Latest News for: Bankrupt assets

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Broker-Dealer INX Joins Binance in Bidding for Voyager Assets

Decrypt 01 Dec 2022
Broker-dealer INX has joined Binance in submitting a non-binding letter of intent to buy distressed assets from bankrupt asset manager Voyager Digital.
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Trading Platform INX Digital Enters Race to Acquire Voyager Assets

Coinspeaker 01 Dec 2022
INX joins Binance, CrossTower, and others looking to acquire Voyager’s assets. Crypto trading platform INX Digital may be the latest firm to join the bidding competition for the bankrupt Voyager Digital’s assets ... But, shortly after the filing, a bidding war ensued between top crypto firms as they vied to acquire its assets.
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Sam Bankman-Fried says he doesn't know who took $515 million from FTX's accounts after its ...

Business Insider 01 Dec 2022
Ray III, the CEO appointed to oversee the company's bankruptcy, then confirmed that "unauthorized access to certain assets has occurred." ... He then explained that some assets were taken away by regulators and employees, but there was also unauthorized access, but that he did not know who by.
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Sam Bankman-Fried says he’s nearly broke after $26bn wipeout

Business Day 01 Dec 2022
The fallen crypto mogul held all his assets in his now-bankrupt FTX exchange and sister trading house Alameda Research, he said in a video interview with columnist Andrew Ross Sorkin at the New York Times’s DealBook Summit on Wednesday ... But if those assets were held through Alameda, they might have been wiped out by its losses.
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FTX Has Spurred a ‘Mass Exodus’ in Crypto. Some May Be Ditching Bitcoin Forever.

Barrons 30 Nov 2022
The crisis at now-bankrupt cryptocurrency exchange FTX and an ensuing meltdown in digital asset prices ...
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Broker-dealer INX makes bid for Voyager’s assets

The Block 30 Nov 2022
Broker-dealer and digital assets trading platform INX is making a play for bankrupt crypto lender Voyager Digital's assets. The company submitted a bid for the assets via a non-binding Letter of Intent (LOI), according to a company release ... Crypto exchange FTX.US initially won the bidding process for Voyager's assets in September.
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Brazil Approves Crypto Regulation Bill; Will This Pump Bitcoin?

CoinGape 30 Nov 2022
As per the new rules, bitcoin will be used as a digital representation of value that can be used as a means of payment and as an investment asset in the South American nation ... If a company goes bankrupt, those assets are returned to the consumer rather than being used to pay off creditors.
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Crypto lenders' woes worsen as bitcoin miners struggle to repay debt

Gulf News 30 Nov 2022
The liquidity crunch hitting digital-asset markets after FTX failed comes as low bitcoin prices, soaring energy costs and more competition weigh on miners ... What went wrong? Crypto lender BlockFi goes bankrupt in aftermath of FTX Binance's Zhao flags possible $1 billion for distressed assets.
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Just In: Blackrock CEO Larry Fink Says FTX Failed Due To FTT Token

CoinGape 30 Nov 2022
FTX News. Asset manager Blackrock is one of the big names associated with investments in bankrupt crypto exchange FTX ... “FTX failed because it created its own token.”. Also Read ... These comments from the Blackrock CEO assume huge prominence as the asset manager is the largest such company in the world ... ....
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LedgerX Preparing $175M Transfer to Bankrupt FTX: Report

Decrypt 30 Nov 2022
Since FTX slid into bankruptcy, a number of different parties have looked towards its remaining assets as part of attempts to pay back users and investors impacted by its debts. Yesterday, bankrupt crypto lender BlockFi filed a lawsuit against FTX founder Sam Bankman-Fried to ...
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“Look, I’ve Had a Bad Month”: At DealBook Summit, Sam Bankman-Fried Gets Grilled Over FTX Implosion 

Vanity Fair 30 Nov 2022
That’s not what matters here ... The fact that Bankman-Fried, or SBF as he’s known, showed up even virtually was news, given the former CEO of FTX, the now-bankrupt crypto currency exchange that allegedly used billions of dollars’ worth of customer assets to fund bets by Alameda Research, is currently the subject of multiple criminal investigations ... .
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Sam Bankman-Fried's Alameda Research owes more than $50,000 to a Bahamas resort inspired by Jimmy ...

Business Insider 29 Nov 2022
A Margaritaville location in Florida ... That's not great news for the Margaritaville Beach Resort in Nassau, Bahamas, to which Bankman-Fried's bankrupt trading firm, Alameda Research, owes more than $50,000 ... FTX and Alameda also bought stakes in dozens of crypto-related startups, at least one of which held assets in the now-bankrupt exchange ... ....
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FTX's Sam Bankman-Fried says he has 'close to nothing' left after $26B wipeout

Toronto Sun 29 Nov 2022
The fallen crypto mogul held all his assets in his now-bankrupt FTX exchange and sister trading house Alameda Research, he said in a video interview with columnist Andrew Ross Sorkin at the New York Times DealBook Summit on Wednesday ... But if those assets were held through Alameda, they might have been wiped out by its losses.
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Rahul Nanda quietly declared bankrupt in the UK

Hindustan Times 28 Nov 2022
The dashing and larger-than-life owner of Topsgrup, once India’s largest and highly sought after security company, Rahul Nanda has been declared bankrupt in the UK ... PNB claims Nanda has not fully disclosed his assets and liabilities even though he has been declared bankrupt.
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Research: Binance led 2017 ‘dumb money’ Bitcoin investment; FTX leads 2022 cycle

Cryptoslate 28 Nov 2022
Bitcoin (BTC) withdrawal patterns on centralized exchanges have changed significantly over the past five years ... Glassnode) ... Because they buy close to the peak, they end up selling or withdrawing when the value of the asset declines ... Also, FTX’s recent collapse saw retail traders massively withdraw their assets from the bankrupt exchange ... ....

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Meeting between Prime Minister Sanna Marin and Chancellor Scholz on 16 March 2022
Flickr / FinnishGovernment / CC BY 2.0 https://creativecommons.org/licenses/by/2.0/
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