Bankruptcy – Page 21 – Miami Crypto Coin

FTX: it took ‘Herculean investigative effort’ to identify $5.5B in liquid assets

Post author:MiamiCrypto
Post published:January 17, 2023
Post category:Bankruptcy Business Cryptocurrency Exchange ftx Sam Bankman-Fried

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.

Former FTX US President lashes out at ‘insecure’ SBF in 49-part Twitter thread rant

Post author:MiamiCrypto
Post published:January 15, 2023
Post category:Bankruptcy Brett Harrison Corporate Structure customer funds FTX.US Jane Street Management Mental Health Organization

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.

Alameda Research had a $65B secret line of credit with FTX: Report

Post author:MiamiCrypto
Post published:January 14, 2023
Post category:Bankruptcy ftx Sam Bankman-Fried

Sam Bankman-Fried ordered Gary Wang, FTX's co-founder, to open the alleged credit line financed by the exchange's customers.

Celsius’ mining arm announces $1.3M sale of equipment

Post author:MiamiCrypto
Post published:January 13, 2023
Post category:Bankruptcy Bitcoin Mining Business celsius Mining

According to Celsius, Touzi Capital made the best offer for the mining rigs following discussions with “several brokers and market participants”.

Miami-Dade gains right to remove FTX name from Heat arena

Post author:MiamiCrypto
Post published:January 11, 2023
Post category:Bankruptcy ftx Sam Bankman-Fried

County officials negotiated with the crypto exchange in 2021 to name Miami Heat's arena FTX Arena until 2040, for $135 million.

Three Arrows Capital creditors express frustration with bankruptcy process during call

Post author:MiamiCrypto
Post published:January 11, 2023
Post category:Bankruptcy hedge fund

3AC co-founder Kyle Davies announceed regular meetings with creditors, noting all involved parties are welcome to attend.

US lawmakers call on court to approve ‘independent examiner’ in FTX bankruptcy case

Post author:MiamiCrypto
Post published:January 10, 2023
Post category:Bankruptcy Congress ftx Regulation United States

Four U.S. Senators said Sullivan & Cromwell was "simply not in a position to uncover the information needed to ensure confidence in any investigation or findings" regarding FTX.

FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents

Post author:MiamiCrypto
Post published:January 10, 2023
Post category:Alameda Albany Bankruptcy Bankruptcy filings beach resort creditors criminal defense economic loss Flights food ftx FTX Bankruptcy FTX collapse Grand Hyatt Hotels Jimmy Buffett lavish spending living accommodations luxury penthouse Margaritaville News quantitative trading Robinhood Rosewood Sam Bankman-Fried SBF

Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spent…