Cryptocoins News / Blockchain - 4 months ago
TX debtors propose a valuation for user claims based on digital asset prices at the time of the exchange's collapse, sparking objections from users due to the significant rise in cryptocurrency prices since then. (Read More)
Cryptocoins News / Blockchain - 4 months ago
FTX debtors propose a $220M litigation settlement over their Embed acquisition, involving ex-CEO Sam Bankman-Fried, with the aim of recovering the full investment. (Read More)
Cryptocoins News / Blockchain - 4 months ago
FTX's debtors plan to value cryptocurrency claims based on their value at the time of the company's November 2022 bankruptcy, potentially impacting creditors due to market recovery. (Read More)
Bitcoin News / Bitcoin.com - 5 months ago
A new lawsuit filed by entities overseeing the FTX bankruptcy process seeks to recover $935 million that was reportedly transferred to Bybit’s investment arm and others just before the former’s Chapter 11 filing in November 2022. Bybit is...
Bitcoin News / Bitcoin.com - 6 months ago
Insiders reveal that FTX creditors are sifting through bids from various entities eager to breathe life into the dormant crypto exchange. The company’s investment banker highlighted that FTX interacts with “multiple parties every day.R...
Cryptocoins News / The Cointelegraph - 7 months ago
Stout Risius Ross, the valuation advisor for Celsius Network, confirmed the accuracy of the bankrupt firm’s valuation report. Joel E. Cohen, a mathematician and biolog...
Cryptocoins News / The Cointelegraph - 7 months ago
Cryptocurrencies may become a part of the personal savings category, protected from seizures on behalf of creditors. As Brazilian lawmakers discuss a bill that would g...
Cryptocoins News / The Cointelegraph - 8 months ago
The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. Digital Currency Group (DCG), a...
Bitcoin News / Bitcoinist - 8 months ago
In a recent court filing on Sunday, bankrupt cryptocurrency exchange FTX disclosed that it had revised its motion for settlement after facing objections from the US Trustee.
Despite criticizing the US Department of Justice (DOJ) representatives for...
Cryptocoins News / Finance Magnates - 9 months ago
FTX's debtors have clashed with the Official Committee of Unsecured
Creditors (UCC) over the control of the asset of the collapsed cryptocurrency
exchange. The disagreement has been complicated by plans to relaunch the exchange's operations outside t...
Cryptocoins News / The Cointelegraph - 9 months ago
FTX strongly criticized the UCC’s pursuit of asset control, recommending that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasurys. FTX de...
Cryptocoins News / EthereumWorldNews - 10 months ago
Summary:
BlockFi received a temporary halt on its $50 million settlement payment to the U.S. Securities and Exchange Commission, per court filings from Thursday.The bankrupt crypto lender was instructed to pay its outstanding $30 million fine af...
Cryptocoins News / The Cointelegraph - 11 months ago
The FTX debtors alleged that the claim was filed "without any advance notice," and they were not invited to participate in the mediation. Just a month after bankrupt c...
Cryptocoins News / The Cointelegraph - 11 months ago
The FTX debtors alleged that the claim was filed “without any advance notice,” and they were not invited to participate in the mediation. Just a month after bankrupt c...
Cryptocoins News / The Cointelegraph - 1 year ago
Ren Protocol was acquired by Alameda Research in February 2022 to expedite the decentralization of its tech. Cross-chain bridge platform Ren Protocol has announced th...
Cryptocoins News / The Cointelegraph - 1 year ago
The debtors appointed Adam Sullivan, a managing director at investment banking firm XMS Capital Partners, to assume the role of president amid the firm’s bankruptcy proceedings....
Bitcoin News / Bitcoin.com - 1 year ago
FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors,...
Bitcoin News / Bitcoin.com - 1 year ago
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is...
Cryptocoins News / Finance Magnates - 1 year ago
<p>The bankrupt <a href="https://www.financemagnates.com/tag/ftx/" target="_blank" rel="follow">crypto exchange, FTX</a> has agreed to sell Mysten Labs Inc. preferred shares back to the Web3 startup for...