Latest News for: Bankrupt assets


Bankrupt crypto lender Celsius used Quickbooks for its accounting just like FTX, report says

Business Insider 01 Feb 2023
Celsius went bankrupt last year as the so-called "crypto winter" engulfed the digital-asset market. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Bankrupt crypto lender Celsius used QuickBooks to log its finances just like FTX ... Bankrupt crypto lender Celsius used QuickBooks to log its finances – just like FTX.

Celsius publishes eligible users’ list for withdrawals

Cryptoslate 01 Feb 2023
Bankrupt crypto lender Celsius published the name of its users who are eligible to withdraw 94% of their assets from its platform, according to a Jan ... The published list contained the kind of crypto assets owed to each customer and the amount ... Meanwhile, the bankrupt lender said ...

Alameda seeks return of more than 50 billion yen from Voyager

Bitcoin Warrior 01 Feb 2023
Complaint seeking return of approximately 58 billion yen Alameda ...

FTX sues Voyager Digital to claw back $446 million in 2022 loan payments

Financial Express 31 Jan 2023
... due diligence in cryptocurrency investment funds like Alameda and Three Arrows Capital.” Three Arrows Capital also went bankrupt in 2022, and its founders have refused to cooperate with court-appointed liquidators who are trying to recover assets for Three Arrows customers.

NYDFS investigating Gemini over FDIC-related claims

Cryptoslate 30 Jan 2023
30. Gemini Earn users are collectively owed $765.9 million by bankrupt Genesis. Some of these users claim they were misled by Gemini since they believed their assets to be backed by the FDIC ... Federal law prohibits businesses from knowingly misrepresenting the extent of FDIC coverage ... ....

US SEC Inquires Investment Advisers Over Crypto Custody: Report

CryptoPotato 28 Jan 2023
The United States Securities and Exchange Commission (SEC) is targeting investment advisors for potentially offering digital asset custody to its clients without meeting proper criteria ... Typically, clients’ digital assets are stored with a third party ... to protect the assets.

Anthony Scaramucci’s Skybridge Capital Suffers 39% Loss in 2022 Amid Brutal Crypto Bear Market: Report

The Daily Hodl 28 Jan 2023
According to a new Bloomberg report, SkyBridge’s biggest fund went down 39% on the year due to investments in slumping digital assets and bankrupt crypto exchange FTX ... Despite the heavy losses, Scaramucci continues to extol the virtues of crypto assets, arguing that now is a good time to invest in them.

For US crypto firms, FTX crash shows benefits to staying home

San Francisco Examiner 28 Jan 2023
... assets that should be regulated as securities but weren't. Last year, the company added a new public disclosure for clients, saying essentially that they could lose their assets if Coinbase goes bankrupt, following a new SEC rule requiring crypto companies to disclose such risk.

Binance, Bank to the Future among secret bidders of Celsius assets – Tiffany Fong

Cryptoslate 27 Jan 2023
Crypto journalist Tiffany Fong has named five crypto firms, including Binance, Bank to the Future, and Galaxy Digital, as secret bidders of bankrupt Celsius Network’s assets ... On the other hand, investment firm Novawulf proposed to transfer all Celsius assets to NewCo.

FTX Attorneys To Drag SBF’s Parents And Brother In Questioning About Their Personal Wealth

Bitcoinist 27 Jan 2023
The tragedy of FTX appears to be becoming more personal, as the bankrupt exchange’s legal counsels are now ... According to reports, other FTX executives may be subject to the same inquiry in an attempt to locate assets associated with the bankrupt cryptocurrency exchange.

Sam Bankman-Fried’s Parents Aren’t Cooperating Enough in FTX Probe, Says Lawyer

Coinspeaker 27 Jan 2023
The legal filing submitted by FTX and creditor representatives .. “The Debtors and their advisors have been working tirelessly and nonstop over the last 70 plus days to implement controls, recover and protect estate assets ... In order to track down the assets tied to the bankrupt crypto exchange, other executives might face similar questioning.

The New York Times, Stanford University, Coinbase and Netflix are among FTX's laundry list of ...

Business Insider 26 Jan 2023
FTX attorneys says the bankrupt firm has recovered $5 billion of liquid assets ... Huge firms and institutions like Netflix, fitness company Peloton, and Stanford University are waiting to get funds back from Bankman-Fried's bankrupt firm ... Securing assets to distribute to creditors ...

With eyes on FTX bankruptcy, US regulator seeks more due diligence authority

Live Mint 26 Jan 2023
A top official with the U.S ... Her statements, prepared for a speech given at Duke University last week, come as bankrupt crypto exchange FTX prepares to sell assets including LedgerX, a digital currency futures and options clearing house registered with the CFTC ... He has pleaded not guilty ... .

Is Bitcoin dead? A look at the cyclical nature of crypto markets

Bitfinex 26 Jan 2023
Even with the astonishingly high rates of failure in the crypto markets, with an extensive list of examples of dead coins, failed projects, and formerly billion dollar startups going bankrupt, it is apparent to anyone that’s been paying attention that the overall crypto asset industry is here to stay.

BlockFi Has $1.2 Billon FTX, Alameda Exposure

Finance Magnates 25 Jan 2023
These figures are much higher than previous public disclosures.</p><p>Earlier, BlockFi's lawyers revealed that the bankrupt crypto lender only had a $671 million loan to Alameda and an additional $355 million in digital assets frozen on the FTX platform.

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In this handout photo taken from video released by Russian Defense Ministry Press Service on Wednesday, Oct. 26, 2022, a Sineva intercontinental ballistic missile is test-fired as part of Russia's nuclear drills by a Russian nuclear submarine from the Barents Sea.
AP / Russian Defense Ministry Press Service
22 April 2021, Margrethe Vestager, Executive Vice President of the European Commission for A Europe Fit for the Digital Age, and Vera Jourova, Vice President of the European Commission for Values and Transparency, during Meeting of the College of Commissioners: Orientation debate on the Fit for 55 initiatives, Brussels, Belgium.
European Community / Etienne Ansotte