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Home » Bankruptcy

Browsing: Bankruptcy

FTX-Begins-Moving-Funds-Amid-Bankruptcy-Filing

Genesis Aims for Creditor Deal in Days or Mediator

by Godfrey Mwirigi - January 24, 2023

Crypto lender Genesis will either have a deal with creditors owed about $3B, or it will ask the judge overseeing its bankruptcy to appoint a mediator.

AlamedaFTX Proposal Drop by Voyager, Saw it ‘Harm Customers’

SEC Objects to Binance.US on Voyager Acquisition Plan

by Godfrey Mwirigi - January 5, 2023

The SEC, U.S Trustee, and state regulators from New Jersey have all filed motions objecting to Binance US’s acquisition of Voyager. Read CNL for more.

Grayscale Looming Bankruptcy Has Possible Adverse Outcomes

Grayscale Looming Bankruptcy Has Possible Adverse Outcomes

by Godfrey Mwirigi - January 3, 2023

A recent tweet from CNL reveals how the cryptocurrency sector would be impacted if grayscale and its affiliates experienced a liquidity crisis. Read more.

SBF-And-Relatives-Own-Property-Worth-$121M-In-The-Bahamas

Bahamas Regulator Holds $3.5B in FTX User Assets

by Godfrey Mwirigi - December 30, 2022

The Bahamian Securities Commission has been holding user money totaling $3.5 billion, as stated in a recent news release. Read CNL for more.

Core Scientific Falls to 78M Market Cap, Bankruptcy Loom

Core Scientific Falls to 78M Market Cap, Bankruptcy Loom

by Godfrey Mwirigi - December 21, 2022

According to a recent report, Bitcoin miner Core Scientific confirmed that it is possible for it to file for bankruptcy before the end of the year.

Critics-Face-the-Media-for-Whitewashing-SBF`s-Actions

SBF Used Counterfeit Money to Corrupt the Media

by Godfrey Mwirigi - December 10, 2022

According to Michael Saylor, Sam Bankman-Fried used stolen and counterfeit money from the embattled FTX to corrupt the establishment of Bitcoin. Read CNL.

Crypto Exchange Gemini Lays off an Additional 7% Of Its Staff

Gemini has Less Than $100M Worth of Stablecoins Left

by Godfrey Mwirigi - December 10, 2022

A recent report reveals that Gemini’s stablecoin stockpile is now below $100 million. The FTX disaster may explain the continuous money drain.

SBF Had a Secret 'Back Door' to Transfer Billions: Report

SBF’s Parents Won`t Teach Law at Stanford Next Year

by Godfrey Mwirigi - December 9, 2022

According to the most recent reports, Sam Bankman-Fried’s parents will not be teaching at Stanford Law School starting next year. Read CNL for more.

Coinbase-temporarily-shutting-down-US-affiliate-marketing-program

Coinbase CEO Dismisses FTX`s Accounting Error Claim

by Godfrey Mwirigi - December 4, 2022

SBF should be imprisoned, according to the CEO of Coinbase, who also objects to his declaration that FTX is insolvent as a result of an accounting error.

SBF-And-Relatives-Own-Property-Worth-$121M-In-The-Bahamas

SBF And Relatives Own Property Worth $121M In The Bahamas

by Godfrey Mwirigi - November 22, 2022

A Reuters article claims that Sam Bankman-Fried’s exchange FTX, its senior executives, and his parents all bought Bahamas homes totaling $121 million.

Binance-Will-not-Invest-in-Crypto-Lender-Genesis-WSJ

Binance Will not Invest in Crypto Lender Genesis: WSJ

by Godfrey Mwirigi - November 22, 2022

Binance, a cryptocurrency exchange, was approached by Genesis about investing, but the latter rejected the offer owing to potential conflicts of interest.

FTX-fires-three-of-its-prime-executives-–-WSJ

FTX fires three of its prime executives – WSJ

by Godfrey Mwirigi - November 20, 2022

FTX exchange has fired three of its prime executives, together with co-founder Gary Wang, the Wall Avenue Journal reported on Friday, citing an FTX spokeswoman.

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