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DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
6.2.2023
FTX CEO testifies on 'pure hell' post-bankruptcy days at exchange
6.2.2023
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange's funds, insurance, and personnel
FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs
6.2.2023
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. Some bureaucrats, such as Democratic Senators...
FTX seeks to claw back political donations by the end of February
5.2.2023
FTX's new management is sending messages to politicians and political groups to return donations by the end of the month
Genesis unsecured creditors' committee appointed
4.2.2023
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan
FTX-tied townhouse in Washington DC unlisted: Report
4.2.2023
A few blocks from the U.S. Capitol, the townhouse belongs to Guarding Against Pandemics, a nonprofit organization founded by Gabriel Bankman-Fried, SBF's brother
Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax
4.2.2023
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance...
Sam Bankman-Fried's Emergent Fidelity Technologies Files for Bankruptcy
3.2.2023
Emergent is owner of 56 million shares of online brokerage Robinhood
Sam Bankman-Fried's holding company files for bankruptcy
3.2.2023
Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX's
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
3.2.2023
Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally...
Alameda Research wallet receives $13M from Bitfinex, other sources
2.2.2023
The assets transferred to Alameda's consolidation wallet are reportedly part of bankruptcy recovery efforts
Crypto Investors Can Purchase Bankruptcy 'Put Options' to Protect Funds on Binance, Coinbase, Kraken
1.2.2023
Investors can purchase the options to protect their funds on Binance, Coinbase and Kraken for a monthly fee and will receive full payment if the centralized exchanges file for bankruptcy locking up their crypto
FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried
1.2.2023
FTX and affected parties have requested court subpoenas to force Sam Bankman-Fried’s closest advisors to provide documents and information for ongoing investigations
Celsius publishes list of users eligible to withdraw majority of assets
1.2.2023
Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data
Court permits Core Scientific to borrow $70M to replace existing loan
31.1.2023
Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11
Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius
31.1.2023
The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
31.1.2023
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan...
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
31.1.2023
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 interests” of creditors, and FTX debtors do not believe...
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital
31.1.2023
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately...
BlockFi gets court nod to sell crypto mining assets
31.1.2023
It is understood that BlockFi wants to get bids in quickly as possible to make the most of the current market conditions