Bankruptcy Financial News

24.11 / 09:33

business Caribbean Bankruptcy Bitcoin Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator

The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12.

23.11 / 20:47

business FTX Bankruptcy Fried letter Sam Sam Bankman-Fried is 'deeply sorry' for collapse in letter to FTX team

Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse.

23.11 / 06:21

business Grayscale Digital Currency Group Bankruptcy Genesis calls in restructuring expert in its fight to avoid bankruptcy

Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy.

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 / 04:51

business Funding Bankruptcy Genesis denies 'imminent' plans to file for bankruptcy

Cryptocurrency lending company Genesis has refuted speculation that it is planning an "imminent" bankruptcy filing should it fail to cover a $1 billion shortfall caused by the fall of crypto exchange FTX.

21.11 / 20:17

business FTX Bankruptcy Withdrawals FTX Japan plans to resume withdrawals by 2023: Report

Crypto exchange FTX’s subsidiary in Japan, FTX Japan, reportedly plans to resume withdrawals by the end of 2022.

21.11 / 07:13

business Blockchain regulation Bankruptcy accounting Celsius had 'insufficient' accounting and operational controls, says examiner

The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds.

21.11 / 03:55

business FTX Bankruptcy Lawyers Getting funds out of FTX could take years or even decades: Lawyers

While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.”

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.

20.11 / 11:03

business regulation Fraud Bankruptcy Bankrupt crypto Bankrupt crypto exchange FTX begins strategic review of global assets

As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic review of their global assets. The review is an attempt to maximize recoverable value for stakeholders.

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 / 22:51

business Twitter Bankruptcy Crypto community reacts to mainstream media coverage of FTX’s implosion: criticism, misogyny and more

The crypto community on Twitter is heavily criticizing the mainstream media for its poor and biased coverage of the collapse of cryptocurrency exchange FTX.

19.11 / 01:13

business Blockchain Investments Bankruptcy Nickel Digital, Metaplex, and others continue to feel the impact of FTX collapse

Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off, “several members of the Metaplex Studios team” due to the "indirect impact" from the collapse of crypto exchange FTX. The co-founder and CEO of Metaplex Studios Stephen Hess shared in athread on Twitter that:

19.11 / 00:33

markets Bankruptcy Bitcoin FTX is done — What’s next for Bitcoin, altcoins and crypto in general?

2022 was a tough year for crypto, and November was especially hard on investors and traders alike.

18.11 / 22:27

business FTX Bankruptcy Crypto Biz: FTX fallout leaves blood in its wake

Bitcoin (BTC) is the greatest monetary revolution of the modern age. By simply buying and holding Bitcoin, citizens are staging a peaceful protest against the indentured servitude brought on by fiat economics. In the process, they’ve initiated one of the greatest wealth transfers of all time — a process that will take decades to play out fully.

18.11 / 09:55

FTX Bankruptcy Fried Sam Sam Bankman-Fried: What's Next In Crypto Exchange FTX's Bankruptcy

Customers who withdrew their assets from FTX before its collapse are not necessarily in the clear.

18.11 / 03:37

business FTX Credit Suisse Bankruptcy fall FTX will be the last giant to fall this cycle: Hedge fund co-founder

While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange's fall from grace should be the last catastrophic event — at least in this market cycle.

17.11 / 22:25

markets CME Bankruptcy Bitcoin CME Bitcoin futures trade at a discount, but is that a good or a bad thing?

The Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures have been trading below Bitcoin’s spot price on regular exchanges since Nov. 9, a situation that is technically referred to as backwardation. While it does point to a bearish market structure, there are multiple factors that can cause momentary distortions.

17.11 / 16:37

business lending FTX Bankruptcy The FTX contagion: Which companies were affected by the FTX collapse?

While the FTX collapse may have had a severe effect on the broader crypto market, some companies bore the brunt of the impact and were directly hit by the storm that the embattled crypto exchange brought.

17.11 / 05:23

business regulation interview Bankruptcy Fried Sam Sam Bankman-Fried says he regrets filing for bankruptcy: Report

The former CEO of FTX Sam Bankman-Fried has expressed deep regret over filing for Chapter 11 bankruptcy last week, calling it his “biggest single fuckup.”

17.11 / 03:31

business Twitter FTX Bankruptcy FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets

The new CEO and chief restructuring officer for the bankrupt FTX cryptocurrency exchange, John Ray, has icily responded to the erratic series of tweets from former CEO and founder Sam Bankman-Fried.

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