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CryptoCurrency
Dasset Crypto Exchange Crumbles: The Ripple Effects of Regulatory Pressure
2023-08-15T14:26:39.512+02:00
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.
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CryptoCurrency
SEC Fines Bittrex $24M in Settlement for Unregistered Securities Charges
2023-08-11T12:55:09.439+02:00
The sum constitutes disgorgement, prejudgment interest, and civil money penalties.
In May, Bittrex filed for bankruptcy.
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CryptoCurrency
FTX Asks Court to Remove Dubai Unit from US Bankruptcy Proceedings
2023-08-03T13:44:53.878+02:00
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.
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CryptoCurrency
FTX and Genesis Global Strike Deal to Settle Bankruptcy Disputes
2023-07-28T10:46:08.530+02:00
The crypto lender is reportedly owed USD $226 million by FTX.
FTX claims Genesis owes it USD $2 billion.
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CryptoCurrency
Judge Contemplates Jailing Sam Bankman-Fried Ahead of Fraud Trial
2023-07-27T11:17:28.052+02:00
SBF is accused of witness tampering.
The presiding judge tightened SBF's bail terms on Wednesday.
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FTX Launches $1B Lawsuit against Sam Bankman-Fried and Former Executives
2023-07-21T11:49:10.991+02:00
The exchange is accusing the defendants of misappropriating users' funds.
The alleged fraudulent transactions reportedly took place from 2020 onwards.
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Are FTX Users Facing a Phishing Attack? Customers Get Suspicious Emails: Report
2023-07-20T20:23:41.172+02:00
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.
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CryptoCurrency
FTX Foundation under Scrutiny as Bankruptcy Team Pursues $71M Recovery
2023-07-20T16:38:32.041+02:00
The funds were allegedly donated to life science companies.
FTX claims the donations were made for Bankman-Fried's 'personal aggrandizement'.
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CryptoCurrency
FTX Seeks to Recover $300M Paid to the Leadership of Its European Affiliate
2023-07-13T16:40:31.776+02:00
The amount was paid in connection to the acquisition of FTX Europe.
The exchange has asked the court to halt the pending payments.
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Institutional FX
Leerink Sold His Business for $280m to SVB, Now Buys It Back
2023-07-06T10:03:16.563+02:00
After the SVB's collapse, Leerink repurchases his business.
The executive team and the Baupost Group supported the transaction.
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Retail FX
UK CFDs Broker City Credit Capital Goes Bankrupt, Enters Administration
2023-07-04T18:10:18.521+02:00
FCA appointed joint administrators for the firm last Friday.
CCCUK operated under the trading names CIX Markets and Markets Trader.
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CryptoCurrency
Bankrupt FTX Initiates Early Talks on Crypto Exchange Relaunch: Report
2023-06-28T16:39:13.606+02:00
The blockchain technology firm, Figure has stated an interest, according to Wall Street Journal.
The exchange is considering compensation for certain existing customers.
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CryptoCurrency
FTX Bankruptcy Team Releases Second Investigative Report; $7B Recovered
2023-06-27T11:02:36.142+02:00
The report noted that the exchange owed customers $8.7 billion.
Former FTX executives reportedly commingled and misused customer funds.
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CryptoCurrency
US Bitcoin Miner Core Scientific Files Chapter 11 Plan
2023-06-21T18:29:37.810+02:00
The publicly listed crypto miner plans to repay secured creditors in full.
It said it had seen a boost in its mining business due to improving Bitcoin prices.
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Crypto Lender Celsius Selects Fahrenheit’s Bid for Bankruptcy Exit
2023-05-25T16:05:53.322+02:00
Celsius also signed a backup deal with crypto investor BRIC.
Customers are to get 'hundreds of millions of dollars' in crypto.
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CryptoCurrency
Miami International Completes $50M Takeover of LedgerX from FTX
2023-05-19T22:46:08.779+02:00
FTX sold LedgerX to monetize assets and deliver recoveries to stakeholders.
Three other subsidiaries permitted for sale remain unsold.
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CryptoCurrency
Bittrex Goes Bankrupt with US Treasury Its Largest Creditor
2023-05-09T07:18:17.104+02:00
The US Treasury's OFAC has a claim of $24.2 million.
The bankruptcy proceeding does not involve the global operation of Bittrex.
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CryptoCurrency
US Court Orders FTX’s Alameda Research to Be Repaid $53M Deltec Loan
2023-04-12T21:43:25.187+02:00
Deltec signed a promissory note for $50M from Alameda Research in 2021.
Alameda Research recently sued Grayscale to recover $250M for creditors.
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CryptoCurrency
Crypto Lender Genesis Files for Bankruptcy in New York
2023-01-20T10:01:21.398+02:00
Three companies have been named in the bankruptcy filings.
The lending business has estimated to have more than 100,000 creditors.
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Midas Shuts Down as Another Victim of FTX Collapse
2022-12-28T13:54:48.860+02:00
After FTX, the platform lost 60% of its AuM.
However, Midas wants to launch a brand new CeDeFi project next year.
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CryptoCurrency
CySEC Extends FTX EU’s CIF License Suspension to March 2023
2022-12-23T01:03:06.759+02:00
Japan extended the suspension of FTX Japan to March 9, 2023.
Australia's regulator's suspension stands until May 15, 2023.
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CryptoCurrency
US Court Grants Bail to Sam Bankman-Fried on Hefty $250M Bond
2022-12-22T22:36:44.458+02:00
The bond were co-signed by his parents who are Standard Law professors.
Bankman-Fried has been charged with wire, commodities, and securities fraud.
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US’ CFTC Charges Bankman-Fried, FTX.com and Alameda with Fraud
2022-12-13T21:24:39.987+02:00
The regulator said the defendants' action resulted in a loss of over $8 billion.
The CFTC accused Bankman-Fried of manipulating FTX.com's codes to favour Alameda Research.
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Crypto Lender BlockFi Files for Bankrupty Protection in the US
2022-11-28T20:00:03.480+02:00
The development comes weeks after BlockFi halted customer withdrawals.
The crypto lender owes FTX.US $275 million.
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CryptoCurrency
Singapore’s MAS: FTX Not Licensed, Protection of Local Users Impossible
2022-11-21T19:15:09.888+02:00
The regulator noted that FTX operated as an offshore entity.
It reiterated that FTX's local subsidiary Quoine was included in bankruptcy filing.
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