Category: FTX Bankruptcy
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FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show
More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day.
SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated.
Google to invest another $2B in AI firm Anthropic: Report
Google has already invested $500 million as part of the deal, while the outstanding $1.5 billion will be paid over time, according to the Wall Street Journal.
FTX creditor claims heat up as bankruptcy proceedings drive forward
The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday.
Toughen up. Mt. Gox’s ex-CEO only had a ‘little calculator’ to prepare for trial
Mark Karpelès was seemingly drawing parallels to Sam Bankman-Fried’s recent antics, claiming to have gotten through 20,000 pages of evidence in pre-trial detention with only a “simple calculator.”
FTX wallet shifts $10M in crypto, sparking fear of token dumps to come
The transfer of millions in altcoins has ignited concerns of FTX creating a potential dump across the crypto markets.
SBF denies witness tampering in effort to avoid jail
Lawyers for Sam Bankman-Fried claim that his alleged sharing of Caroline Ellison’s diary with the New York Times does not amount to witness tampering.
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FTX creditors unimpressed with exchange’s bankruptcy exit plan
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy.
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FTX reboot on the way: CEO holds talks with ‘interested parties’ — Report
FTX is inching closer to a potential reboot, with CEO John Ray reportedly opening up the floor to bidders looking to finance the new venture.
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