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Tag: defunct exchange

FTX to Sell Off Digital Custody at a Very Steep Markdown

After entertaining the possibility of restarting FTX following the bankruptcy process for a long time, lawyers for the defunct exchange have announced that that...

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Creditors Report Double Reimbursements from Mt. Gox Trustee – Unchained

Users report receiving notices from the Mt. Gox rehabilitation trustee requesting the return of duplicate reimbursements. Posted December 26, 2023 at 4:41...

FTX Values Claims of Creditors Based on Prices of Digital Assets During Collapse of Exchange – The Daily Hodl

Recent court documents indicate FTX’s creditors’ digital asset claims will be based on the near-bottom crypto prices at the time of the disgraced exchange’s...

FTX creditors stand to collectively lose millions under new reogranization plan

FTX Debtors filed an amended Chapter 11 reorganization plan on Dec. 16 that will potentially lead to millions of dollars worth of losses for...

FTX and Alameda Divest $36 Million Worth of These Assets

FTX and Alameda have been actively divesting their holdings. Within the past 24 hours, both entities have transferred $36.01 million worth of MATIC...

Defunct Crypto Exchange FTX Transfers $36 Million Worth Tokens

Exchange News The liquidation move has dragged the MATIC down by 1.80% and AVAX down by 9.18%. This action highlights the...

Genesis Sues Gemini, Seeking About $690 Million In ‘Preferential Transfers’

<!-- -->Genesis Global Capital, a crypto brokerage firm owned by Digital Currency Group (DCG), is seeking $689 million from Gemini,...

Crypto news site The Block shakes off SBF ties with Foresight Ventures deal

The Block, a crypto-focused media company, sold a majority stake of its company to a venture capital firm in Singapore, according to Axios, which...

Crypto Is Back in a Bull Market – But Not in The Way You Think

Crypto returned to the limelight of financial markets in 2023 – but for a reason less flattering than skyrocketing crypto prices. A new report...

FTX And Alameda Addresses Move $80 Million In Crypto Over The Past Week – Details

According to the latest on-chain data, wallet addresses linked to the now-bankrupt FTX exchange and Alameda Research have transferred substantial amounts in crypto assets...

Sam Bankman-Fried Admits Mistakes as FTX’s CEO

Sam Bankman-Fried (SBF) faced the jury yesterday (Friday) and acknowledged the widespread fallout when the cryptocurrency exchange FTX, which he co-founded, crumbled. BBC reported that...

Google and BlackRock Considered Investing in FTX as It Crumbled – Decrypt

FTX engaged BlackRock and Google as potential investors while Sam Bankman-Fried’s crypto exchange circled the drain last November, according to evidence submitted in the...

Terraform Labs Accuses Citadel Securities of Destabilizing its UST Stablecoin

In the latest twist, Terraform Labs, a defunct crypto network, is accusing Citadel Securities of participating in intentional efforts to destabilize its stablecoin...

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