Tether, the issuer of the world’s largest stablecoin by market value, has completed reserves attestation by major global accounting firm BDO. The stablecoin firm released BDO’s assurance opinion on Fe...
Tag: liabilities
Binance’s Audit of Crypto Holdings and Liabilities Not Coming Soon
11 hours ago | 2 mins read Exchange News Binance’s Asia-Pacific president said the audit would take longer than first anticipated. CEO, Changpeng “CZ” Zhao, claims crypto audits are difficult. Followi...
Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities
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ASIC financing debt worsened Bitcoin miner’s liabilities in 2022: Report
Bitcoin miners faced difficulties paying off debt in 2022, particularly when they had high-interest equipment financing loans, according to a recent report by Hashrate Index. The report stated. “We ...
Court documents show Genesis had $5.1B in liabilities
Bankruptcy court documents filed by Genesis interim CEO Derar Islim show that the now-defunct crypto lending platform owed $5.1 billion to its creditors weeks before it paused withdrawals following th...
Bankrupt FTX Has Recouped Over $5 Billion In Liquid Assets—But Still Has Billions More To Go To Meet Liabilities
Topline FTX has recovered more than $5 billion in cash, easily sellable digital assets and other liquid holdings thus far, an attorney for the disgraced crypto exchange said in a Delaware bankruptcy c...
BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11
In a recent announcement, the cryptocurrency lending company BlockFi stated that it will provide information regarding its assets and liabilities, in addition to the payments that it received prior to...
BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11
Crypto lending firm BlockFi has announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November. In a Jan. 9 Twitter thread...
BlockFi to file assets and liabilities following bankruptcy declaration
BlockFi has announced that it will disclose its assets, liabilities, and payments received prior to its bankruptcy filing in November 2022. Last year, FTX, Celsius Network, and Voyager Digital declare...
BlockFi to Unveil Assets & Liabilities Statement This Week
Bankrupt cryptocurrency company BlockFi announced that it would publish financial information on Wednesday. The info will cover assets, liabilities, and payments made before the bankruptcy filing. Cry...
Public Bitcoin Miners Have Liabilities of Over $4B
Public bitcoin miners in the US collectively owe over $4 billion, with Core Scientific, Marathon, and Greenridge Generation being the biggest debtors, according to data from Hashrate Index. According ...
Public BTC mining companies face $4B in liabilities, Core Scientific leads the pack
Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index. Owing the most in liabilities, Core Scientific debt sat at approximately...
Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities
Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. 21 at the Southern District of Texas bankruptcy court. According to court documents, the miner has liabi...
3AC’s assets were $2bn less than liabilities in July: report
The holdings of now-defunct crypto hedge fund Three Arrows Capital (3AC) were worth roughly $1 billion as of July, while its liabilities were over $3 billion, the liquidator paper claims. The liabilit...
FTX Executives Used ‘Korea’ Account to Mask Giant Alameda Liabilities
(Bloomberg) — A GitHub account bearing the name of former FTX executive Nishad Singh authored code that hid Alameda Research’s ballooning liabilities on the now-collapsed cryptocurrency exchange...
FTX used ‘weird Korean account’ to mask Alameda liabilities, CFTC says
Former CEO of FTX Sam Bankman-Fried directed company executives to reallocate Alameda Research’s large liability with the exchange to “the weird Korean account” to mask its liability...
Alameda Secret Korea Account Exposed Masking Liabilities
According to Bloomberg, a secret account hid code detailing Alameda’s massive liabilities. The GitHub account was in the name of former FTX executive Nishad Singh, the report added. The outlet claims ...
Skepticism pervades crypto exchange liabilities reports, and Mazars
Questions are being asked about recent “not-audits” of crypto exchanges, as well as their preferred accounting firm, Mazars. Binance, the biggest crypto exchange by volume, released ...
UK Proposes Reforms Including Tax Liabilities For Crypto Assets
55 mins ago | 2 mins read Bitcoin News The Treasury will create a financial market infrastructure sandpit in the next year. The government would prioritize the revision of EU regulations for the five ...
Bitmex to allow depositors to self-verify liabilities
Bitmex launched a system that will allow all depositors to self-verify their liabilities in the crypto exchange’s total liability balance sheet. The company’s “Proof of Liabili...
BlockFi Has $10 Billion in Assets and Liabilities and 100,000 Creditors: Bankruptcy Filing ⋆ ZyCrypto
Advertisement     The digital asset lender is the latest victim of FTX contagion. BlockFi is planning to lay off two-thirds of its staff in bankruptcy restructuring. C...
BlockFi Files For Bankruptcy, Liabilities Range From $1B to $10B
– Advertisement – BlockFi has officially filed for chapter 11 bankruptcy amid the contagion precipitated by the FTX implosion. Cryptocurrency lender and prominent exchange platform Block...
Kraken’s Powell says Binance Proof-of-Reserve is pointless without liabilities
Former Kraken CEO Jesse Powell criticized Binance’s Proof of Reserve, calling it an “ignorant or intentional misrepresentation.” I’m sorry but no. This is not PoR. This is either ignorance or in...
Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO
The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sha...
Digital Currency Group Reveals $2B in Liabilities, Including Debt to Its Own Subsidiary
Key Takeaways In a shareholder letter, Digital Currency Group revealed that it has borrowed $575 million from Genesis Global Capital, its own subsidiary. Silbert also revealed the existence of a $1.1 ...
FTX’s ex-CEO Sam Bankman Fried claims Alameda had more assets than liabilities just a few days before bankruptcy filing
Ex-FTX CEO Sam Bankman Fried said in a recent tweet that Alameda had more assets than liabilities as of Nov. 7, just a few days before it filed for bankruptcy, but noted that the assets were not liqui...
Bankrupt FTX Had $9,000,000,000 in Liabilities With Only $900 Million in Liquid Assets Prior to Collapse: Report
New documents reveal that bankrupt crypto exchange FTX reportedly had liabilities 10x larger than the value of all of its liquid assets combined prior to its implosion last week. According to a recent...
Kraken, Coinbase and Gate.io publish proof of reserves with liabilities
Prominent crypto exchanges Kraken, Coinbase and Gate.io became the first exchanges to publish proof-of-reserves, including liabilities, as part of their audits. Following the collapse of the FTX, Bina...
FTX Trading’s Liabilities Dwarfed Liquid Assets, FT Says
(Bloomberg) — Sam Bankman-Fried’s FTX Trading exchange held $900 million in liquid assets against $9 billion of liabilities the day before Friday’s bankruptcy filing, the Financial Times reporte...
Against $9bn In Liabilities FTX Holds Less Than $1bn In Liquid Assets
The day before FTX.com filed for bankruptcy, Sam Bankman-primary Fried’s international crypto exchange had just $900 million in liquid assets versus $9 billion in liabilities, according to investment ...
Legal liabilities drag 3M (MMM) stock down to a 9-year low
3M (NYSE: MMM) fell as much as -1.2% on September 22 to reach a 9-year low of $113.43 a share. Market participants seem to be worried by the mountain of lawsuits filed against the company, as the firm...
U.S. Debt Is Over $30 Trillion. Who’s on the Other Side of Those Liabilities?
About the authors: Paul J. Simko is the Frank M. Sands Sr. associate professor of business administration at the University of Virginia Darden School of Business. Richard P. Smith is managing director...