Cryptocoins News / The Cointelegraph β - 2 years ago
The decision comes after a Jan. 8 filing by FTXβs lawyers, who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors....
Cryptocoins News / The Cointelegraph β - 2 years ago
County officials agreed in 2021 to rename the Miami Heatβs arena βFTX Arenaβ until 2040, in return for $135 million from the now-bankrupt crypto exchange. Miami-Dade...
Bitcoin News / Bitcoinist - 2 years ago
On Wednesday, a counsel for the bankrupt crypto trading venue FTX, founded by Sam Bankman-Fried, stated that the company recovered more than $5 billion. However, the magnitude of consumer losses in its collapse was still unknown.
U.S. authorities hav...
Bitcoin News / Bitcoin.com - 2 years ago
As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits a...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
Landis Rath & Cobb lawyers stated the recovery claim during a bankruptcy hearing on WednesdayThe $5 billion in question was reclaimed in “cash, liquid crypto, and liquid investment securities”, per the court hearing.FTX...
Cryptocoins News / CoinJournal - 2 years ago
A bankruptcy attorney for crypto exchange FTX revealed on Wednesday that the platform had located over $5 billion in assets.
The new assets includes cash and liquid crypto, adding to the $1 billion initially announced in December.
FTX filed for bank...
Cryptocoins News / The Cointelegraph β - 2 years ago
Previous reports suggested that FTX saw losses peak at nearly $9 billion in total liabilities. According to FTX attorney Andy Dietderich, the troubled cryptocurrency e...
Cryptocoins News / CoinJournal - 2 years ago
Brady held 1.1 million shares in Sam Bankman-Fried’s business&
His ex-wife Gisele Bunchen has 680k shares
New FTX CEO John J. Ray III says no one is likely to recover losses
Some of the most famous people in US sports and people like P...
by COINS NEWS - 2 years ago
The Cryptocurrency Drama continues The court hearing is set for TODAY Wednesday, January 11, at 9 a.m. ET in the District of Delaware Bankruptcy Court And will be livestreamed on YouTube. There is a countdown timer β. For those who can't get Eno...
Bitcoin News / Bitcoin.com - 2 years ago
U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met with...
Cryptocoins News / The Cointelegraph β - 2 years ago
Four U.S. Senators said Sullivan & Cromwell was βsimply not in a position to uncover the information needed to ensure confidence in any investigation or findingsβ regarding FTX....