Uphold exchange denies owing millions to failed crypto lender Cred
Cred sued Uphold in June 2022 over a jointly promoted crypto yield product called CredEarn. Go to Source Powered by WPeMatico
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Miami-Dade gains right to remove FTX name from Heat arena
County officials negotiated with the crypto exchange in 2021 to name Miami Heat’s arena FTX Arena until 2040, for $135 million. Go to Source Powered by WPeMatico
Three Arrows Capital creditors express frustration with bankruptcy process during call
3AC co-founder Kyle Davies announceed regular meetings with creditors, noting all involved parties are welcome to attend. Go to Source Powered by WPeMatico
It’ll be OK: DCG crisis likely won’t ‘include a lot of selling’ — Novogratz
Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, said Novogratz. Go to Source Powered by WPeMatico
US lawmakers call on court to approve ‘independent examiner’ in FTX bankruptcy case
Four U.S. Senators said Sullivan & Cromwell was “simply not in a position to uncover the information needed to ensure confidence in any investigation or findings” regarding FTX. Go to Source Powered by WPeMatico
FTX subsidiaries on auction block including LedgerX attract 117 interested buyers
Four businesses up for sale as part of bankruptcy proceedings include Embed, LedgerX, FTX Japan and FTX Europe. Go to Source Powered by WPeMatico
BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11
The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022. Go to Source Powered by WPeMatico
Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed
The bankrupt brokerage answered objections from a host of interested parties, claiming its information disclosures are adequate and so is its decision making. Go to Source Powered by WPeMatico
FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents
Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on living accommodations, hotels, food, and flights. Moreover, SBF’s quantitative trading firm allegedly owes more than $55,000 to Jimmy … Read more
FTX asset sales challenged by U.S. Trustee: Report
A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses. Go to Source Powered by WPeMatico
