bankruptcy

Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy

Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
November 22, 2022  |  Cryptocurrency

Cryptocurrency brokerage Genesis has reportedly said it may file for bankruptcy if it doesn’t raise at least $1 billion in new funding.  The firm has...

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FTX Liquidators in Bahamas Move Case From New York to Delaware
FTX Liquidators in Bahamas Move Case From New York to Delaware
November 22, 2022  |  Cryptocurrency

Bahamian liquidators who had filed a case related to the bankruptcy of FTX in New York have agreed to transfer that case to Delaware, where...

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FTX’s First Day in Court: ‘Personal Fiefdom of Sam Bankman-Fried’
FTX’s First Day in Court: ‘Personal Fiefdom of Sam Bankman-Fried’
November 22, 2022  |  Cryptocurrency

Almost a full two weeks after first filing for bankruptcy on Nov. 11, the insolvent cryptocurrency exchange FTX finally held its first-day motion requests on...

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Crypto Contagion Sends Coins and Companies Tumbling
Crypto Contagion Sends Coins and Companies Tumbling
November 22, 2022  |  Cryptocurrency

FTX continues to be an industry “market maker” from beyond the grave, as the realities of entangled counterparty risk rear their heads throughout the cryptocurrency...

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Alameda Co-CEO Compared Crypto Trading With Gambling in Twitter Thread 
Alameda Co-CEO Compared Crypto Trading With Gambling in Twitter Thread 
November 22, 2022  |  Cryptocurrency

The former Co-CEO of Alameda Research reportedly enjoyed poker and blackjack and applied what he learned to the firm’s cryptocurrency trading.  Sam Trabucco — who hasn’t...

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FTX Uncovers $1.24B in Cash Ahead of Bankruptcy Hearing
FTX Uncovers $1.24B in Cash Ahead of Bankruptcy Hearing
November 22, 2022  |  Cryptocurrency

New managers at cryptocurrency exchange FTX have found the company and its affiliates have $1.24 billion in cash — more than what debtors had previously...

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FTX Bankruptcy Hearing to Start in US Court as Creditors Wait for Answers
FTX Bankruptcy Hearing to Start in US Court as Creditors Wait for Answers
November 21, 2022  |  Cryptocurrency

It has not been a pleasant month for troubled crypto trading platform FTX, which until recently was one of the largest industry players. Things have...

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Alameda Research Made Loans to Sam Bankman-Fried and FTX Execs 
Alameda Research Made Loans to Sam Bankman-Fried and FTX Execs 
November 17, 2022  |  Cryptocurrency

FTX-affiliated trading firm Alameda Research reportedly made $4.1 billion in combined loans to “related parties,” with the majority going to then-FTX CEO Sam Bankman-Fried, one...

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