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CATEGORY: financial recovery

Nigerian official advocates blockchain, AI against illicit financial flows
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jun 30, 2024 12:00

Nigerian official advocates blockchain, AI against illicit financial flows

The financial watchdog chair said that if recovered, the funds could significantly enhance infrastructure, healthcare and education across the continent.

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FTX Seeks Court Approval to Sell $175M Genesis Claim Amid Bankruptcy Proceedings
Hong Kong
Source: Blockchain News
Feb 05, 2024 02:15

FTX Seeks Court Approval to Sell $175M Genesis Claim Amid Bankruptcy Proceedings


FTX has filed a motion in Delaware court to sell a $175 million claim against bankrupt Genesis Global Capital, aiming to optimize returns from the sale. The move is part of FTX's broader strategy to manage its financial recovery post-collapse, with the proposed sales procedure designed to ensure maximum value from the claim amidst Genesis's ongoing legal and financial challenges. (Read More)

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