regulated cryptocurrency industry Thursday, a dire warning as one of the larg...
FTX Hurtles Toward Bankruptcy With $8 Billion Hole, US Probe
(Bloomberg) — The crisis engulfing Sam Bankman-Fried’s FTX.com is rapidly worsening, with the onetime crypto wunderkind warning of bankruptcy if his firm can’t secure funds to cover a shortfall ...