SBF assets still being seized over gross mismanagement

The FTX collapse made the entire crypto industry tumble in November after filing for bankruptcy, and it cost Sam Bankman-Fried almost everything he had.

203 +

Alameda Research Withdrew $204 million from FTX.US Before Bankruptcy Filing

Arkham Intelligence revealed that Alameda Research withdrew over $200 million from FTX.US before filing for bankruptcy. The post Alameda Research Withdrew $204 million from FTX.US Before Bankruptcy Filing appeared first on BeInCrypto.

284 +

FTX gets approval to pay critical vendors, can redact creditors’ and customers’ list

The Bankruptcy Court for the District of Delaware has granted FTX approval for all its first-day motions, including paying critical vendors up to $8.5 million, a November 23 court filing shows. The post FTX gets approval to pay critical vendors, can redact creditors’ and customers’ list appeared first on CryptoSlate.

368 +

Core Scientific reveals $434 million loss in Q3

Core Scientific (NASDAQ: CORZ), a publicly traded crypto miner that’s facing increased possibility of bankruptcy, has revealed a $434 million loss for the period ending September 30, 2022. The Bitcoin miner shows in a filing with the US Securities and Exchange Commission (SEC) that its third quarter losses stood at $434,792,000 at the end of […] The post Core Scientific reveals $434 million loss in Q3 appeared first on Invezz.

230 +

Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund

Changpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues but was not for “liars or frauds.”

142 +

FTX Comes Clean And Admits That It Owes Over $3 Billion To Its 50 Biggest Creditors

172 +

Celsius: Can this latest motion offer CEL investors some much-need respite

The U.S Bankruptcy Court of the Southern District of New York approved Celsius’ Network’s latest motion. This motion stood with regards to setting a deadline for the filing of proofs of claim by tThe post Celsius: Can this latest motion offer CEL investors some much-need respite appeared first on AMBCrypto.

236 +

Collapsed Celsius Sets January 3 as Deadline for Filing Claims Following Court Ruling

The US bankruptcy court of the Southern District of New York has approved a request by insolvent crypto lender Celsius to move the Proof of Claims submission deadline to January 3, 2023. The directive targets individuals with claims against Celsius Network LLC and its seven affiliates- listed as debtors in the ongoing Chapter 11 bankruptcy. […]

166 +

Major Reveals From The FTX Bankruptcy Filing, What’s The Takeaway?

With the FTX crypto exchange’s collapse, many events erupted in the crypto space. As a result, more of FTX’s investors and partners record massive losses with no potential recovery system.

168 +

Liquid Global halts crypto trading after FTX’s bankruptcy filing

According to Liquid Global’s report on November 20, 2022, the firm got instructions from S&C to halt all their operations after FTX filed for Chapter 11 bankruptcy a week earlier.

152 +

FTX-owned Liquid exchange pauses all trading after withdrawal halt

Liquid’s operational halt comes five days after the exchange suspended all withdrawals due to FTX’s bankruptcy filing.

86 +

FTX bankruptcy filing details, Binance’s crypto industry fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19

468 +

This week in crypto: The FTX saga continues to unfold

Companies affected by FTX’s recent collapse are starting to come out, with bankruptcy filing currently underway. Numerous companies affected by FTX’s collapse FTX filed for chapter 11 bankruptcy last week, a move that saw one of the biggest crypto exchanges in the world, crumble.

78 +

First Mover Asia: Bitcoin Won't Budge. Cryptos Ignore the FTX Chaos for Another Day

Sam Reynolds writes that venture capitalists’ failure to scrutinize crypto exchange FTS parallels oversights that led to energy giant Enron’s notorious bankruptcy two decades ago. New FTX CEO should know because he helped oversee Enron’s filing.

181 +

Alameda Research reportedly loaned $3.3 billion to SBF

A continuous controversy has gone darker with time. More information has been revealed through FTX’s bankruptcy filing that Alameda Research loaned $3. 3 billion to Sam Bankman-Fried, the FTX founder.

169 +

New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster

FTX’s fall from grace this week culminated in the company filing for Chapter 11 bankruptcy on November 11. The post New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster appeared first on CryptoSlate.

194 +

SBF Transfers Assets to Bahamas Following Bankruptcy, as Filing Shows Ill-Governed Firm

Former FTX CEO Sam Bankman-Fried (SBF) is still listed as a speaker at the NYT's 2022 DealBook Summit , despite having no role in FTX. The post SBF Transfers Assets to Bahamas Following Bankruptcy, as Filing Shows Ill-Governed Firm appeared first on BeInCrypto.

159 +

FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing

Lies, embezzlement, incompetence, and several instances of fraud are some of the subjects discussed in the new filing. A Complete Failure of Corporate Controls Things are going from bad to...

164 +

FTX Affiliate Alameda Research Loaned $4.1B to Related Parties – Including $1B to Sam Bankman-Fried

A bankruptcy filing shows Alameda Research lent $1 billion to Sam Bankman-Fried, former CEO of FTX

135 +

FTX bankruptcy court filing reveals Alameda gave $1.6B in loans to SBF, others

A November 17 court filing from new FTX CEO officer John Ray III revealed that the former CEO of the bankrupt crypto exchange Sam Bankman-Fried got $1 billion in personal loans from Alameda Research.

151 +

FTX Exchange Release Day One Bankruptcy Filing: “Complete Failure”

The newly appointed CEO of FTX provides initial bankruptcy filing calling previous management a “complete failure” and details misuse of corporate funds.

73 +

FTX New CEO John Ray Reveals More SBF Scandals In Court Filing

The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U. S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried and his companies.

180 +

Bahamas May Have Directed 'Unauthorized' FTX Transactions, Filing Says

The company says it has 'credible evidence' the Bahamas government directed unauthorized access to FTX systems after the company filed for bankruptcy in the U.S.

132 +

Bahamas Government May Have Directed 'Unauthorized' FTX Transactions, New Bankruptcy Filing Says

The company says it has 'credible evidence' the Bahamas government directed unauthorized access to FTX systems after the company filed for bankruptcy in the U.S.

178 +

SBF received $1B in personal loans from Alameda: FTX bankruptcy filing

A fresh bankruptcy filing from FTX chief restructuring officer John Ray III highlights that Sam Bankman-Fried received $1 billion in loans from FTX-related silo companies.

60 +

BlockFi sparks potential bankruptcy rumors after FTX’s woes

Crypto company, BlockFi, is allegedly preparing for potential bankruptcy filing following FTX’s sudden collapse. Skeptics have discovered that FTX had previously bailed out BlockFi but borrowed money from them that they could not refund. The beginning of BlockFi’s troubles A…

830 +

Esports Giant TSM Suspends $210M Partnership with FTX

It’s the latest sponsorship deal to fall through since the troubled crypto exchange’s surprise bankruptcy filing last week.

444 +

BlockFi flirts with bankruptcy filing, but what about volume in all DEXs

BlockFi’s initial denial that FTX held the majority of its assets might not ring true as it appears it might file for bankruptcy SALT, another lending protocol recently paused withdrawals leaThe post BlockFi flirts with bankruptcy filing, but what about volume in all DEXs appeared first on AMBCrypto.

189 +

First Mover Asia: FTX Debacle Might Change Hong Kong’s Approach to Retail Crypto Regulation; Bitcoin Shows Its Mettle

The special administrative region of China wants to become a regional crypto hub, but FTX’s filing for bankruptcy protection could prompt regulators to tighten restrictions.

99 +

BlockFi prepares for potential bankruptcy

New Jersey-based crypto lender, BlockFi, is preparing for potential bankruptcy filing after voting withdrawals of customer deposits and acknowledging it has essential exposure to FTX. Currently, the organization is planning to release some of its workers. Crypto lender to surge…

206 +

Japan’s biggest crypto exchange halts withdrawals

Liquid Global, a lesser-known cryptocurrency exchange acquired by FTX, has announced the suspension of withdrawals beginning on November 15. The action corresponds with the recent FTX bankruptcy filing.

178 +

Crypto Lender BlockFi Preps for Possible Bankruptcy Filing After FTX's Woes: WSJ

BlockFi has paused withdrawals and customer deposits.

164 +

FTX could have over 1 million creditors, bankruptcy filing shows

FTX’s creditors across its many subsidiaries could be more than 1 million, details in court documents filed on Monday suggests. Sam Bankman-Fried’s FTX and its over 100 affiliate companies filed for Chapter 11 bankruptcy last week, with SBF resigning from the CEO role.

98 +

FTX's New Leadership Is in Touch With Regulators, May Have Over 1M Creditors, New Filings Say

FTX filed more than 100 bankruptcy dockets. In a new filing posted late Monday, it finally revealed some of the details of how the exchange chose to enter bankruptcy.

54 +

Future implications of FTX’s bankruptcy filing for crypto assets

The collapse of FTX, a crypto exchange that was earlier this year valued at $32 billion and made famous by a Super Bowl commercial starring comedian Larry David, has left the crypto market in a state of shock. Dawn of…

250 +

FTX Hack or Inside Job? Blockchain Experts Examine Clues and a ‘Stupid Mistake’

Insolvent crypto exchange FTX suffered a $600 million exploit late Friday after filing for bankruptcy protection.

213 +

Crypto internet ‘darling and savior’ who funded democrats files for chapter 11 bankruptcy

The one-time crypto billionaire Sam Bankman Fried, a renowned donor to American politics, ends his iconic crypto career by stepping down as CEO of FTX exchange and filing for chapter 11 bankruptcy. According to Open Secrets, SBF reportedly spent more…

161 +

Argentinian government says Sam Bankman-Fried is not in their country

Sam Bankman-Fried, the CEO of the failed cryptocurrency firm FTX, is rumored to be a United States fugitive. According to some anonymous sources to infobae, Sam escaped to Argentina after filing for bankruptcy yesterday.

225 +

CryptoSlate Wrapped Daily: SBF out as CEO as FTX files for bankruptcy; SEC Chairman’s ties with exchange under scrutiny

The biggest news in the cryptoverse for November 11 includes  FTX filing for bankruptcy as John Ray III takes over from Sam Bankman-Fried as CEO, FTX users seeking to bypass bankruptcy process using the “Bahamas loophole”, US Congressman accused SEC Chairman of having dubious ties to FTX, and Crypto dot com disclosing reserve holdings to allay rumors […] The post CryptoSlate Wrapped Daily: SBF out as CEO as FTX files for bankruptcy; SEC Chairman’s ties with exchange under scrutiny appeared first on CryptoSlate.

327 +

'Need to update my LinkedIn' — FTX Ventures head resigns: Report

Amy Wu’s resignation followed the news 134 companies associated with the FTX Group would be filing for bankruptcy under Chapter 11 in the United States.

88 +

FTX Employees Worldwide Learned of Bankruptcy Along With the Public

Staff from FTX Japan and other subsidiaries found out about the insolvency filing on Twitter, CoinDesk was told.

153 +

US-Listed Crypto Trading Platforms Coinbase, Bakkt Gain After FTX Bankruptcy Filing

Investors appear to be favoring more regulated and transparent platforms.

203 +

This week in crypto: FTX files for Chapter 11 bankruptcy

It has been a rollercoaster of a week, even for the cryptocurrency market standard, with FTX filing for bankruptcy. Crypto exchange FTX files for bankruptcy This is perhaps the most action-filled week in the cryptocurrency space since the start of the week.

136 +

Bitcoin Slides Anew After FTX Bankruptcy Filing

The CoinDesk Market Index (CMI) dropped 3% during early U.S. trading hours on Friday.

144 +

FTX Filing for Chapter 11 Bankruptcy, SBF Stepping Down

John J. Ray III will replace Sam Bankman-Fried as CEO. FTX Ready for Chapter 11 FTX is filing for bankruptcy. Press Release pic.twitter.com/rgxq3QSBqm — FTX (@FTX_Official) November 11, 2022 The...

145 +

FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns

A bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities.

119 +

Compute North paid top execs roughly $3M benefits before filing for bankruptcy

Bankrupt Bitcoin (BTC) mining data center operator Compute North paid its top executives over $3 million in benefits before filing for bankruptcy on September 22, according to an October 28 court filing.

164 +

World’s largest Bitcoin miner may be heading towards bankruptcy

Core Scientific, the world’s largest Bitcoin mining company has revealed some significant details about its financial health that has investors and stakeholders worried.  In its latest filing wiThe post World’s largest Bitcoin miner may be heading towards bankruptcy appeared first on AMBCrypto.

205 +

Bitcoin Mining Giant Core Scientific on the Brink of Bankruptcy

Bitcoin mining giant Core Scientific in a filing with US Securities and Exchange Commission informed that they are halting all the debt payments. The post Bitcoin Mining Giant Core Scientific on the Brink of Bankruptcy appeared first on BeInCrypto.

244 +