FTX, Genesis reach in-principle agreement to settle bankruptcy case

FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement.

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Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution 

The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge representing their cases has affirmed the intent of the firms to put [...]

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Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge in three months. Coinciding with this development, [...]

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FTX customers names will remain sealed for now, rules judge

The decision comes after a Jan. 8 filing by FTX’s lawyers, who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors.

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Bahamas regulator denies asking crypto exchange FTX to mint new tokens

Bahamas regulator fights back against being ‘publicly challenged’ by FTX against incorrect calculations of digital assets transferred under its control

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Argentine Collector Gets the Green Light to Seize Digital Wallets of Defaulters

In this time the country needs to increase its collection to alleviate the severe financial crisis it is going through.

Continue reading Argentine Collector Gets the Green Light to Seize Digital Wallets of Defaulters at DailyCoin.com.

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SBF's inner circle received $3.2B, mainly from Alameda: Court filings

Billions worth of loans and payments flowed from FTX entities to Sam Bankman-Fried and five other former executives of FTX and Alameda Research.

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FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management

FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled by a small group of individuals who falsely claimed [...]

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