[Dec 22, 2022 10:18 AM] According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings.
[Dec 21, 2022 9:44 AM] Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback.
[Dec 21, 2022 9:30 AM] On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000…
[Dec 21, 2022 6:32 AM] One of the largest bitcoin mining companies in the U.S. has filed for Chapter 11 bankruptcy protection.Core Scientific has officially filed for bankruptcy.The filing followed a decline in the firm’s operating performance and liquidity.The giant…
[Dec 20, 2022 2:30 PM] The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per…
[Dec 20, 2022 3:30 AM] FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with his U.S. legal team. Furthermore, courtroom reports noted that SBF dozed…
[Dec 19, 2022 9:59 PM] The exchange warned those who received payments from FTX or its former executives that it's looking to recover funds even if they were donated to charity.
[Dec 19, 2022 8:57 AM] The American Binance entity has submitted a winning bid for the bankrupt cryptocurrency firm’s assets.According to a press release, Voyager Digital Ltd. announced that Binance.US, an American licensed entity independent of Binance international…
[Dec 16, 2022 11:00 AM] According to lawyers representing FTX's provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”.
[Dec 15, 2022 3:15 PM] Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years.
[Dec 15, 2022 2:30 PM] According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame told Bahamian authorities that Sam Bankman-Fried (SBF) sent…
[Dec 15, 2022 12:31 PM] The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people.
[Dec 15, 2022 6:30 AM] Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector…
[Dec 14, 2022 10:15 PM] Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research.
[Dec 14, 2022 5:00 PM] Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile…
[Dec 13, 2022 5:30 AM] SBF blamed the current CEO, his legal counsel, the law firm he appointed for bankruptcy, and Binance CEO CZ, without admitting any wrong on his part.
[Dec 12, 2022 4:05 PM] Countering some of SBF's claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run.
[Dec 12, 2022 2:43 PM] According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9.
[Dec 12, 2022 12:57 AM] Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell.
[Dec 11, 2022 10:30 PM] Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such…
[Dec 7, 2022 12:54 AM] The bankruptcy judge has given approvals to subpoenas aimed at Three Arrows Capital’s leadership, while a new Terra Luna conspiracy has been floated.
[Dec 6, 2022 5:31 AM] Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire.
[Dec 3, 2022 10:30 AM] According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to…
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