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...
Tag: FTX
Bitcoin Withdrawals Are Above Deposits Since FTX Crash
On-chain data shows that Bitcoin transactions going out of exchanges have been greater than the number of them going in since the FTX collapse. Bitcoin Exchange Withdrawals Have Been Above Deposits Re...
FTX Lawyers, Advisers Submit Nearly $40 Million Invoice For January Work
FTX lawyers working on the crypto exchange’s bankruptcy case billed nearly $40 million in expenses in January, according to documents filed in court. The lawyers are part of a group of legal experts h...
FTX crash gives Avalanche the edge with this deal – Details – Cryptopolitan
The recent FTX exchange crash has created an opportunity for Avalanche to step up and make a major move in the gaming industry. TSM, the global esports and creator-focused company, and Blitz, the comp...
FTX lawyers cash in big – Here is how much they make – Cryptopolitan
The legal and consulting teams working on FTX’s bankruptcy case billed the crypto exchange a staggering $34.18 million in January, according to court documents. This comes as no surprise as the case i...
Joe Rogan and Coffeezilla expose dark side of FTX endorsements
After a difficult year for the cryptocurrency industry, filled with bankruptcies and failed crypto companies, American podcast host Joe Rogan and popular YouTuber Stephen Findeisen, a.k.a. Coffeezilla...
Acting Comptroller of the Currency Speaks About FTX, BCCI
Acting Comptroller of the Currency Michael J. Hsu speaks about the fall of BCCI and FTX. Hsu also pointed out the similarities between the fall of FTX and BCCI. Additionally, he also shared some thoug...
FTX Bankruptcy Lawyers Submit Multi-Million Dollar Bill for Work
Bankruptcy lawyers for the embattled crypto exchange FTX have submitted a hefty invoice for their work. Meanwhile, creditors are seeking their BTC back from Grayscale. The phalanx of lawyers working w...
FTX counsel and advisors rake in $34M in January
The law firms, investment banks and consulting companies working with FTX on its bankruptcy case billed the crypto exchange a combined $34.18 million in January, court documents reveal. FTX’s chief re...
FTX Sues Grayscale In a Move to Unlock $9B of Shareholder Value
In the lawsuit, FTX said that Grayscale has been charging exorbitant management fees. They noted that “Grayscale’s actions have resulted in the Trusts’ shares trading at approximately a 50% discount t...
FTX CEO billed $305,000 for February, bankruptcy lawyers cash in too
New FTX CEO John Ray III had a profitable February, with a payday of $305,000 according to new documents released to the public. Attachment 1 of document 811 filed by Kroll — the firm overseeing the F...
Operation Choke Point 2.0: Is the US Coming for Crypto?
If FTX was a butterfly flapping its wings in the Amazon rainforest, “Operation Choke Point 2.0” is the torrential rain now pouring down over the US crypto industry. Biden’s White House, the Federal Re...
XRP Worth $93 Million Owed by FTX to Customers, But There’s One Problem
As a result of the release of a revised balance sheet for FTX’s liabilities, it has been revealed that the infamous exchange owes its customers $93 million in XRP, among other things. The proble...
FTX sues Grayscale and DCG, citing mismanagement
Alameda Research Ltd, the FTX debtor, has filed a lawsuit against Grayscale Investment’s CEO and owners over firm mismanagement in part of the Trust agreement violation. The fallen crypto exchange pl...
Sam Bankman-Fried Allowed Limited Communication with Former FTX Employees
Prosecutors and former FTX founder and chief executive Sam Bankman-Fried have reached a deal regarding his future contact with past and current employees of the now defunct exchange. Sam Bankman-Fried...
FTX Statement Shows $1.6B BTC User Debt With Only $1M Available
FTX owes its customers $1.6B BTC with only $1M available. The bankrupt firm has $5.5 billion in liquid assets and over $11.5 billion in liabilities. Last week, Alameda Research sued one of its credito...
Where is the money? FTX is yet to account for $9 billion – Cryptopolitan
FTX has caused so much pain in the crypto community, and it’s only getting worse. It’s official: FTX is missing a large portion of its customer’s funds. How much is it? Try around $9 billion. The defu...
Binance is FTX Redux, Bank Run Seems Inevitable: Ex-SEC Lawyer
John Reed Stark, a former attorney for the US Securities and Exchange Commission (SEC) and staunch crypto critic, has labeled Binance a “shadow bank” that mints its own “counterfeit currency” while pr...
Alameda, FTX Demand Grayscale To Unlock $9 Billion From BTC, ETH Trusts In New Lawsuit
Grayscale, the world’s largest Bitcoin fund, is being sued by Alameda and FTX on behalf of FTX’s debtors and affiliates. According to a press release issued by the FTX Debtors on Monday, claims have a...
FTX Sues Grayscale as It Seeks $250 Million in Its Trust: Details
Godfrey Benjamin FTX wants to free up $9 billion in asset value from Grayscale BTC and ETH trusts Bankrupt digital currency trading firm FTX Derivatives Exchange, through its sister trading firm, Alam...
FTX episode illustrates need for ‘Home’ regulator: Top U.S Banking official
FTX illustrates need for a “unified home country supervisor,” according to acting comptroller Michael Hsu Hsu shared “important lessons for crypto” in his address on preserving public trust in traditi...
FTX Subsidiary Alameda Research Files Lawsuit Against Grayscale
Exchange News Grayscale has allowed its stock to trade at a discount of over half its net asset value. The lawsuit was filed in the Delaware State Court of Chancery. A debtor subsidiary of the FTX con...
FTX Sues Grayscale for $250 Million for Preventing Redemptions
Bankrupt proprietary trading firm Alameda Research has sued Grayscale for reducing the value of FTX Debtors’ shares in its Bitcoin and Ethereum Trusts. Alameda alleges that the firm reduced the value ...
FTX Sues Grayscale to Unlock $9 Billion From Bitcoin and Ethereum Trusts
Alameda Research – sister trading firm to the now bankrupt FTX exchange – is suing the world’s largest Bitcoin fund on behalf of FTX’s debtors and affiliates. The company demands that Grayscale permit...
US trustee appeals FTX bankruptcy judge’s ruling to deny appointment of independent examiner
Lawyers for Andrew Vara, the United States Trustee representing the interests of the Department of Justice in crypto exchange FTX’s bankruptcy proceedings, has filed an appeal against a federal judge’...
FTX sues Grayscale and DCG, citing ‘exorbitant’ fees
Collapsed crypto exchange FTX filed a lawsuit against Grayscale Investment, citing mismanagement of the firm as evidence that it was in violation of Trust agreements. The FTX debtors also filed ...
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...
Justice Department Pushes for Independent Investigation of FTX Collapse
The U.S. Trustee in FTX’s bankruptcy case pushed back against a recent court order by Judge John Dorsey Monday, filing an appeal against the judge’s decision not to appoint an independent examiner to ...
FTX Bankruptcy Examiner Denial Appealed by U.S. Government
The U.S. Trustee, a branch of the Department of Justice (DOJ), had previously argued that bankruptcy law requires an independent probe for any case of such magnitude, despite warnings that it could co...
Fears over Silvergate, $8B hole at FTX, Binance’s numbers sought
Top Stories This Week Silvergate stock plunges after delayed filing raises doubts over future Silvergate made headlines this week after postponing the filing of its annual 10-K financial report, raisi...
US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access – Bitcoin News
The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, S...