Bankruptcy

FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried

FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried

Court filings show Ryan Salame warned the Bahaman protections controller, letting them know that FTX was sending client assets to Alameda Exploration. A high-positioning chief at FTX’s Bahamian element warned…

Kevin O’Leary lost the $15M he was paid to be FTX’s spokesperson

Kevin O’Leary lost the $15M he was paid to be FTX’s spokesperson

Kevin O’Leary fessed up to committing a huge error with FTX, and is attempting to find out where his cash went in the midst of the chapter 11. Shark Tank…

Court sets new deadline for Celsius restructuring plan

Court sets new deadline for Celsius restructuring plan

Celsius ended withdrawals on the stage on Jun. 13 and declared financial insolvency a month after the fact on Jul. 13. Bankrupt crypto moneylender Celsius was conceded an augmentation on…

Novogratz’s Galaxy Digital to acquire Celsius’ GK8 in bankruptcy garage sale

Novogratz’s Galaxy Digital to acquire Celsius’ GK8 in bankruptcy garage sale

The self-guardianship stage was procured by Celsius in 2021 for $115 million and is currently set to change hands, forthcoming endorsements. Mike Novogratz-drove venture company System Advanced Property has won…

FTX was the ‘fastest’ corporate failure in US history — Trustee calls for probe

FTX was the ‘fastest’ corporate failure in US history — Trustee calls for probe

The Division of Equity’s U.S. Legal administrator managing FTX’s liquidation case has moved for the court to select a free inspector. The US Legal administrator dealing with FTX’s chapter 11…

BlockFi bankruptcy filing triggers a wide range of community reaction

BlockFi bankruptcy filing triggers a wide range of community reaction

As crypto loaning stage BlockFi sought financial protection, individuals from the crypto local area responded with blended criticism as one more stage fell during the ongoing bear market. As crypto…

Silvergate denies recent FUD, confirms minimal exposure to BlockFi

Silvergate denies recent FUD, confirms minimal exposure to BlockFi

Silvergate Capital has rushed to move away from the now-bankrupt crypto loan specialist BlockFi. Institutional crypto administrations supplier Silvergate Capital has affirmed its negligible openness to the beset BlockFi crypto…

Genesis calls in restructuring expert in its fight to avoid bankruptcy

Genesis calls in restructuring expert in its fight to avoid bankruptcy

It is grasped Moelis and Company has been welcomed on to assist the pained loaning with firming investigate every single imaginable choice. Cryptographic money loaning firm Beginning Worldwide Capital has…

FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets

FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets

The new President of FTX gave a terse assertion in light of the series of discontinuous tweets by previous Chief Sam Bankman-Broiled. The new President and head rebuilding official for…

Bahamian liquidators reject validity of FTX’s US bankruptcy filing

Bahamian liquidators reject validity of FTX’s US bankruptcy filing

The temporary outlet supervising the FTX Computerized Markets liquidation procedures says FTX wasn’t approved to seek financial protection in the U.S without his endorsement. Brian Simms, the court-named temporary vendor…