[Jan 25, 2023 12:00 PM] Two claimants called out former Celsius CEO Alex Mashinsky in motions, claiming he misled users, while all suggested that the platform’s terms of use left assets in their control.
[Jan 25, 2023 9:00 AM] Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure…
[Jan 24, 2023 7:33 PM] The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake.
[Jan 24, 2023 3:30 PM] It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company.
[Jan 23, 2023 11:11 PM] A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months.
[Jan 23, 2023 11:15 AM] “A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS.
[Jan 22, 2023 11:59 PM] Bitcoin nearly broke its record for the longest streak of daily green price candles this month, but many believe its recent surge could be short-lived.
[Jan 20, 2023 2:03 PM] The embattled crypto lender has filed a slew of voluntary bankruptcy notices in order to restructure itself.Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy. According to the…
[Jan 20, 2023 1:30 PM] This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities…
[Jan 20, 2023 12:05 PM] According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along…
[Jan 19, 2023 10:45 PM] Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York.
[Jan 19, 2023 1:30 PM] Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring…
[Jan 19, 2023 11:30 AM] Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital…
[Jan 18, 2023 12:30 PM] Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the…
[Jan 18, 2023 9:00 AM] 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 executives, including the new FTX CEO and chief…
[Jan 17, 2023 3:45 PM] Debtors said they had identified $1.7 billion in cash, $3.5 billion in crypto assets and $0.3 billion in securities following FTX filing for Chapter 11 bankruptcy.
[Jan 16, 2023 12:30 PM] According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC…
[Jan 14, 2023 11:03 PM] Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO.
[Jan 14, 2023 11:30 AM] Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1…
[Jan 13, 2023 11:45 AM] According to Celsius, Touzi Capital made the best offer for the mining rigs following discussions with “several brokers and market participants”.
[Jan 12, 2023 5:00 PM] A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt…
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