20 mins ago | 2 mins read Exchange News BlockFi sued the business over the whereabouts of over 55 million Robinhood shares. Emergent Fidelity Technologies filed for Chapter 11 in the same court as FTX...
Tag: Bankruptcy
Sam Bankman-Fried Family Subpoenas Opposed by US Government in FTX Bankruptcy Filing
FTX filed for bankruptcy protection on Nov. 11, and Bankman-Fried resigned as CEO the same day, to be replaced by restructuring expert Ray. In a Jan. 25 filing, FTX’s new management said Bankman...
Sam Bankman-Fried’s Emergent Fidelity Technologies Files for Bankruptcy
Join the most important conversation in crypto and web3! Secure your seat today Emergent Fidelity Technologies, a firm co-founded by FTX founder Sam Bankman-Fried and former executive Gary Wang, filed...
Seven-member committee to represent creditors formed in Genesis Global’s bankruptcy case
A seven-member committee to represent unsecured creditors has been established in the U.S. bankruptcy case of Genesis Global. The unsecured creditor committee will serve as a voice for creditors...
The Future of $600 Million Robinhood Shares in Jeopardy as Emergent Fidelity Files for Bankruptcy
Emergent Fidelity Technologies, a firm co-founded by FTX founder Sam Bankman-Fried and former executive Gary Wang has recently made headlines with its filing for Chapter 11 bankruptcy protection. This...
SBF’s Co-founder Ryan Gave GOP $500,000 before Bankruptcy
Once the world’s third-largest crypto exchange FTX collapsed and filed for bankruptcy on November 11, 2022. Recent investigations revealed some shocking information regarding the debacle; days before ...
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case – Bitcoin News
Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to th...
What Happens to Buybuy Baby if Bed Bath & Beyond Files for Bankruptcy?
As Bed Bath & Beyond faces a growing risk of bankruptcy, the question of what will become of its strongest asset, Buybuy Baby, has loomed large. The chain, which sells strollers, car seats, and ot...
SBF Tried to Prevent the FTX Bankruptcy Process, Said DOJ
With the new developments in the FTX case, new disclosures are surfacing. Recently the US Justice Department reportedly stated that the founder of the Bahamian crypto exchange wanted to stop the bankr...
Mark Cuban Accuses Plaintiffs Suing Him of ‘Forum Shopping and Gamesmanship’
“Shark Tank” investor Mark Cuban filed a motion arguing the Voyager class-action lawsuit in which he was accused of promoting a “Ponzi scheme” should be moved from Florida to Texas. The transfer of ve...
State officials support push for independent examiner in FTX bankruptcy
Officials from more than a dozen states want a federal bankruptcy judge to appoint a third-party examiner of FTX’s finances, citing the need for more transparency about the collapsed crypto exch...
Tether denies it borrowed $2B from Celsius, as described in court report
Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius. According to a nearly 700-page report filed Tuesday from court-appointed ex...
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
Crypto lender Celsius supported its token while insiders benefited, according to a US bankruptcy examiner
Join Our Telegram channel to stay up to date on breaking news coverage A U.S. court-ordered examiner report made public on Tuesday revealed that the bankrupt cryptocurrency lender Celsius Network infl...
Bed Bath & Beyond could file for bankruptcy this week
Bed Bath & Beyond is preparing to file for bankruptcy protection as soon as this week and is in the process of closing additional stores unless a last-minute buyer can make an offer, four people c...
FTX Bankruptcy Filing Show Higher Cash Balance of $1.43B, Reduced Employees
An interim financial update revealed that the FTX Group of companies undergoing bankruptcy proceedings held $1.43 billion in cash at the end of last year. The court filing viewed by Bloomberg showed a...
Alameda Seeks to Recover $446M in Crypto Paid to Voyager After Lender’s Bankruptcy
Voyager had 10 different loan sheets with Alameda at the time it filed for bankruptcy, the filing said. In various filings in September and October 2022, Voyager claimed it held FTT (an exchange token...
Celsius creditors contemplate next steps following examiner report
Despite a damning report from a court-appointed examiner, lawyers representing former Celsius customers told clients they are still in talks with the company around a “recovery corporation”...
The judge’s decisions on the bankruptcy of FTX
After the severe blow it suffered, FTX has now been in bankruptcy for some time due to the founder’s fraud. Needless to deny, its demise has caused huge disruptions and a serious impact on the entire ...
US Bankruptcy Examiner Hints Celsius Running Ponzi Schemes
US Bankruptcy Judge Martin Glenn, overseeing Celsius’s Chapter 11 case appointer ex-prosecutor Shoba Pillay as the examiner to probe the crypto lending platform. The examiner was expected to release a...
FTX Founder SBF Hoped On Foreign Regulators’ Leniency To Stall Bankruptcy
The founder of disgraced crypto exchange FTX Sam Bankman-Fried (SBF), has once again come under serious criticism. According to U.S. Justice Department in a Wall Street Journal report, SBF attempted t...
Celsius Was Using Customer Deposits To Fund Withdrawals, According to Bankruptcy Examiner
A closer look at the collapse of crypto lender Celsius shows that the firm was using customer deposits to pay for withdrawals, according to an independent examiner. In a new court filing with the Unit...
Core Scientific reaches deal with B. Riley for $70 million replacement loan
Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley. The company has asked the court to approve the financing as a replacement for the $75 million debtor-...
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings – Bitcoin News
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the e...
BlockFi Can Take Action To Rescue Itself From Bankruptcy
Join Our Telegram channel to stay up to date on breaking news coverage BlockFi, the cryptocurrency lender that declared bankruptcy following the FTX collapse, has been approved by the New Jersey bankr...
Bankruptcy court allows bids for BlockFi’s crypto mining equipment
Crypto lender BlockFi has received approval from the bankruptcy court to invite bids for its mining equipment. The deadline to submit bids is 20 February. The U.S. Bankruptcy Court for the District ...
How Bitcoin mining saved Africa’s oldest national park from bankruptcy
Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegrap...
FTX Urges Court to Exclude Turkish Subsidiary From Bankruptcy Proceedings
10 hours ago | 2 mins read Exchange News The filing shows that FTX Trading Ltd, the market maker, owns 80%. Local authorities in Turkey may seize any FTX Turkey assets they deem necessary. Since court...
Co-signers of Bankman-Fried’s $250 million bond a step closer to becoming public
The names of two people who co-signed for disgraced FTX founder Sam Bankman-Fried’s bond are one step closer to becoming public after a federal judge granted a motion to unseal their names. The identi...
FTX-linked Alameda Research sues Voyager Digital for over $445M
Troubled crypto trading firm Alameda Research is suing failed crypto lender Voyager Digital for more than $445 million, seeking to recover loan repayments that it made after Voyager filed for bankrupt...
Gemini Vows Legal Action Against Genesis’ Parent Company amidst Bankruptcy Filing ⋆ ZyCrypto
Advertisement     Investors are blaming Gemini for the failed joint Earn Program with Genesis. On the other hand, the SEC is accusing both firms of flaunting securitie...
Bankman-Fried sought ‘constructive relationship’ with criminal case witness
Prosecutors shared copies of Sam Bankman-Fried’s messages to FTX CEO John Ray III and an unnamed witness in new court documents on Monday, as lawyers seek to restrict the FTX founder’s communication w...