Ftx
FTX Bankruptcy Legal Costs Hit $118.1 Million in Three Months
FTX's bankruptcy lawyers and advisers earned an average of $118.1M in fees between August and October, with Alvarez and Marshall leading the charges.
TX Debtors Propose Amended Chapter 11 Plan: Cryptocurrency Claims Valued at Bankruptcy Date
FTX's debtors plan to value cryptocurrency claims based on their value at the time of the company's November 2022 bankruptcy, potentially impacting creditors due to market recovery.
IRS's $24 Billion Tax Claim Threatens Recovery for FTX Victims
The IRS's $24 billion tax bill against bankrupt FTX complicates recovery for victims, as FTX challenges the claim, claiming lack of basis and threats to compensation funds.
The Impact of Multifunction Crypto-Asset Intermediaries on Market Stability Post-FTX Collapse
The Financial Stability Board (FSB) report highlights the potential risks of multifunction crypto-asset intermediaries (MCIs) in crypto-asset markets, stating financial stability threats are limited.
Ex-FTX Execs Launch New Crypto Exchange Backpack
Former FTX executives, Can Sun, are launching Backpack Exchange in Dubai, aiming to raise $100 million for customer fund security and advanced technology.
SEC Chair Gensler Open to Lawful Revival of FTX
SEC Chair Gary Gensler emphasizes regulatory standards as FTX considers legal and compliant return, following founder Sam Bankman-Fried's conviction, marking a pivotal moment in crypto regulation.
Google Metadata Implicates SBF in Fraudulent Activities During Trial
The trial on Nov 1, 2023, revealed Google metadata evidence against SBF, revealing his creation of a spreadsheet listing fraudulent financial activities. This evidence, along with testimonies and online meetings, contradicted SBF's claims of ignorance.
FTX Former CEO Sam Bankman-Fried Grilled in Court Over Exchange's Risk Management Measures
FTX CEO Sam Bankman-Fried faced court examination on risk management after 2020 incident. BitMEX Research detailed discussions on "Allow Negative" code change, growth, and SBF's personal and professional entanglements.
Sam Bankman-Fried Dodges Questions on Alameda Debt Repayment Risks
FTX CEO Sam Bankman-Fried was questioned about using funds to repay Alameda's lenders, sparking discussions on risk management practices and potential user reputation implications.
BlockFi Triumphs Over Bankruptcy, Initiates Creditor Reimbursements
BlockFi, a cryptocurrency company, emerged from bankruptcy in October 2023 and has since implemented a plan to repay creditors and return digital assets to clients. The company is now focusing on asset recoveries from entities like FTX and 3AC, processing claims for fair distributions, and Wallet customers can withdraw assets.