Multiple Silvergate lawsuits over alleged FTX ties combined by judge
Plaintiffs seeking damages from Silvergate’s collapse have joined forces with their respective lawsuits. Go to Source Powered by WPeMatico
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Tribe Capital considers reviving bankrupt crypto exchange FTX: Report
The venture capital company is reportedly considering spearheading a fundraising campaign to raise $250 million to revive FTX. Go to Source Powered by WPeMatico
NBA Hall of Famer Shaq Served in FTX Investor Suit
A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, of defrauding people who put money into FTX. Shaquille Served Legal Notice in FTX Lawsuit Outside His … Read more
FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers … Read more
FTX has recovered $7.3B in assets, will consider rebooting exchange in Q2 2023
Sam Bankman-Fried’s failed cryptocurrency exchange filed for bankruptcy in November 2022 and has since been mired in court proceedings. Go to Source Powered by WPeMatico
Swiss court gives green light for FTX to sell its European arm
The approval of a petition in Switzerland allowing FTX Europe AG’s sale would be in accordance with U.S. bankruptcy court, where FTX’s global business filed for Chapter 11. Go to Source Powered by WPeMatico
FTX’s bankruptcy lawyers and advisors pocket $32.5M in February
The reimbursement expenses for FTX’s massive team of legal professionals are just as exorbitant in February as they were the previous month. Go to Source Powered by WPeMatico
Bitcoin Proponents Accuse the New York Times of Publishing One-Sided ‘Hit Piece’ on Bitcoin Mining
After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while … Read more
Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange … Read more
Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard
On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital … Read more