Genesis’ bankruptcy filing was decided by independent committee according to DCG
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.
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A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York.
Former FTX CEO allegedly used his popularity to lure developers, and Alameda Research to inflate the price of certain coins.
Another one bites the dust? A report suggested the initial bankruptcy filing from Genesis could come before February.
Debtors said they had identified $1.7 billion in cash, $3.5 billion in crypto assets and $0.3 billion in securities following FTX filing for Chapter 11 bankruptcy.
Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO.
Sam Bankman-Fried ordered Gary Wang, FTX's co-founder, to open the alleged credit line financed by the exchange's customers.
According to Celsius, Touzi Capital made the best offer for the mining rigs following discussions with “several brokers and market participants”.
County officials negotiated with the crypto exchange in 2021 to name Miami Heat's arena FTX Arena until 2040, for $135 million.
3AC co-founder Kyle Davies announceed regular meetings with creditors, noting all involved parties are welcome to attend.