State Delaware Financial News

20.11 / 12:25

cryptocurrency FTX Crypto Exchange Bitcoin creditors Collapsed FTX owes nearly $3.1 billion to top 50 creditors

Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion.

20.11 / 05:35

business Ripple Buy Bankruptcy Ripple to consider deals for FTX assets: Brad Garlinghouse

Ripple CEO Brad Garlinghouse is reportedly interested in buying certain parts of collapsed crypto exchange FTX.

19.11 / 13:05

cryptocurrency Digital Currency FTX launches strategic review, seeks court relief to pay critical vendors

Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses.

17.11 / 20:01

Digital Booking CEO New FTX CEO slams 'complete failure of corporate controls'

In a filing with the US Bankruptcy Court for the District of Delaware, Ray, who has 40 years of legal and restructuring experience, lists a series of concerns. "From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented," he writes.

17.11 / 19:11

markets FTX Bitcoin Bitcoin Price exit Bitcoin price target now $13.5K as BTC trader says 'exit all markets'

Bitcoin (BTC) ranged around $16,500 on Nov. 17 as markets digested the latest events surrounding exchange FTX.

17.11 / 17:39

Adoption Court investigation Bitcoin SBF received $1 billion in personal loans from Alameda: FTX bankrupty filing

Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange.

17.11 / 17:19

business Government education Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases

Collapsed crypto exchange FTX and 130 affiliates filed for bankruptcy in Delaware on Nov 11. Chaos followed as a number of FTX creditors, investors and industry experts began to question what would happen next.

17.11 / 15:19

FTX FTX Token class action Backed Tom Brady and Larry David Face Class Action For Endorsing FTX, Suit Alleges They Backed ‘Unregistered Securities’

FTX investors have filed a class action lawsuit against the founder and former CEO of the collapsed cryptocurrency exchange, as well as several celebrities who promoted the platform.

17.11 / 13:03

Binance regulation FTX hearing us house committee US House Committee to Hold Hearing on FTX Collapse – Regulation Incoming?

The US House Financial Services Committee plans to investigate the collapse of FTX and hold a hearing on the matter next month.

17.11 / 07:43

business Law Court Bitcoin Bahamian liquidators reject validity of FTX's US bankruptcy filing

Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in The Bahamas, has called into question the validity of a Chapter 11 bankruptcy filing by subsidiary FTX Trading and 134 other affiliates in a Delaware court on Nov. 14.

17.11 / 00:09

business FTX Bankruptcy Fried Sam Updates Sam Bankman-Fried updates investors: 'We got overconfident and careless,' claims $13B leverage

Former FTX chief executive officer Sam Bankman-Fried said he was “wrong” in his estimates of the crypto exchange’s leverage prior to its collapse, claiming it wasn’t $5 billion, but closer to $13 billion.

16.11 / 15:45

FTX FTX Token Fried Sam New Development: Sam Bankman-Fried is Attempting to Raise New Capital to Fix FTX Problem

Founder and former CEO of FTX Sam Bankman-Fried is striving to raise fresh capital in a bid to make customers whole despite bankruptcy filings.

15.11 / 19:51

regulation security FTX Caribbean Bahamas supreme court approves 'provisional liquidators' for FTX

The Supreme Court of the Bahamas — where FTX Digital Marketsis headquartered — has approved two provisional liquidators to oversee the crypto exchange’s assets.

15.11 / 16:57

business regulation Bankruptcy creditors FTX bankruptcy filing speculates over 1 million creditors

The FTX liquidation crisis turned bankruptcy saga continues as a recent filing reveals additional information on Sam Bankman-Fried’s leadership and the exchange’s final days.

14.11 / 16:03

Cardano FTX Cardano Founder Charles Hoskinson Says More Damage Coming From FTX Contagion – New Regulation Coming?

Cardano founder Charles Hoskinson has warned investors that more pain is coming from the recent collapse of cryptocurrency exchange FTX. He also noted that the incident would attract more regulatory scrutiny.

12.11 / 10:19

business cryptocurrency FTX Further details emerge on FTX bankruptcy and missing funds

Further details on the bankruptcy of crypto exchange FTX emerged on Saturday, even as peers and partners distanced themselves from the firm and sources told Reuters at least a billion dollars of customer funds on the exchange had vanished.

12.11 / 00:57

business FTX Bankruptcy 'Need to update my LinkedIn' — FTX Ventures head resigns: Report

Amy Wu, an investor in FTX and the head of the firm’s venture capital arm, FTX Ventures, has reportedly resigned her position.

28.10 / 09:03

Twitter CEO Platform Tesla Deal elon Done deal: Elon Musk now has control of Twitter and has already fired its top executives

Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s top lawyer, two people familiar with the deal said Thursday night.

26.10 / 18:35

Binance Takeover elon Binance CEO CZ Still Backing Elon Musk Takeover of Twitter

Changpeng Zhao (CZ), CEO of the world's largest crypto exchange, has said he might support Elon Musk in his planned $44 billion buyout of Twitter as the US reportedly weighs security review for the deal.

26.10 / 08:09

business Twitter stocks elon Friday after-work drinks with Twitter's new owner Elon Musk, who's in?

Crypto-friendly billionaire Elon Musk is set to finalize the acquisition of social media platform Twitter by Friday, Oct. 28 which brings to a close the protracted Musk-Twitter saga.

11.10 / 20:43

Provident Twitter Binance CEO 500 elon Binance to Invest $500 Million in Elon Musk Twitter Buyout

Changpeng 'CZ' Zhao, the outspoken CEO of major exchange Binance, has announced his company is planning to allocate more than $1 billion to acquisitions and investments in 2022. Binance’s top project in this field is providing $500 million in financing for Elon Musk’s planned takeover of the social media platform Twitter.

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