Bankruptcy – Page 21 – Miami Crypto Coin

Companies and investors may need to return billions in funds paid by FTX

Post author:MiamiCrypto
Post published:December 30, 2022
Post category:Bankruptcy Binance ftx Sam Bankman-Fried

Billions of dollars paid in the months leading up to the crypto exchange's bankruptcy may be returned to pay FTX's creditors, according to an insolvency attorney.

FTX Customers File Class Action to Claim Assets Within Bankruptcy Case

Post author:MiamiCrypto
Post published:December 28, 2022
Post category:Assets Bankruptcy Bankruptcy Case claim class action class action lawsuit Court Court Filing creditors Crypto crypto exchange Cryptocurrencies Cryptocurrency Cryptocurrency Exchange Customers Digital Assets Exchange ftx holdings Lawsuit News priority repayment suit

A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the…

SBF borrowed $546M from Alameda to fund Robinhood share purchase

Post author:MiamiCrypto
Post published:December 28, 2022
Post category:affidavit Alameda Bankruptcy blockfi Court emergent technologies loans Robinhood Sam Bankman-Fried SBF shares

An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi.

Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading

Post author:MiamiCrypto
Post published:December 28, 2022
Post category:Argo Argo Blockchain Argo shares Argo stock Bankruptcy Bitcoin Miners Bitcoin mining business BTC Mining Chapter 11 Downgrade London Stock Exchange Mining Mining Bitcoins Nasdaq Nasdaq: ARBK Publicly Listed Bitcoin Miners Share Downgrade shares Stock Suspension of shares Suspension of trading

Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28,…

Elon Musk: Twitter No Longer in Fast Lane to Bankruptcy

Post author:MiamiCrypto
Post published:December 26, 2022
Post category:Bankruptcy Elon Musk Featured Twitter Twitter bankrupt Twitter bankruptcy

Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is…

Public Bitcoin mining companies plagued with $4B of collective debt

Post author:MiamiCrypto
Post published:December 24, 2022
Post category:Bankruptcy Bitcoin Mining loans Mining

The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.

Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues

Post author:MiamiCrypto
Post published:December 23, 2022
Post category:Bankruptcy Bitcoin Mining celsius ftx Visa

With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running.

FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report

Post author:MiamiCrypto
Post published:December 22, 2022
Post category:Bankruptcy ftx Sam Bankman-Fried

After evaluating several law firms, FTX's unsecured creditors' committee has chosen a legal adviser.

Third parties could return FTX funds directly to customers: Law firm

Post author:MiamiCrypto
Post published:December 22, 2022
Post category:Bankruptcy ftx law Regulation

According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings.

Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone

Post author:MiamiCrypto
Post published:December 21, 2022
Post category:Bankruptcy Bitcoin Futures BTC price analysis derivatives Futures Markets miner Premium

Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback.