bankruptcy

FTX Court Filings Highlight Key Crypto Industry Risk Management Lessons

FTX Court Filings Highlight Key Crypto Industry Risk Management Lessons
FTX Court Filings Highlight Key Crypto Industry Risk Management Lessons
January 09, 2023  |  Cryptocurrency

The FTX collapse provides a master class in caveat-emptor crypto industry risk management and accounting failures. This, as court documents confirm that the world’s one-time...

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German Neobank Ruuky Files for Insolvency
German Neobank Ruuky Files for Insolvency
January 09, 2023  |  Banking

The German neobank Ruuky announced it has filed for bankruptcy after less than three years in operation. In a LinkedIn post Monday (Jan. 9), the Hamburg-based...

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FTX Wants to Claw Back Bankman-Fried’s Gifts to Charity
FTX Wants to Claw Back Bankman-Fried’s Gifts to Charity
January 08, 2023  |  Cryptocurrency

FTX wants to recoup the millions it and disgraced founder Sam Bankman-Fried gave to charity. That might be easier said than done, The Wall Street...

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Genesis Reduces Headcount and Discusses Bankruptcy
Genesis Reduces Headcount and Discusses Bankruptcy
January 05, 2023  |  Cryptocurrency

Genesis Global Trading is reportedly considering filing for bankruptcy. The cryptocurrency lender has also laid off 30% of its staff across departments, The Wall Street...

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Bankruptcy Judge: Celsius Owns Bulk of Customer Crypto Deposits
Bankruptcy Judge: Celsius Owns Bulk of Customer Crypto Deposits
January 05, 2023  |  Cryptocurrency

Celsius owns most of the customer deposits on its platform, a federal judge has ruled. In his ruling Wednesday (Jan. 4) in the cryptocurrency lender’s bankruptcy...

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Bed Bath & Beyond Faces Potential Bankruptcy Filing
Bed Bath & Beyond Faces Potential Bankruptcy Filing
January 05, 2023  |  Retail

In the face of ongoing challenges, Bed Bath & Beyond said Thursday that it is exploring bankruptcy and other strategic alternatives. In a report Thursday (Jan. 5)...

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Federal Crypto Task Force Joins Fight to Find FTX’s Missing Billions
Federal Crypto Task Force Joins Fight to Find FTX’s Missing Billions
January 04, 2023  |  Legal & Regulation

Federal prosecutors are forming a joint task force to “trace and recover” missing FTX funds. That’s as the exchange’s former CEO and founder, Sam Bankman-Fried,...

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Bahamas Securities Commission Reports Seizing $3.5B in FTX Assets
Bahamas Securities Commission Reports Seizing $3.5B in FTX Assets
December 30, 2022  |  Cryptocurrency

The Bahamas’ Securities Commission seized $3.5 billion from FTX just after the company’s bankruptcy. The regulator announced the seizure Thursday (Dec. 29), saying the cryptocurrency...

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