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Tag: chapter 11 bankruptcy

5 Tales from the Crypto: FTX Fallout and Making the Case for Keeping the Faith

The fallout over the collapse of cryptocurrency exchange FTX continues. On Friday, the embattled company filed for Chapter 11 bankruptcy protection, noting that...

Hackers Take $400 Million from FTX Crypto Exchange

FTX, the massive crypto exchange that recently went bankrupt, announced that it fell victim to a hack of over $400 million last week.  The crypto exchange filed for bankruptcy last week following questionable practices from its CEO and other executives. The threat actor was able to steal more than $400 million from FTX before the funds went […]

Crypto.com declines to say how much tokens it holds on its balance sheet even as CEO Marszalek tries to reassure customers their deposits are safe

“FTX is fine. Assets are fine,” Sam Bankman Fried said in a tweet on November 7 just four days before crypto exchange FTX filed for Chapter 11 bankruptcy. Virtually no one saw it coming except for a few people in […]

The post Crypto.com declines to say how much tokens it holds on its balance sheet even as CEO Marszalek tries to reassure customers their deposits are safe appeared first on Tech News | Startups News.

Binance CEO Warns of “Cascading Effects” of FTX at Indonesia’s Fintech Summit

The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO

The post Binance CEO Warns of “Cascading Effects” of FTX at Indonesia’s Fintech Summit appeared first on Fintech Singapore.

The Fall of FTX

With the devastating collapse of the FTX exchange, the digital asset industry has experienced the most shocking insolvency of a custodian since Mt Gox. In this report, we analyze the FTX bank run, seeking of safety in self-custody, and the response of Bitcoin's strongest hands.

FTX collapse could mean ‘cascade’ of failures in crypto sector

By Cornelius Christian   FTX, once the third largest crypto exchange by trading volume, collapsed over the past week as its native token, FTT, lost over 80 percent of its value. The firm has now filed for Chapter 11 bankruptcy protection, and its collapse could impact the entire crypto sector, said Ran Neuner, Host and […]

The post FTX collapse could mean ‘cascade’ of failures in crypto sector appeared first on Fintech News.

Wrapped Tokens Issued by FTX or Alameda Slumps, No Longer Redeemable


Following the filed Chapter 11 bankruptcy from FTX, the wrapped tokens issued by the crypto exchange or its sister trading shop Alameda Research have now undergone a price decline. (Read More)

The Times’ downtown L.A. printing facility will shut down in 2024

The Times will leave its downtown Los Angeles printing facility in 2024, ending an era of newspaper production at a sprawling plant that was...

Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade History

The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages...

Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid

According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been...

Voyager Stocks Crash 12% As Crypto Company Files For Bankruptcy

Voyager stocks crash 12% as the crypto company filed for bankruptcy in the US Bankruptcy Court in New York as we can see more...

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