Search Results: FTX (102)
The crypto exchange OKX has committed to cooperate and return over $157 million in frozen FTX funds to the bankruptcy team.
Galois Capital is another hedge fund that has become one of the most prominent victims of the FTX collapse. According to the Financial Times, it has decided to shut down and cash out investors.
The judge overseeing FTX’s bankruptcy proceedings has approved the sale of LedgerX and some of its assets by the embattled cryptocurrency exchange to aid in its creditor repayment efforts. Judge John Dorsey has approved the sale of four key units of FTX, according to a Delaware bankruptcy court filing.
BlockFi announced it would file financial information on Jan. 11. The info will cover assets, liabilities, and payments made before the bankruptcy filing. The exchange has been working on financial restructuring since the filing.
According to a court filing, the US Department of Justice (DOJ) has, through a holding company, seized more than 55 million shares of Robinhood (HOOD) held by Sam Bankman-Fried and FTX co-founder Gary Wang. Based on HOOD’s closing price of $8.25 on Friday, these shares are worth just over $456 million.
The US prosecutors have urged FTX victims to send them an email. The prosecutors also launched a website where they can communicate with the victims.
The SEC General Counsel has announced that he will depart the agency in January. Berkovitz reportedly had at least one recent dinner with former FTX CEO – Sam Bankman-Fried.
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to charges tied to FTX’s collapse, U.S. Attorney Damian Williams announced Wednesday night.
Amid the heated-up news about the FTX drama, Ripple CEO Brad Garlinghouse has tried to turn the public’s attention to Wells Fargo money mismanagement. A $3.7 billion fine for mismanagement at Wells Fargo bank was treated as, in Garlinghouse’s words, barely a blip on the radar.
In two separate statements this week, the finance watchdogs of Hong Kong and Canada warned investors of risks associated with crypto providers. Both countries are beginning to introduce and expand crypto regulations to fight back.