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A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports … Read more
Cred sued Uphold in June 2022 over a jointly promoted crypto yield product called CredEarn. Go to Source Powered by WPeMatico
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
3AC co-founder Kyle Davies announceed regular meetings with creditors, noting all involved parties are welcome to attend. Go to Source Powered by WPeMatico
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
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
Four businesses up for sale as part of bankruptcy proceedings include Embed, LedgerX, FTX Japan and FTX Europe. Go to Source Powered by WPeMatico
The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022.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
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
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
