Court records: FTX paid nearly $948M to 12+ firms working on its bankruptcy, one of the costliest Chapter 11 cases in US history; users are set to get back 118%
- Lack of records, corporate controls sent adviser fees higher — Most creditors poised to get back 118% of what they were owed
National Public Data, the FL-based data broker that was hacked and lost hundreds of millions of SSNs and more earlier this year, files for Chapter 11 bankruptcy
A Florida data broker that lost hundreds of millions of Social Security numbers and other personally identifiable information …
A US judge approves Genesis Global Capital's Chapter 11 repayment plan to return Bitcoin and other tokens to creditors, defeating a challenge by its parent DCG
- Genesis defeated a challenge by parent Digital Currency Group — Judge also approved a related settlement with the New York AG
Filing: Terraform Labs, co-founded by Do Kwon, files for Chapter 11 bankruptcy protection in the US, listing assets and liabilities both between $100M and $500M
- Singapore-based Terraform files for bankruptcy in Delaware — Kwon's lawyer has said he may soon be extradited to the US
Filing: FTX sues crypto exchange Bybit and two affiliates to recover ~$953M that they allegedly withdrew using “VIP” status just before FTX filed Chapter 11
- FTX claims Bybit affiliate used “VIP” status to withdraw funds — Bybit's Mirana withdrew $327 million just before FTX pause
FTX sues crypto exchange Bybit and two affiliates to recover ~$953M in cash and digital assets that was withdrawn using “VIP” status before FTX filed Chapter 11
- FTX claims Bybit affiliate used “VIP” status to withdraw funds — Bybit's Mirana withdrew $327 million just before FTX pause
Crypto lender Genesis Global files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities as between $1B and $10B
the parent company of Genesis - continue to refuse to offer creditors a fair deal. Fred Walton / @fredwalton216 : 1) Crypto thread on January 19. DCG allegedly has received offers for CoinDesk exceedi...
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence even after ex-executives pled guilty
think there shouldn't be a paying option anymore... Dave Weisberger / @daveweisberger1 : https://www.wsj.com/... It is tiresome to read SBF's half truths. 1/ His claims about Binance are ludicrous. Th...
FTX CEO John Ray's testimony to the US House: FTX and Alameda commingled customer assets, insiders were paid $1B+, FTX US was not run independently, and more
Before He Was Arrested Luc Olinga / TheStreet : FTX's Bankman-Fried Used Client Money for Political Donations: SEC Financial Times : FTX live news: Alameda had no list of bank accounts, FTX CEO John R...
In a bankruptcy hearing, FTX lawyers say a “substantial amount” of assets have been stolen from accounts; client names and addresses will be redacted for now
Crypto is the cat with nine lives, but some wonder if FTX might be the last one. CNBC : FTX lawyer calls this case ‘a different sort of animal’ in first bankruptcy hearing Panda Security Mediacenter :...