Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against a holding company by FTX founder Sam Bankman-Fried over his Read more
Tag: Bankruptcy
Crypto firm BlockFi files for Chapter 11 bankruptcy protection in New Jersey
Digital-asset lender BlockFi Inc., a cryptocurrency company that once enjoyed a valuation of $3 billion, has filed for Chapter 11 bankruptcy protection in New Jersey, according to a Monday press Read more
Supposed $477 million FTX ‘hack’ was actually a Bahamian government asset seizure
Remember that hack of nearly half a billion dollars in cryptocurrency from bankrupt FTX last weekend? Turns out it was actually a government asset seizure. The Securities Commission of the Read more
10 crazy things detailed in FTX’s bankruptcy filing
On Thursday, John Ray, III, the new CEO of FTX, dropped a long-awaited declaration in U.S. bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s crypto empire. Read more
FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban
Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking greedy.’” — Read more
FTX is investigating a potential hack amid bankruptcy filing
Bankrupt cryptocurrency exchange FTX is probing a potential hack and asked customers to stay off the FTX website, the company said. More than $400 million worth of crypto funds appears Read more
FTX bankruptcy: Tom Brady, Steph Curry set to lose big from company’s collapse
Former FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in just a few days after his company filed chapter 11 bankruptcy protection on Friday, but he’s not the Read more
What FTX account holders can expect from the crypto exchange’s Chapter 11 bankruptcy
FTX, the unraveling cryptocurrency exchange, has plummeted from its high-profile perch into bankruptcy court. On Friday morning, FTX and related entities including Alameda Research, the affiliated crypto trading firm, filed Read more
FTX files for bankruptcy. Here’s everything you should know
FTX, once the world’s third-largest crypto exchange, filed for voluntary Chapter 11 bankruptcy in a Delaware court on Friday. Once one of the most prominent players in the industry, FTX’s Read more
‘A lot of people have compared this to Lehman. I would compare it to Enron’: Larry Summers comments on FTX bankruptcy
Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an interview Read more