State Delaware Financial News

14.01 / 20:51

FTX DOJ Ftx Trial DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest

The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange's investigation, citing potential conflicts of interest.

13.01 / 15:39

business Law regulation FTX FTX allowed by bankruptcy judge to sell LedgerX, other assets

The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors.

12.01 / 23:45

markets inflation Bitcoin analyst Bitcoin price rallies to $19K, but analyst says a $17.3K retest could happen next

Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of $530 million compared to bulls.

12.01 / 20:34

Binance FTX Fried Bankman-Fried Continues to Blame Binance for the Collapse of His Crypto Empire

Former FTX CEO Sam Bankman-Fried has released an extensive Substack article talking about how his crypto empire collapsed, once again putting the blame on rival crypto exchange Binance.

12.01 / 12:49

FTX Ftx Trial creditors FTX Says it Has Secured Assets Worth $5 Billion in First Ray of Light for Creditors

Bankrupt crypto exchange FTX has recovered over $5 billion in cash and liquid assets that may be used to repay creditors, a lawyer of the platform has said during a bankruptcy court hearing.

12.01 / 10:53

business regulation Court Lawyers letter Judge slams senators’ letter against FTX lawyers as ‘inappropriate’

The judge handling FTX’s bankruptcy has reportedly slammed a joint letter from four United States senators calling for an independent examiner in the case.

12.01 / 08:33

business Law Bankruptcy Uphold exchange denies owing millions to failed crypto lender Cred

Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.

12.01 / 05:23

business regulation Court Bankruptcy safe Customers FTX customers are safe from being doxxed, for now

The names of up to nine million FTX customers are set to remain confidential for at least three more months following the latest ruling in FTX bankruptcy proceedings.

12.01 / 01:51

business FTX Bankruptcy Miami-Dade gains right to remove FTX name from Heat arena

Miami-Dade County will soon start to remove FTX's advertising brand from the NBA’s Miami Heat arena, after granting the right from a United States bankruptcy judge in Delaware on Jan. 11, the Associated Press reports.

11.01 / 19:41

cryptocurrency FTX FTX bankruptcy Failed crypto exchange FTX has recovered over $5 billion, attorney says

Crypto exchange FTX has recovered more than $5 billion but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on Wednesday.

11.01 / 17:55

business Blockchain FTX FTX has recovered over $5B in cash and liquid crypto: Report

According to FTX attorney Andy Dietderich, the troubled cryptocurrency exchange has "recovered $5 billion in cash and liquid cryptocurrencies." However, the exchange is still "working to rebuild transaction history," and the total amount of customer shortfall is "still unclear." Speaking to a U.S. bankruptcy judge in Delaware on Wednesday, Dietderich also stated that the company plans to sell $4.6 billion worth of non-strategic investment.

10.01 / 22:55

regulation Congress Bankruptcy lawmakers US lawmakers US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case

A group of four United States senators have criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest.

07.01 / 11:41

BTC Dash Platform Bitcoin Top crypto Bitcoin Price Prediction - BTC Slips But Here’s Why Draper Still Sees $250,000 For Top Crypto

During the Asian session, BTC is consolidating just below the $17,000 level and the closing of candles above $16,750 is keeping Bitcoin price prediction bullish. Tim Draper, a venture capitalist, has been a consistent bitcoin bull despite the lead cryptocurrency's 60% decline in 2022.

07.01 / 00:39

business FTX Bankruptcy FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets

The FTX Debtors, made up of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), the Bahamian subsidiary of FTX, announced Jan. 6 that they have reached a cooperation agreement regarding the FTX Debtors’ Chapter 11 bankruptcy case in Delaware and the provisional liquidation of FTX DM in the Bahamas.

05.01 / 08:45

cryptocurrency Bloomberg Opinion FTX safe Will crypto ever be a safe investment?

In the annals of cryptocurrencies, 2022 will go down as the year when the industry nearly died. But then December saw the birth of a pair of exchange-traded funds in Hong Kong, offering new hope to both retail and professional investors.

03.01 / 00:57

regulation saga New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2

Although having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. The United States Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from FTX and its U.S.-based subsidiary, FTX US. According to SBF, the incident was perpetrated by either a former FTX employee or someone who had unauthorized access to a former employee’s computer.

28.12 / 22:49

FTX Customers FTX Customers File Lawsuit To Lay Claim To Assets

Sam Bankman-Fried has said he does not believe he has criminal liability. (File)

28.12 / 12:57

Digital Action class action Customers FTX customers file class action lawsuit against the failed crypto exchange and former top execs

FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company's holdings of digital assets belong to customers.

28.12 / 12:39

business regulation FTX Court Customers FTX customers file class-action lawsuit to get priority reparations

While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first. A class lawsuit initiated by four individuals demands priority access to frozen funds of the company for its customers, not investors.

16.12 / 20:45

Law regulation Caribbean Bankruptcy Cooperation FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations

A lawyer representing provisional liquidators overseeing FTX’s operations in the Bahamas has pushed back against allegations officials in the country were using the collapse of the crypto exchange to benefit its residents first.

16.12 / 01:29

Law regulation Central Bank services NOT dutch Dutch central bank says KuCoin is not licensed and 'illegally offering services'

The central bank of the Netherlands, De Nederlandsche Bank, has issued a warning to investors in KuCoin, saying the exchange was operating without legal registration.

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