USDC losing its peg pulled down the markets, but many saw it as an opportunity to pay loans at a discount Debtors saved around $100 million off their loans during the market rout As the crypto-market ...
Tag: debtors
Debtors saved over $100M using de-pegged stablecoins to repay loans
The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors to save a total of more than $100 million off their...
FTX Debtors Launch Lawsuit Against Grayscale, Says Crypto Titan Charged $1,300,000,000 in Exorbitant Fees
Debtors of the bankrupt digital asset exchange FTX have filed a lawsuit against crypto giant Grayscale in Delaware. Alameda Research, a “debtor affiliate” and the disgraced sister company of FTX, sued...
FTX Debtors file lawsuit against Grayscale and Digital Currency Group
The FTX saga continues to hit the crypto headlines. In its latest, the FTX Debtors have announced a lawsuit against Grayscale Investments, a popular crypto asset management firm. The lawsuit also exte...
Babel Finance Proposes Launching New Stablecoin To Repay Debtors
9 seconds ago | 2 mins read Defi News Babel co-founder Yang Zhou is now the company’s sole director. A completely reserved stablecoin dubbed HOPE is proposed as part of restructuring plan. According t...
FTX Debtors Send Confidential Letter – Requests Refund From Donation Recipients
HodlX Guest Post Submit Your Post The FTX debtors announced on February 5, 2023, that donation recipients – including political action funds, political figures and other recipients – should return ...
FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs – Bitcoin News
FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures. Confidential letters have been sent to individuals and organizations, r...
Give it Back! FTX Debtors Demand Return of $93 Million Donations From US Politicians ⋆ ZyCrypto
Advertisement     As part of attempts to recover settlement funds for many aggrieved creditors, FTX is reaching out to US politicians who may have financially benefitt...
FTX debtors want political donations returned by end of the month
Troubled crypto exchange FTX is asking political figures and groups to return donations linked to former CEO Sam Bankman-Fried and other FTX executives by the end of February. FTX is sending con...
FTX debtors want to subpoena SBF allies
FTX’s debtors and impacted parties are requesting the court to subpoena Sam Bankman-Fried’s inner circle to turn over records and information for ongoing investigations. Debtors hope court subpoenas S...
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...
FTX debtors, Bahamian liquidators object to U.S. Trustee’s examiner request
Allowing an examiner to investigate the FTX bankruptcy would “come at an enormous cost” and “provide no benefit” to creditors, lawyers for the troubled crypto exchange said in a court filing. T...
Judge Approves Sullivan & Cromwell to Be Debtors’ Counsel in FTX case
Sullivan and Cromwell’s bid to be debtor’s council approved by a bankruptcy judge. The judge stated that he doesn’t see any concern about the conflicts of interest. The US trustee waived all her objec...
Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX – Bitcoin News
On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FT...
debtors face ‘assault by Twitter’ stemming from Sam Bankman-Fried
James Bromley, one of the lawyers representing debtors in FTX’s bankruptcy case, has criticized social media activity against his law firm promulgated by posts from former CEO Sam Bankman-Fried. In a ...
Law firm Sullivan & Cromwell can represent FTX debtors, judge rules
White shoe law firm Sullivan & Cromwell can represent FTX debtors in the trouble exchange’s bankruptcy case, a Delaware bankruptcy court judge ruled. “There’s no evidence of any actual confl...
Sam Bankman-Fried Maintains FTX US is Solvent, Despite Debtors’ Claims
FTX’s former CEO, Sam Bankman-Fried, has reiterated claims that FTX US is solvent following FTX debtors’ latest statements to the contrary. According to Bankman-Fried, the group failed to account for...
FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate – Bitcoin News
On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level execut...
FTX bankruptcy debtors ditch the courtroom drama — for now
Lawyers for crumbling crypto exchange FTX and liquidators in the Bahamas have smoothed things over after a contentious courtroom brawl over who has jurisdiction in the failed company’s bankruptcy. &#...
FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’
Beleaguered crypto exchange FTX identified $5.5 billion in liquid assets in what CEO John Ray called a “Herculean effort” to assess the firm’s financial situation. FTX debtors have identified $1...
The Cooperation Agreement Announced by FTX Debtors and Bahamas Liquidators
According to a January 6th, 2023, press release, FTX Trading Ltd., and its affiliated debtors, and FTX Digital Markets Ltd., acting by the Joint Provisional Liquidators, announced their “agreement on ...
Leave Robinhood Shares Alone: SBF to FTX Debtors
SBF and Gary Wang bought a 56.2 million share stake in Robinhood. Sam would be using this to fund the legal battle. Alameda, BlockFi and FTX debtors are trying to access the fund. FTX was once the t...
Sam Bankman-Fried Spars With FTX Debtors Over Seized Robinhood Shares Valued at Over $460,000,000
Disgraced FTX founder Sam Bankman-Fried is fighting with FTX debtors over hundreds of millions of dollars worth of seized Robinhood shares. Court documents reveal that Bankman-Fried’s legal team says ...
FTX and debtors reach liquidation agreement
On Jan. 6, FTX, the bankrupt cryptocurrency exchange, and its affiliated debtors revealed details of their cooperation deal to streamline the liquidation of the exchange’s subsidiary in the Bahamas. F...
FTX debtors and Bahamas liquidators settle on asset recovery strategy
The two halves of FTX — its debtors in the U.S. and its liquidators in the Bahamas — have agreed on an asset recovery plan according to a Jan. 6 press release. John J. Ray III, FTX’s CEO and Chief R...
SBF Files to Protect His Robinhood Shares from FTX Debtors
The lawyers of disgraced FTX co-founder Sam Bankman-Fried have filed an objection to protect their client’s Robinhood shares from FTX bankruptcy estate. Sam Bankman-Fried’s lawyers argued his Robinhoo...
Sam Bankman-Fried Might Lose Robinhood Assets To FTX Debtors
In the latest update, Sam Bankman-Fried (SBF), former CEO of a bankrupt crypto exchange FTX, requests the court to block debtors’ access to his Robinhood shares. A report announced by US prosecutors r...
SBF Seeks To Block FTX Debtors From Taking Robinhood Shares
Founder of defunct crypto exchange FTX, Sam Bankman-Fried has filed a motion seeking to block FTX debtors from taking control of his 56 million Robinhood shares. Earlier, US prosecutors announced to s...
FTX debtors, Bahamas liquidators agree to cooperate
The legal teams helming troubled crypto exchange FTX’s bankruptcy cases in the United States and the Bahamas reached a mutual cooperation agreement, appearing to end, for now, the disagreements betwee...
Alameda objects to debtors’ Plan in bankruptcy case
Alameda Research — alongside affiliates Maclaurin Investments and Alameda Ventures — submitted an objection to the debtors’ Motion for Entry of an Order. The objection includes approval of a dis...
Bankman-Fried tells FTX debtors to leave his Robinhood shares alone
FTX co-founder Sam Bankman-Fried has filed a court action seeking to block debtors from taking control of his roughly $450 million stake in brokerage Robinhood. Lawyers for the disgraced exchang...