2 / 2 Relevant items tagged with #Customers
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Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX
[Jan 21, 2023 2:30 PM] 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 FTX US compliance officer. During a Zoom…
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis
[Jan 18, 2023 2:30 PM] According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission…
FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate
[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…
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
[Jan 13, 2023 11:30 AM] After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that…
FTX customers are safe from being doxxed, for now
[Jan 11, 2023 8:05 PM] The decision comes after a Jan. 8 filing by FTX’s lawyers, who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors.
FTX Customers File Class Action to Claim Assets Within Bankruptcy Case
[Dec 28, 2022 11:30 AM] A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their…
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
[Dec 12, 2022 5:30 AM] Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and…