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Retail FX
Russia's SPB Exchange Battles Fraudulent Bankruptcy Claims: Report
The alleged fraudulent claims caused SPB Exchange's shares to plummet.
The Moscow Arbitration Court declined to acknowledge the bankruptcy filings.
Monday, 27/11/2023 | 20:33 GMT
by
Jared Kirui
CryptoCurrency
FTX and BlockFi Granted Court Approval to Resume Claims Settlement
BlockFi's CEO, Zac Prince, recently testified against Sam Bankman-Fried.
Prince mentioned that BlockFi was affected by the collapse of FTX.
Tuesday, 14/11/2023 | 16:16 GMT
by
Jared Kirui
CryptoCurrency
FTX Bankruptcy Saga: Lawsuit Targets Bybit's Investment Arm
Bybit's Mirana Corp received $837 million before FTX's Chapter 11 bankruptcy.
The firm is persisting in withholding funds from FTX, prolonging the legal dispute.
Monday, 13/11/2023 | 10:35 GMT
by
Tareq Sikder
CryptoCurrency
Celsius Network Obtains US Bankruptcy Court Approval for Restructuring
The reorganized business plans to focus on mining Bitcoin and earning staking fees.
Celsius' customers will receive $2 billion in cryptocurrency.
Friday, 10/11/2023 | 20:20 GMT
by
Jared Kirui
CryptoCurrency
BlockFi's Recovery Plan: What's Next for Crypto Investors?
BlockFi has revealed its post-bankruptcy recovery plan.
The Wallet withdrawal window is scheduled to close on December 31.
Wednesday, 25/10/2023 | 06:31 GMT
by
Tareq Sikder
CryptoCurrency
Genesis’ Exit: Crypto Lender Shuts Down All Trading Operations
The crypto lender is handling disputes with FTX and Gemini.
The closure of its operations affects both U.S. and international trading desks.
Thursday, 14/09/2023 | 17:57 GMT
by
Jared Kirui
CryptoCurrency
Former Algorand CEO Steve Kokinos Appointed CEO of Firm Acquiring Celsius
The crypto lender’s board includes executives from WeWork, Lehman Brothers, and USBTC.
Celsius' creditors are voting on a potential revival of the lender until September 2022.
Monday, 11/09/2023 | 19:14 GMT
by
Jared Kirui
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CryptoCurrency
FTX Unveils Billions in Assets, including $1.6B in Solana and $560M in Bitcoin
FTX's executives allegedly received $2.2 billion before the company collapsed.
A court document reveals the company’s extensive real estate portfolio in the Bahamas.
Monday, 11/09/2023 | 16:30 GMT
by
Jared Kirui
CryptoCurrency
DCG’s Payment Plan on Shaky Ground as Genesis Lender Group Objects
The Ad Hoc Group called the agreement "wholly insufficient."
DCG proposed paying $830M seven years after Genesis' Chapter 11 plan becomes effective.
Wednesday, 30/08/2023 | 16:21 GMT
by
Solomon Oladipupo
CryptoCurrency
Genesis Rebound? DCG Agrees to In-Principle Deal Offering Up to 90% Recovery
The agreement between DCG and Genesis' creditors offers 70-90% recovery in USD equivalent.
Genesis filed for bankruptcy following FTX's collapse after halting withdrawals last year.
Tuesday, 29/08/2023 | 10:16 GMT
by
Jared Kirui
CryptoCurrency
FTX, BlockFI and Genesis’ Customer Data Exposed in “SIM Swapping Attack”
The crypto exchange, FTX said compromised customer data is “non-sensitive.”
However, the firm urged customers to be on high alert for scam emails.
Friday, 25/08/2023 | 18:36 GMT
by
Solomon Oladipupo
CryptoCurrency
Court Permits “Unlimited” Access to Jailed Bankman-Fried for Trial Preparation
The permission falls short of the FTX Founder's lawyers' request.
FTX's bankruptcy estate wants to onboard Galaxy for guidance on crypto holding.
Thursday, 24/08/2023 | 14:50 GMT
by
Solomon Oladipupo
CryptoCurrency
From Bankruptcy to Strategy: FTX Partners with Galaxy to Maximize Value for Creditors
The failed exchange aims to sell, stake, and hedge its USD $3 billion crypto holdings.
The collaboration aims to prevent an abrupt drop in the price of crypto assets.
Thursday, 24/08/2023 | 10:01 GMT
by
Jared Kirui
CryptoCurrency
FTX Updates Settlement Terms for 'Small Estate Claims' after US Trustee's Disapproval
The exchange criticized the US Trustee for objecting to the settlement.
Meanwhile, FTX and Genesis recently agreed to a payment of $175 million to resolve their dispute.
Monday, 21/08/2023 | 13:35 GMT
by
Solomon Oladipupo
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CryptoCurrency
Bankrupt BlockFi Gets Court’s Backing, Enables Withdrawal for US Customers
The firm looks forward to permitting withdrawal for international clients.
BlockFi had exposure of $1.2 billion to FTX and Alameda Research.
Thursday, 17/08/2023 | 19:27 GMT
by
Solomon Oladipupo
CryptoCurrency
Prime Trust Unravels: Files for Bankruptcy after Acquisition Intent Fails
The regulators shut the crypto custodian due to alleged fiduciary breaches.
Former Bank of Nevada's President to lead restructuring efforts.
Tuesday, 15/08/2023 | 18:13 GMT
by
Jared Kirui
CryptoCurrency
Dasset Crypto Exchange Crumbles: The Ripple Effects of Regulatory Pressure
Customers have been unable to withdraw funds for months.
The CEO of the exchange explains that banks do not want to cooperate with crypto firms.
Tuesday, 15/08/2023 | 12:26 GMT
by
Damian Chmiel
CryptoCurrency
SEC Fines Bittrex $24M in Settlement for Unregistered Securities Charges
The sum constitutes disgorgement, prejudgment interest, and civil money penalties.
In May, Bittrex filed for bankruptcy.
Friday, 11/08/2023 | 10:55 GMT
by
Jared Kirui
CryptoCurrency
FTX Asks Court to Remove Dubai Unit from US Bankruptcy Proceedings
The exchange wants FTX Dubai to be liquidated under the laws of the UAE.
FTX believe this step will speed up the process to exit bankruptcy.
Thursday, 03/08/2023 | 11:44 GMT
by
Jared Kirui
CryptoCurrency
FTX and Genesis Global Strike Deal to Settle Bankruptcy Disputes
The crypto lender is reportedly owed USD $226 million by FTX.
FTX claims Genesis owes it USD $2 billion.
Friday, 28/07/2023 | 08:46 GMT
by
Jared Kirui
CryptoCurrency
Judge Contemplates Jailing Sam Bankman-Fried Ahead of Fraud Trial
SBF is accused of witness tampering.
The presiding judge tightened SBF's bail terms on Wednesday.
Thursday, 27/07/2023 | 09:17 GMT
by
Jared Kirui
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CryptoCurrency
FTX Launches $1B Lawsuit against Sam Bankman-Fried and Former Executives
The exchange is accusing the defendants of misappropriating users' funds.
The alleged fraudulent transactions reportedly took place from 2020 onwards.
Friday, 21/07/2023 | 09:49 GMT
by
Jared Kirui
CryptoCurrency
Are FTX Users Facing a Phishing Attack? Customers Get Suspicious Emails: Report
Earlier, FTX earlier instructed users to stay on alert for phishing links.
So far, the exchange has recovered $7 billion out of $8.7 billion owed to users.
Thursday, 20/07/2023 | 18:23 GMT
by
Solomon Oladipupo
CryptoCurrency
FTX Foundation under Scrutiny as Bankruptcy Team Pursues $71M Recovery
The funds were allegedly donated to life science companies.
FTX claims the donations were made for Bankman-Fried's 'personal aggrandizement'.
Thursday, 20/07/2023 | 14:38 GMT
by
Jared Kirui
CryptoCurrency
FTX Seeks to Recover $300M Paid to the Leadership of Its European Affiliate
The amount was paid in connection to the acquisition of FTX Europe.
The exchange has asked the court to halt the pending payments.
Thursday, 13/07/2023 | 14:40 GMT
by
Jared Kirui
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