2023-3-8 08:03 |
Millions have been invoiced from a host of law firms, investment bankers, consultants and financial advisers in FTX’s bankruptcy case.
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Consultancy firms and lawyers handling FTX’s bankruptcy have charged the failed exchange over $145 million for their five-month services, according to court filings. The companies involved in FTX’s bankruptcy case include law firms Sullivan & Cromwell, Landis Rath & Cobb, and Quinn Emanuel Urquhart & Sullivan.
2023-5-2 14:30 | |
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Coinspeaker FTX’s Plans to Restart Operations, Attracts Investments from VC Firms VC firm Tribe Capital is also considering leading the $250-million fundraising campaign, anchored by $100 million from itself and its limited partners.
2023-4-19 14:24 | |
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The crypto market continues to lurch from the recent Silvergate crisis. Most recently, the crypto-focused bank, Silvergate, had delayed filing its annual 10-K report with the Securities and Exchange Commission (SEC), which has aggravated its downfall, which was previously precipitated by the collapse of FTX last year.
2023-3-3 15:30 | |
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The episode highlights yet another chokepoint for the blockchain industry: It's become harder for crypto startups to enlist big accounting firms to do audits and asset attestations.
2023-3-1 16:53 | |
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The approval Tuesday means a new regime cast in the wake of the FTX collapse will pass into law.
2023-3-1 20:23 | |
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Visa and Mastercard have put their plans to establish new partnerships with digital asset firms on hold, dealing another blow to beleaguered crypto industry after bankruptcies of FTX and BlockFi
2023-3-1 16:36 | |
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The fall of the market in 2022 hit the confidence of venture firms in the profitability of blockchain games, analysts found. The decline of the market in 2022 significantly affected the sponsorship of blockchain games.
2023-2-25 21:03 | |
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The trouble deepens for FTX Series B Investors and the former team of bankrupt lending protocol Celsius as they fight more legal battles. The post Knives out for Celsius and FTX as Separate Actions Accuse Firms of Hyping Projects appeared first on BeInCrypto.
2023-2-16 16:00 | |
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It’s a “tricky case,” as it is unknown what obligation these firms had to “completely separate investors,” suggests a crypto lawyer.
2023-2-15 09:21 | |
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The collapse of the FTX exchange may have been the worst sting ever for the crypto industry since it continues to cause more crypto companies to collapse. The latest victim is Genesis Global, which filed for bankruptcy under Chapter 11 of the US bankruptcy act.
2023-2-9 21:25 | |
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Alameda Research filed for Chapter 11 bankruptcy in November. The defunct Sam Bankman-Fried’s crypto trading house filed for bankruptcy alongside FTX and other affiliated firms. Wallets linked to the firm have suddenly resurrected and transferred millions of FTT tokens.
2023-2-9 16:46 | |
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The collapse of the crypto exchange FTX last year shook the industry. The exchange was among the top in the industry, with many investors and firms as users. However, following FTX’s filing for bankruptcy, the investors lost access to their funds on the platform.
2023-1-26 21:00 | |
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On Jan. 25th, FTX lawyers revealed a creditor matrix listing airlines, numerous tech firms, government entities, and charities caught up in its collapse, excluding the other 9. 6 million affected customers.
2023-1-26 14:29 | |
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The over 100-page long document lists every entity FTX owes money to, from Big Tech players to local businesses near its Bahamian headquarters.
2023-1-26 07:09 | |
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2023-1-26 19:53 | |
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After crypto exchange FTX's bankruptcy proceedings revealed poor segregation of customer funds, the New York regulator is reminding service providers to keep clean records.
2023-1-24 18:27 | |
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Lawyers, accountants and other financial professionals should have stepped in to halt the fatal mistakes going on inside crypto firms such as FTX long before they imploded, said Christy Goldsmith Romero, a commissioner with the U.
2023-1-19 00:00 | |
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Paul Hastings beat out multiple law firms that pitched to lead legal work in the bankruptcy proceedings.
2022-12-22 15:48 | |
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FTX imploded back in November and there have been a number of developments since then. The effect of the crypto exchange’s collapse is still being felt by both users and companies in the space, and the most recent development shows that the contagion is far from over.
2022-12-20 02:00 | |
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The collapse of Bahamas-based FTX triggered a sense of distrust for centralized exchanges in the crypto industry. This was followed by increasing demands for transparency regarding the assets, liabiliThe post Major accounting firms are steering clear of crypto audits appeared first on AMBCrypto.
2022-12-16 18:00 | |
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The firms work with prominent crypto exchanges such as Binance, KuCoin, Crypto.com, Gate.io, OKX and FTX.
2022-12-17 16:22 | |
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Michael Novogratz, CEO of Galaxy Digital investment firm, urged the cryptocurrency community not to wait for the obligatory “black swan” when investing in crypto firms. “Black Swan” is a term describing an event that had an extremely negative impact on the shares of a company, or on the entire market at once.
2022-12-17 15:08 | |
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The crypto firms and individual investors will play a key role in representing the issues of the million or so potentially owed money by Sam Bankman-Fried’s company
2022-12-16 19:32 | |
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The crypto firms and individual investors will play a key role in representing the issues of the million or so potentially owed money by Sam Bankman-Fried’s company
2022-12-17 19:32 | |
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Ashley Alder, who is currently the CEO of Hong Kong’s Securities and Futures Commission (SFC) will be starting with the Financial Conduct Authority on Feb. 20.
2022-12-16 14:28 | |
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Goldman Sachs plans to splash “tens of millions of dollars” on investments or buyouts in crypto firms after the FTX collapse hit last month and suppressed investor interest. The FTX collapse and subsequent contagion across major lending firms had elicited calls for more regulatory oversight on players, assuring big banks of the sector’s stability. In […]
2022-12-15 23:12 | |
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In the aftermath of the FTX fiasco, the world’s largest crypto exchange is rushing to backstop failing firms and protocols. Should it?
2022-12-13 17:26 | |
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2022-12-11 00:47 | |
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Amber Group, one of Asia's most prominent cryptocurrency trading and lending firms, has discontinued its retail operations and severed its sponsorship agreement with Chelsea F.C.
2022-12-9 14:42 | |
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“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.
2022-12-9 21:30 | |
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The chairman said the agency has the basic disclosure and governance requirements to hold digital-asset firms accountable, although he did not address the fallout from crypto exchange FTX’s collapse.
2022-12-8 01:03 | |
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As crypto firms continue to collapse in the wake of FTX, one group in particular has been benefitting: bankruptcy lawyers. The post Bankruptcy Law Firms Boom as Crypto Firms Go Bust appeared first on BeInCrypto.
2022-12-3 22:00 | |
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Sam Bankman-Fried, the founder the recently failed FTX, lobbied for more digital asset regulations in February. Sam sought regulatory oversight by the CFTC instead of the SEC. This move is aimed at regulating crypto usage among firms and investors while…
2022-12-2 22:34 | |
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The US Senate has also spoken out about the collapse, leading to the introduction of comprehensive cryptocurrency legislation. The post Binance Plays Chess With Troubled Crypto Firms Struck by FTX Contagion appeared first on BeInCrypto.
2022-12-1 15:30 | |
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While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF.
2022-11-30 08:48 | |
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Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator's probe into protections the firms had in place if a failure similar to FTX’s occurred again.
2022-11-30 00:45 | |
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Binance.US and Coinbase (COIN) are on a list of crypto companies questioned this week by the chairman of the U.S. Senate Finance Committee about how they protect the investors using their services in light of the widespread damage caused by the fall of FTX.
2022-11-30 22:46 | |
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The FTX downturn is gradually spreading to more cryptocurrency firms as BlockFi is the next firm to file for bankruptcy. The post BlockFi becomes another victim of the FTX collpase with bankruptcy filing appeared first on CryptoSlate.
2022-11-29 19:32 | |
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FTX’s bankruptcy has resulted in a daunting downturn for several crypto-related companies and non-crypto companies globally.
2022-11-28 21:24 | |
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In the wake of the FTX crisis, proof of reserves has been a trending topic, and it seems when firms are unwilling to provide it, analysts may step in.
2022-11-26 07:37 | |
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The downfall of the FTX exchange has caused a domino effect: a growing list of crypto firms, such as BlockFi and Genesis, halting withdrawals. CoinDesk counts 15 of these announcements just this year.
2022-11-24 22:23 | |
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The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange.
2022-11-23 11:30 | |
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The collapse of the FTX exchange, a once “sound” crypto exchange, has sent new shivers in the sector. For a once thriving crypto exchange that was bailing out struggling firms, the collapse was least expected.
2022-11-23 20:34 | |
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2022-11-23 19:06 | |
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An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto firms Alameda Research and FTX over the past year.
2022-11-22 22:48 | |
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A curated weekly summary of forward-focused crypto news that matters. This week, the FTX collapse drives the price of Bitcoin to new lows, FTX contagion causes connected crypto firms to tremble, and assets flow out of exchanges as traders lean towards self-custody.
2022-11-22 14:01 | |
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Multicoin said they expect to see the contagion fallout from FTX/Alameda over the next few weeks, and many trading firms will be wiped out and shut down.
2022-11-19 02:24 | |
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In a letter to its investors, one of the industry’s most notable crypto venture firms, Multcoin Capital, has revealed its thesis for the coming weeks. Managing partners Kyle Samani and Tushar Jain write in a 3,400-word letter that the FTX fiasco does not spell doom for the crypto industry, as critics like Peter Schiff and Nassim Taleb recently did.
2022-11-19 16:04 | |
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According to Jump Crypto, the firm is “one of the most well-capitalized and liquid firms in crypto.”
2022-11-18 00:30 | |
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