Search Results: FTX (102)

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.