Bitcoin News / Bitcoinist - 7 months ago
On Tuesday, the US Department of Justice announced criminal charges against the global crypto exchange KuCoin and two of its founders, Chun Gan (also known as “Michael”) and Ke Tang (also known as “Eric”). The charges, related...
Bitcoin News / Bitcoinist - 7 months ago
FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried....
Bitcoin News / Bitcoinist - 7 months ago
Bankrupt crypto exchange FTX will sell two-thirds of its stake in artificial intelligence (AI) startup Anthropic for $884 million, according to a Bloomberg report. The move comes as FTX seeks to repay its creditors and bolster its cash reserves. The...
Bitcoin News / Bitcoin.com - 7 months ago
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly...
Bitcoin News / Bitcoin.com - 8 months ago
John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer...
Bitcoin News / Bitcoin.com - 8 months ago
A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal E...
Bitcoin News / Bitcoinist - 8 months ago
Former FTX customers, left uncertain of the fate of their funds after the collapse of the now-bankrupt crypto exchange, have turned their misfortune into a potentially profitable venture. Led by individuals such as Louis d’Origny and Ramnik Ar...
Bitcoin News / Google News Bitcoin - 8 months ago
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray& & Yahoo Finance
by COINS NEWS - 8 months ago
submitted by /u/csmonigo [link] [comments]
Bitcoin News / Google News Bitcoin - 8 months ago
‘Why Were the Bitcoins Missing?’: FTX Bankruptcy Lead Slams SBF's ‘Delusional’ Defense& & Decrypt
Bitcoin News / Google News Bitcoin - 8 months ago
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray& & CoinDesk
Bitcoin News / Bitcoinist - 8 months ago
Talks about Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX, have picked up steam ahead of his sentencing on March 28. The primary discussion has been the number of years the defendant could get, with his lawyers recently a...
Bitcoin News / Google News Bitcoin - 8 months ago
The crypto market lost $400 million as Bitcoin had its worst day since the FTX collapse& & Quartz
Bitcoin News / Google News Bitcoin - 8 months ago
First Mover Americas: BTC's Drop Below $62K Is the Biggest Single-Day Loss Since FTX’s Collapse& & CoinDesk
by COINS NEWS - 8 months ago
submitted by /u/stockyewok [link] [comments]
Bitcoin News / Google News Bitcoin - 8 months ago
Bitcoin Registers Biggest Single-Day Loss Since FTX's Collapse& & CoinDesk
Bitcoin News / Bitcoinist - 8 months ago
London-based boutique distressed asset trading firm Attestor Ltd. experienced a significant bonanza as the value of crypto assets purchased from Sam Bankman-Fried’s FTX crypto exchange soared. According to a Bloomberg report, Attestor’s...
Bitcoin News / Bitcoinist - 8 months ago
A recent court filing revealed plans that the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), had drafted to ensure he avoids jail term. SBF, whose sentencing comes up on March 28, faces the possibility of spending up to 100 y...
Bitcoin News / Google News Bitcoin - 8 months ago
Top FTX claim holder Attestor sues seller amid Bitcoin rally& & Cointelegraph
Bitcoin News / Bitcoin.com - 8 months ago
submitted by /u/FitScore3115 [link] [comments]
by COINS NEWS - 8 months ago
Needs an extra zero tbh submitted by /u/EveliaAvila [link] [comments]
Bitcoin News / Bitcoinist - 8 months ago
The prosecutors in the fraud case against the former CEO of the now-defunct FTX exchange, Sam Bankman-Fried (SBF), have now suggested a jail sentence to the court. This development comes as the sentencing of the former crypto billionaire is slated fo...
by COINS NEWS - 8 months ago
I want to know what kind of measures did you took when these events occurred and what kind of noticed led you to extract your money from their exchanges. Ultimately I'm thinking on what could be the next exchanges that could go to bankruptcy and...
Bitcoin News / Bitcoinist - 8 months ago
A group of FTX investors have instituted a proposed class action against US law firm Sullivan & Cromwell for their role in the bankrupt crypto exchange’s fraud against its customers. The law firm is known to have worked for the crypto exchange du...
Bitcoin News / Bitcoinist - 8 months ago
In a significant development, crypto lender BlockFi has reached an “in principle” agreement with the estates of bankrupt FTX and its trading arm Alameda Research to settle nearly $1 billion in claims. The settlement, outlined in a recent...
