Cryptocoins News / The Cointelegraph - 1 year ago
The proposed purchase price of the Mysten Labs shares was roughly 95% of the amount FTX Ventures invested as part of a $300-million funding round in September 2022. Th...
Cryptocoins News / The Cointelegraph - 1 year ago
The lawsuit claims FTX Digital Markets was an “economic nullity” within the FTX Group “created as a front to facilitate a conspiracy to defraud the Debtors’ customers.”...
Cryptocoins News / Blockchain - 1 year ago
FTX debtors have reported over $4 billion in scheduled assets among various company silos as of November 2022 in a filing with the United States Bankruptcy Court. The report revealed that Alameda Research held the majority of scheduled assets but had...
Bitcoin News / Bitcoin.com - 1 year ago
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomer...
Cryptocoins News / The Cointelegraph - 1 year ago
The presentation reported $25 million in donations — political and otherwise — from three of the FTX silos, but added “limited information” was available on crypto donations....
Cryptocoins News / The Cointelegraph - 1 year ago
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar. The depegging of USD Coin (USDC) and Dai (DA...
Bitcoin News / Bitcoin Magazine - 1 year ago
Grayscale’s CEO as well as owners Digital Currency Group and Barry Silbert allegedly violated trust agreements, according to the lawsuit.Alameda Research Ltd., the hedge fund belonging to disgraced ex-billionaire Sam Bankman-Fried, is suing Grayscale...
Bitcoin News / Bitcoin.com - 1 year ago
On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximat...
Cryptocoins News / The Cointelegraph - 1 year ago
The list of FTX insiders included former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and members of SBF’s immediate family....
Cryptocoins News / The Cointelegraph - 1 year ago
The list of FTX insiders included former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and members of SBF’s immediate family....
Bitcoin News / Bitcoin.com - 1 year ago
FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures. Confidential letters have been sent to individuals and organizations, requesting the return of the funds by Feb. 28, 2023...
Cryptocoins News / The Cointelegraph - 1 year ago
FTX and affected parties have requested court subpoenas to force Sam Bankman-Fried’s closest advisers to provide documents and information for ongoing investigations....
Bitcoin News / Bitcoin.com - 1 year ago
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests̶...
Bitcoin News / Bitcoin.com - 1 year ago
On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom prese...
Bitcoin News / Bitcoin.com - 1 year ago
This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as...
Cryptocoins News / The Cointelegraph - 1 year ago
The judge ruled there were no potential conflicts of interest sufficient to stop Sullivan & Cromwell from continuing to act as the debtors' counsel. James Bromley...
Bitcoin News / Bitcoin.com - 1 year ago
On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief re...
Bitcoin News / Bitcoinist - 1 year ago
In the latest update, Sam Bankman-Fried (SBF), former CEO of a bankrupt crypto exchange FTX, requests the court to block debtors’ access to his Robinhood shares. A report announced by US prosecutors revealed the Robinhood shares are worth $450...
Cryptocoins News / CoinJournal - 1 year ago
This cryptocurrency is currently held in a single digital wallet at Fireblocks
The Bahamas Commission instructed Sam Bankman-Fried to transfer the funds to this wallet
FTX debtors (FTX Trading Ltd. and affiliates) published information on their c...