Latest News for: Bankrupt assets

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3AC Co-Founder Su Zhu Arrested at Singapore Airport: Report

Coin Edition 30 Sep 2023
Liquidator Teneo alleges the co-founders of not cooperating with the liquidators’ endeavor for asset recovery. Su Zhu, the co-founder of the bankrupt crypto hedge fund Three Arrows Capital, was reportedly arrested at Singapore ...
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Gemini confirms it withdrew $282M from Genesis to boost liquidity reserves in 2022

Cryptoslate 29 Sep 2023
Gemini has confirmed it withdrew $282 million of its Earn users funds from the bankrupt crypto lender Genesis in August last year into its liquidity reserve, according to a Sept ... The exchange explained that the withdrawal helped its users have $282 million less exposure to Genesis when the bankrupt lender halted redemptions in November last year.
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FTX’s $3.4B crypto liquidation: What it means for crypto markets

BitRSS 29 Sep 2023
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability ... .
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Fugitive founder of crypto hedge fund that lost $10 billion arrested in Singapore while attempting ...

CNBC 29 Sep 2023
Authorities have arrested crypto fugitive Su Zhu, co-founder of the bankrupt digital asset hedge fund Three Arrows Capital ... .
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Rishi Sunak blasts Labour-led Birmingham City Council for 'woefully mismanaged' finances

ITV 29 Sep 2023
Play Brightcove video ... It comes as Birmingham City Council effectively declared itself bankrupt, again last week, and questions continue to loom over whether the council will sell assets to balance the books ... He said ... .
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Judge Directs Bankrupt Crypto Lender BlockFi To Kick Off Partial Repayment to Customers: Report

The Daily Hodl 28 Sep 2023
The outcome of BlockFi’s legal battles against FTX, crypto hedge fund Three Arrows Capital and other bankrupt digital asset firms, though, could potentially increase creditors’ recoveries by up to $1 billion ... Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.
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Arts groups urge bankrupt Birmingham not to sell its heritage

The Observer 28 Sep 2023
After Birmingham city council declared itself in effect bankrupt this month, there has been growing speculation about what assets could be sold to help balance its books, with concern for the Library of Birmingham and the city’s main museum and art gallery ... “Cultural and heritage assets are incredibly precious and important parts of communities.
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‘Fire sale prices’: Biographer predicts Trump ‘may soon be personally bankrupt’ and could see his ...

Raw Story 27 Sep 2023
The judge ruled Trump had committed fraud for years, by massively inflating the value of his assets ... Retired Judge Barbara Jones was appointed to monitor the assets, an arrangement not unlike the court-supervised liquidation of a bankrupt company or the assets of a drug lord," Johnston writes.
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'Fire sale': Biographer predicts Trump 'may soon be bankrupt' and could see his assets 'liquidated'

Alternet 27 Sep 2023
The judge ruled Trump had committed fraud for years, by massively inflating the value of his assets ... Retired Judge Barbara Jones was appointed to monitor the assets, an arrangement not unlike the court-supervised liquidation of a bankrupt company or the assets of a drug lord,” Johnston writes.
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BlockFi’s path to repayment: A glimmer of hope for creditors

Cryptopolitan 27 Sep 2023
However, the amount that BlockFi’s unsecured creditors will receive hinges significantly on the outcome of BlockFi’s ongoing legal tussle with FTX and several other bankrupt cryptocurrency entities ... As digital asset lender company navigates these complex legal waters, it is being represented by two renowned law firms.
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SEC Skeptical of Coinbase’s Role in Crypto Lending Firm Celsius’ Bankruptcy Process

The Daily Hodl 27 Sep 2023
Celsius, a crypto lender, originally filed for bankruptcy in July 2022 after its native asset plummeted by over 99% and it was unable to fulfill customer withdrawals. The bankrupt lender’s most recent Chapter 11 entails using Coinbase as an agent to distribute crypto back to its former customers.
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Bankman-Fried asks judge for three suit jackets and slacks to wear at fraud trial

The Observer 27 Sep 2023
Bankman-Fried, 31, has pleaded not guilty to stealing billions of dollars in customer deposits from FTX, the now-bankrupt cryptocurrency exchange he founded in 2019. As he rode a boom in bitcoin and other digital assets to an estimated $26bn fortune, Bankman-Fried was known for ...
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Sam Bankman-Fried asks judge for suits to wear at trial

Reuters 27 Sep 2023
Bankman-Fried, 31, has pleaded not guilty to stealing billions of dollars in customer deposits from FTX, the now-bankrupt cryptocurrency exchange he founded in 2019. As he rode a boom in bitcoin and other digital assets to an estimated $26 billion fortune, Bankman-Fried was known ...
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'Jaw dropping': Tommy Tuberville slammed for 'white supremacy'

Alternet 27 Sep 2023
Senator Tuberville, the Alabama Republican who single-handedly has blocked well over 300 U.S. Military promotions, said the U.S ... Senate confirming him last week. Sen ... General Brown is the first African American to head a branch of the U.S. Armed Forces ... Biographer Predicts Trump ‘May Soon Be Personally Bankrupt’ and Could See His Assets ‘Liquidated’ ... Men.
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Anson And Cable Car Send Letter to MEI Pharma Stockholders

Enid News & Eagle 26 Sep 2023
Consequently, we question the Board’s judgment and its rationale for attempting to merge the Company with a near-bankrupt entity while the Company’s stock was trading well below net asset value ... We estimate the Company has far more net cash on hand than what is required to advance its early-stage assets to partnership discussions.

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