State Delaware Financial News

15.12 / 22:01

Law regulation Bankruptcy committee US Trustee names Wintermute on creditor committee in FTX bankruptcy case

A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings.

14.12 / 18:57

Financial AIG to close infamous financial crisis unit for good

American International Group’s infamous financial products unit — the one that nearly took down the global economy in 2008 with wrong-way bets on mortgages — is on its way to an official demise.

14.12 / 13:59

FTX Department Fried Sam bail Sam Bankman-Fried Has Bail Denied, Remains in Custody of Bahamian Department of Corrections

Sam Bankman-Fried, the disgraced founder and former CEO of cryptocurrency exchange FTX, has been denied bail by a judge in the Bahamas.

12.12 / 13:01

scam FTX Fried Sam Sam Bankman-Fried Wants to Start a New Business to Pay Back Victims of FTX Collapse – This is What You Need to Know

Sam Bankman-Fried, founder and former CEO of the now-bankrupt crypto exchange FTX, has said that he hopes to start a new business and earn enough money to pay back victims of the collapse.

10.12 / 08:17

business Blockchain Amazon Google International Customers Bahamian attorneys pursue access to FTX data of international customers

Authorities across the globe are fighting against time to bring justice to the millions of people impacted by the financial frauds committed by FTX CEO Sam Bankman-Fried. As part of the ongoing investigations, attorneys representing the Securities Commission of the Bahamas seek access to FTX’s database with international customer information.

09.12 / 14:35

scam FTX Revealed: Shark Tank Superstar Kevin O’Leary Was Paid This Much by FTX to Promote Platform

Investor and Shark Tank star Kevin O'Leary has revealed that he has lost almost all of the $15 million the now-bankrupt cryptocurrency exchange FTX paid him to be its official spokesperson.

07.12 / 05:31

Law regulation Grayscale Bitcoin Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust

Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust.

07.12 / 01:13

Law regulation crimes FTX Fried Sam Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report

Former FTX chief executive officer Sam Bankman-Fried has reportedly hired Mark Cohen, a former federal prosecutor, to act as his defense attorney.

05.12 / 13:37

regulation Ponzi Crypto Companies $15 Billion Palantir Firm Co-Founder Says ‘Most’ Crypto Companies Will Crash – Here’s Why

Palantir co-founder Joe Lonsdale has warned that the crypto meltdown could worsen in the future, saying that "most" crypto companies will go to zero.

29.11 / 05:35

business Blockchain Court FTX resumes employee and contractor payments after weeks in limbo

Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world.

28.11 / 23:55

regulation FTX Congress hearing us house committee US House committee sets Dec. 13 date for FTX hearing

The United States House Financial Services Committee has announced it will be holding a hearing to investigate the events around the collapse of crypto exchange FTX.

28.11 / 16:01

coinbase Coinbase Pro Black Swan Author Nassim Taleb Calls Coinbase Crypto Exchange ‘Worthless’ – Here’s Why

Nassim Taleb, author of the best-selling book The Black Swan, believes Coinbase, the biggest cryptocurrency exchange in the US, is "worthless."

27.11 / 14:13

Adoption Binance FTX Binance Founder CZ Says Crypto Adoption Will Happen ‘Regardless’ of Government Decision on Regulation

Binance CEO Changpeng Zhao has said countries better regulate crypto rather than fight it, claiming that crypto adoption will happen no matter what.

26.11 / 08:45

Fallout Smartkarma Research: FTX Fallout - A Quick Update

On Friday, November 11, 2022, FTX, the second largest cyrpto exchange, filed for bankruptcy in the Delaware Court, along with 134 bankrupt affiliates, as private companies, without filing the first day documents, including the first day declaration. FTX.US was included in the filing, which was a shock to the market.

24.11 / 13:45

UPS Ripple CEO Ripple considers FTX trades Garlinghouse

It has been claimed that the CEO of Ripple, Brad Garlinghouse, is considering purchasing key aspects of the defunct cryptocurrency exchange FTX. Garlinghouse told The Sunday Times that former FTX CEO Sam Bankman-Fried called him two days before the company filed for bankruptcy as he sought to round up investors to rescue the business. The conference was held on November 16 and 17, and it took place on the sidelines of Ripple's Swell conference in London, which took place on November 16 and 17.

24.11 / 12:27

FTX hires former regulators to investigate what led to the crypto giant’s bankruptcy

Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to help untangle the mess: former senior US regulators.

22.11 / 21:31

Law regulation Cybersecurity Bankruptcy 'Substantial amount' of FTX's assets stolen or missing — bankruptcy counsel

James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks.

22.11 / 11:31

UPS FTX debuts biggest crypto bankruptcy in court – what to expect

FTX is expected to make its debut appearance on 22 November in Delaware bankruptcy court, where its new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets.

21.11 / 23:11

Provident Twitter CEO FTX FTX-Owned Crypto Exchange Liquid Suspends Trading for Bankruptcy Proceedings – Here's What Happened

Liquid Global, a Japan-based crypto exchange owned by now-bankrupt exchange FTX, has halted all trading after being “instructed” to do so by the law firm handling the bankruptcy.

21.11 / 12:49

business Bitcoin FTX-owned Liquid exchange pauses all trading after withdrawal halt

Liquid has suspended all trading operations on its platform in line with instructions from FTX Trading, the firm announced on Twitter on Nov. 20. The statement indicates that Liquid exchange paused “all forms of trading” because of the operation of the Chapter 11 process in the Delaware courts.

21.11 / 01:49

business Blockchain FTX Bankruptcy creditors FTX owes over $3 billion to its 50 biggest creditors: Bankruptcy filing

According to a court filing on Nov. 20, FTX Trading LTD owes its top 50 creditors over $3 billion USD. The document, which was submitted through the United States bankruptcy court for the district of Delaware, was filed as part of the company’s Chapter 11 bankruptcy proceedings.

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