Bankruptcy Financial News

09.12 / 10:05

business FTX Bankruptcy Lost Kevin O'Leary lost the $15M he was paid to be FTX's spokesperson

Shark Tank star and investor Kevin O’Leary, known in some circles as Mr. Wonderful, has claimed he has all but lost the $15 million FTX paid him to be its official spokesperson.

08.12 / 06:39

business Stablecoin Bankruptcy Celsius Customers Bankruptcy judge orders $44M in crypto to be returned to Celsius customers

A federal judge has ordered crypto lender Celsius to return crypto worth around $44 million to the platform’s custody program customers.

07.12 / 10:47

business regulation Court Bankruptcy Terra Luna 3AC subpoenas issued as dispute grows over claims of Terraform dump

A federal judge overseeing Three Arrows Capital’s (3AC’s) bankruptcy proceedings has signed an order approving subpoenas to be delivered to 3AC’s former leadership, including co-founders Su Zhu and Kyle Davies.

06.12 / 21:33

business FTX Bankruptcy Kevin O'Leary defends SBF, says FTX should be audited

In an interview with Yahoo Finance on Dec. 6, Shark Tank’s Kevin O’Leary called for calm in the wake of FTX’s collapse. The exchange’s former CEO, Sam Bankman-Fried, should be understood as innocent unless evidence comes to light that shows he has committed fraud, O’Leary stated. Sam Bankman-Fried is also known as “SBF.”

06.12 / 15:37

regulation Court Bankruptcy Celsius Restructuring Plan Court sets new deadline for Celsius restructuring plan

Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval would give the troubled crypto lender another couple of months to file for a Chapter 11 restructuring plan.

06.12 / 15:37

defi Fraud Bankruptcy Bitcoin Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning'

In a recent interview Michael Saylor, the MicroStrategy executive chairman and major Bitcoin (BTC) bull, shared his perspective on the fall of the FTX empire.

05.12 / 09:41

business Blockchain Bankruptcy Novogratz’s Galaxy Digital to acquire Celsius' GK8 in bankruptcy garage sale

Mike Novogratz-led investment firm Galaxy Digital Holdings has won the bidding to buy GK8, an institutional digital asset self-custody platform owned by Celsius Network — pending court approvals and certain closing conditions.

02.12 / 22:53

business Law Bankruptcy hedge fund 3AC bankruptcy process faces challenges amid unknown whereabouts of founders

Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund's founders through Twitter, according to a decision from judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2.

02.12 / 22:37

regulation Social Media Bankruptcy blast Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy

The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing with its own liquidation, according to bankruptcy lawyers.

02.12 / 04:51

business FTX Bankruptcy FTX Japan drafts plan to return client funds

The Japanese subsidiary of the now-defunct FTX crypto exchange has come out with a roadmap to resume withdrawals, after confirming that its customers’ assets are not part of FTX's bankruptcy proceedings.

30.11 / 09:33

business cryptocurrency World Bankruptcy Fried Sam How Sam Bankman-Fried tried to cling to FTX

David Yaffe-Bellany

30.11 / 09:23

business Robinhood CNBC Bankruptcy Bankruptcy court told FTX and Alameda owe BlockFi $1B... but it's complicated

A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister company Alameda Research has defaulted on a $680 million loan.

30.11 / 06:37

business Hackers hacks Bankruptcy Fried Sam Withdrawals Sam Bankman-Fried reveals the circumstances behind Bahamian withdrawals

FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users.

29.11 / 14:11

business lending Bankruptcy BlockFi bankruptcy filing triggers a wide range of community reaction

As crypto lending platform BlockFi filed for bankruptcy, members of the crypto community reacted with mixed feedback as another platform fell during the current bear market.

29.11 / 08:07

business Bankruptcy FUD Silvergate denies recent FUD, confirms minimal exposure to BlockFi

Institutional crypto services provider Silvergate Capital has confirmed its minimal exposure to the embattled BlockFi crypto lending firm.

28.11 / 19:13

cryptocurrency BlockFi Bankruptcy Crypto lender BlockFi files for bankruptcy protection in US

Cryptocurrency lender BlockFi said on November 28 that it was filing for bankruptcy protection in the United States.

28.11 / 19:01

business Blockchain defi Bankruptcy BlockFi files for bankruptcy, as many expected, cites FTX collapse for its troubles

BlockFi announced on Nov. 28 that it has filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The move comes after several days of speculation on the company’s financial health after the collapse of FTX.

28.11 / 10:09

business Caribbean Bankruptcy Bitcoin FTX under 'active' civil and criminal investigation: Bahamas AG

The Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder has confirmed that the collapsed crypto exchange FTX is the focus of an "active and ongoing" investigation by authorities from the Caribbean nation.

28.11 / 10:09

business Twitter Fraud Bankruptcy Three Arrow’s Su Zhu reveals latest attempts at a comeback post-FTX

Three Arrows Capital co-founder Su Zhu looks like he may be attempting a comeback amid the fallout over FTX and Sam Bankman-Fried — seen by some as the crypto industry’s newest supervillain.

26.11 / 20:35

Blockchain Altcoin FTX Bankruptcy Alameda Research withdrew $204M ahead of bankruptcy filing - Arkham Intelligence

Alameda Research withdrew over $200 million from FTX.US before it filed for bankruptcy, according to analysis from blockchain firm Arkham Intelligence disclosed on Nov. 25.

26.11 / 00:19

business defi SEC Bankruptcy American regulators to investigate Genesis and other crypto firms

Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25.

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