Bankruptcy – Page 17 – Miami Crypto Coin

FTX presentation shows ‘massive shortfall’ in firm’s assets

Post author:MiamiCrypto
Post published:March 3, 2023
Post category:Bankruptcy Cryptocurrencies Cryptocurrency Exchange ftx Sam Bankman-Fried

FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO.

DCG losses top $1B on the back of 3AC collapse in 2022

Post author:MiamiCrypto
Post published:February 28, 2023
Post category:3AC Bankruptcy BTC crypto vc DCG Digital Currency Group earnings results genesis q4 2022 report

The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results.

Texas objects to Voyager-Binance.US deal, court filing shows

Post author:MiamiCrypto
Post published:February 26, 2023
Post category:Bankruptcy Binance Cryptocurrency Exchange texas United States

Texas claims that Binance.US's terms of service and restructuring plan contain inadequate disclosures, and discriminate against Texas creditors.

Voyager is selling crypto assets through Coinbase, suggests on-chain data

Post author:MiamiCrypto
Post published:February 26, 2023
Post category:Bankruptcy Coinbase investigation SEC

Since Feb. 14, Voyager has sent crypto assets to Coinbase on an almost daily basis, alleges on-chain analyst Lookonchain.

FTX Japan reports $50M in withdrawals since Feb. 21

Post author:MiamiCrypto
Post published:February 23, 2023
Post category:Bankruptcy Business ftx Japan Liquid

According to the crypto exchange, 7,026 FTX Japan account holders had moved funds from the firm to Liquid Global — a requirement in order to withdraw assets.

FTX poked the bear and the bear is pissed — O’Leary on the crypto crackdown

Post author:MiamiCrypto
Post published:February 21, 2023
Post category:Alexey Pertsev Bankruptcy courts Gary Gensler investment kevin o'leary staking services Tornado cash

Kevin O'Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another.

BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle

Post author:MiamiCrypto
Post published:February 20, 2023
Post category:Bankruptcy ftx Sam Bankman-Fried

The bankrupt crypto lender asked for a court ruling to dismiss Sam Bankman Fried’s appeal for bankruptcy for his offshore investment firm Emergent Fidelity Technologies Ltd.

Former FTX exec will plead guilty to federal charges with a deal: Report

Post author:MiamiCrypto
Post published:February 17, 2023
Post category:Bankruptcy Fraud ftx

Nishad Singh, the bankrupt exchange’s former director of engineering, went to a proffer session with prosecutors last month and is reportedly nearing a plea deal.

FTX Japan plans to resume withdrawals as early as February: Report

Post author:MiamiCrypto
Post published:February 17, 2023
Post category:Bankruptcy Business ftx Japan

FTX Japan Holdings, FTX Japan and FTX Japan Services were three of FTX’s 134 subsidiaries caught up in the firm’s Chapter 11 bankruptcy filing in the United States.

Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons

Post author:MiamiCrypto
Post published:February 16, 2023
Post category:Bankruptcy Bitmain celsius Court Regulation

The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, but they would need the consent of the committee of unsecured creditors.