FTX estate sues KuCoin to recover over $50M in assets

The assets were initially valued at $28 million but now exceeded $50 million due to market fluctuations. The assets have been frozen by KuCoin since FTX's collapse in November 2022.

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TRON, Avalanche and InQubeta December price prediction with FTX set to sell $873M assets

Bankrupt crypto exchange FTX has received the green light to sell $873 million worth of assets to repay creditors. It is to be recalled that in June, FTX debtors estimated misappropriated customer assets to be worth $8.

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FTX Seeks Court Approval To Sell Grayscale And Bitwise Trust Assets Valued At $744 Million

To recover assets and funds, bankrupt cryptocurrency exchange FTX, under the guidance of appointed CEO John Ray III, has filed a new request with the US bankruptcy court of Delaware.  The filing seeks approval for the sale of trust assets held by digital asset manager Grayscale and crypto index fund manager Bitwise, estimated to be […]

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FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

Bankrupt crypto exchange FTX and its debtors have asked the U.S. Bankruptcy Court in Delaware to approve the sale of trust assets, funds of Grayscale and Bitwise amounting to an estimated $744m, through an investment adviser.

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FTX to Receive Approval to Liquidate $1.8 Billion Worth of These Crypto Assets: How Could It Affect Coin Prices?

Subsequent to FTX, formerly a prominent cryptocurrency exchange, filing for bankruptcy in November of the previous year, concerns have arisen regarding the exchange’s future and the management of its substantial crypto assets.

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FTX engages Galaxy Digital to oversee, sell, and hedge its crypto assets

Bankrupt exchange FTX wants to hire Mike Novogratz’s Galaxy to assist with selling, staking, and hedging its crypto assets. The proposed agreement would see Galaxy managing and trading certain digital assets owned by FTX to convert them into fiat currency or stablecoins.…

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FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy Lawyers

So far, $2.2 billion in assets have been identified in the wallets of accounts associated with FTX.com, of which only $694 million are in the most liquid assets.

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FTX has recovered over $5B in assets: report

A bankruptcy attorney for crypto exchange FTX revealed on Wednesday that the platform had located over $5 billion in assets. The new assets includes cash and liquid crypto, adding to the $1 billion initially announced in December.

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Regulators in the Bahamas Are Holding $3.5 Billion in FTX Customer Assets

Concerns over the security of assets in FTX custody prompted the Bahamian regulator to step in, a statement says.

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FTX to hire BitGo to safeguard its assets during bankruptcy

FTX’s bankruptcy proceedings continue, and the company has now asked a judge to allow it to hire BitGo to secure its assets. Bankrupt crypto exchange FTX has notified a federal judge that it wants to hire BitGo to safeguard the remainder of its digital assets as bankruptcy proceedings play out.

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Ripple Intends to Buy FTX's Assets

The San Francisco-based company is considering purchasing the assets of the failed FTX exchange

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Breaking: Bahamas securities regulator freezes FTX assets

The Bahamas Securities Commission said FTX's assets could not be moved without the approval of a Supreme Court-appointed liquidator.

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Bahamian Authorities Freeze FTX Assets

The Securities Commission of the Bahamas is taking action to freeze FTX’s assets. Regulators Step In Bahamanian regulators are taking swift action against FTX. TheNassau Guardianreported today that the Securities...

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Voyager hasn’t transferred any assets to FTX: UCC

Voyager’s Committee of Unsecured Creditors (UCC) has said that Voyager has yet to transfer any assets to FTX. The committee tweeted that the deal to have the bankrupt crypto lender sell its assets to Sam Bankman-Fried’s FTX has not been finalised.

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CoinShares’ $30.3 million assets stuck on FTX

Coinshares, in a recent statement today, revealed that it had lost $30.3 million to the FTX saga. The firm claimed to have held BTC and ETH with the firm but still affirmed it was financially stable.

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Justin Sun Only Promises to Save His Own Community From the FTX Fiasco

Tron CEO Justin Sun has promised to help FTX’s customers holding any of Tron’s five tokens to swap assets to external wallets. The post Justin Sun Only Promises to Save His Own Community From the FTX Fiasco appeared first on BeInCrypto.

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Bitcoin Eyes $18K Following Good US Inflation Report

The crypto market and Bitcoin trend over the past few days have been entirely unexpected. The market is feeling the heat from the bears as most of the crypto assets took to the south. Moreover, the FTX crisis has increasingly brought a different contagious negative performance in the space.

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Which Coins Will FTX And Alameda Dump Next? Red Flag for Solana (SOL)

Following the FTT token, Solana (SOL) in particular is currently suffering a massive price slump. As a report revealed last week, the SOL token is one of the major assets on FTX’s balance sheet.

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FTX: What Happened And Why?

As crypto’s 2nd largest exchange tetters on the edge, investigations reveal a now all too familiar story of disproportionate reliance on illiquid assets of questionable real-world value.

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FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter

Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”

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“FTX is fine, assets are fine” says SBF

Sam Bankman-Fried, the head of FTX, responded to Changpeng Zhao, the CEO of Binance, following the company’s announcement regarding the $2.1 billion sale of FTT. CZ vs. SBF According to Changpeng Zhao, the CEO, and co-founder of Binance, the company…

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First Mover Asia: FTX's Sam Bankman-Fried Talks Consumer Protection and Crypto Titans Clash

Consumer protection and regulation are key ingredients to transforming digital assets into an asset class worth trillions. The FTX exchange's Sam Bankman-Fried weighs in. Meanwhile, FTX's FTT token takes a dive after rival Binance announces plans to dump its remaining holdings.

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First Mover Asia: SBF Talks Consumer Protection and Crypto Titans Clash

Consumer protection and regulation are key ingredients to transforming digital assets into an asset class worth trillions. The FTX exchange's Sam Bankman-Fried weighs in. Meanwhile, FTX's FTT token takes a dive after rival Binance announces plans to dump its remaining holdings.

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Alameda CEO Justifies Company’s Financial Situation

According to a confidential document acquired, Alameda had $14. 6 billion in assets as of June 30. Most of it, however, comes from FTX, another Bankman-Fried company that created the FTT token.

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Alameda sells over $200M in stablecoins to exchanges; FTT token comprises majority of its $14B in assets

Arkham’s intelligence dashboard revealed that FTX’s sister company Alameda Research sold $284 million worth of stablecoins to crypto exchanges between October 31 and November 2, according to data analyzed by CryptoSlate.

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Court approves FTX’s $1.4 billion purchase of Voyager Digital’s assets

A US federal bankruptcy court has approved the planned sale of crypto lender Voyager Digital’s assets to FTX US. A restructuring update Voyager published on Friday noted that the bankruptcy judge in the Southern District of New York had approved FTX’s $1.

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Voyager [VGX]: Creditors oppose the immunity plan, details inside

Following the confirmation of FTX as the winner of the auction for the assets of bankrupt crypto brokerage Voyager Digital Ltd, its creditors have challenged the proposed plans to offer the company’The post Voyager [VGX]: Creditors oppose the immunity plan, details inside appeared first on AMBCrypto.

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Voyager Digital's Creditors Push Back Against Plans to Provide Execs With Legal Immunity

Bankrupt crypto lender Voyager’s plans to sell its assets to FTX US for $1.4 billion have so far gone relatively smoothly, but one major catch emerged on Wednesday – Voyager’s executives have included sweeping legal immunity for themselves in the proposed sale agreement.

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Will FTX Grab The Opportunity To Buy Celsius Assets As Final Bid Date Nears

Due to the long bearish reign, the crypto industry recorded several bankruptcy calamities in some crypto firms, Celsius happened to be one of the failing firms battling bankruptcy hearings. But it seems the Celsius Network would pack up for good this time.

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Justin Sun pulls an FTX and offers to buy ailing Credit Suisse’s assets

TRON-founder Justin Sun tweeted an offer to buy assets or shares in Credit Suisse to bring it into Web3. The post Justin Sun pulls an FTX and offers to buy ailing Credit Suisse’s assets appeared first on CryptoSlate.

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FTX will pay fair market value for Celsius, SBF says

FTX CEO Sam Bankman-Fried said his firm would pay a “fair market price” for Celsius’ assets if it gets involved in the bankrupt lender acquisition process in an October 2 tweet. The post FTX will pay fair market value for Celsius, SBF says appeared first on CryptoSlate.

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Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid

The FTX founder said the company paid the “fair market price” for Voyager’s assets and would look to do the same in a deal for Celsius' assets.

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FTX To Pick Up Voyager Digital's Assets for $1.4 Billion

After a short auction process, failed crypto lender Voyager Digital says FTX US will acquire its cryptocurrency holdings and other assets for around $1.4 billion.

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FTX Bags Voyager Digital Assets After Highly Competitive Bidding Process

FTX has won the bid to absorb cash-beleaguered crypto lender Voyager Digital, beating crypto exchanges Binance and CrossTower. According to a Monday announcement, FTX won after placing a $1. 422 billion bid, with Voyager describing the sale as “the best alternative for Voyager stakeholders.

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FTX reportedly considers bailing out Celsius via asset bid

Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion.

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FTX Wins Voyager Digital’s Asset Auction

Bankrupt crypto lender Voyager Digital announced today that FTX had won its assets at auction. FTX Wins Voyager Auction FTX has won Voyager Digital’s assets. According to an announcement, FTX’s...

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Voyager: As FTX.US acquires all assets, the future of VGX still remains a mystery 

The crypto brokerage and lender Voyager Digital faced severe tides since it filed for bankruptcy proceedings on 6 July 2022. Impacted by the collapse of Three Arrows Capital (3AC), Voyager Digital, inThe post Voyager: As FTX.

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FTX Wins Bid To Acquire Crypto Assets Of Bankrupt Voyager Digital

Voyager Digital had been one of the worst-hit crypto lenders of the lender crisis that rocked the market back in Q2 2022. After the lender filed for bankruptcy during the height of the crisis, there had been restructuring plans put in place.

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FTX wins bid to acquire bankrupt Voyager’s assets

Crypto exchange FTX US will acquire bankrupt crypto lender Voyager Digital LLC’s digital assets. The post FTX wins bid to acquire bankrupt Voyager’s assets appeared first on CryptoSlate.

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Embattled Crypto Broker Voyager To Sell Assets To Sam Bankman-Fried’s FTX For $1.4B

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FTX Set To Acquire Voyager’s Digital Assets After the Completion of Auction Process

Voyager Digital LLC recently announced an agreement with FTX exchange, one of the leading competing bidders since the beginning of the auction, which will see the latter take full ownership of Voyager’s digital assets after a successful auction process. The…

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FTX US wins bid to acquire Voyager Digital’s assets

FTX US’ successful bid for Voyager Digital’s is reported at $1.422 billion. Voyager says… The post FTX US wins bid to acquire Voyager Digital’s assets appeared first on CoinJournal.

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FTX Wins Bid to Buy Crypto Lender Voyager Digital's Assets Out of Bankruptcy

FTX US's bid is valued at approximately $1.422 billion, according to a Voyager press release late Monday Eastern time.

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FTX Will Acquire Bankrupt Voyager Digital Assets for $1.4 Billion

Crypto billionaire Sam Bankman-Fried’s FTX exchange has won the auction for the assets of bankrupt digital assets lender Voyager Digital. The post FTX Will Acquire Bankrupt Voyager Digital Assets for $1.4 Billion appeared first on BeInCrypto.

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FTX US wins auction for Voyager Digital’s assets

Voyager hints that its customers will eventually transition to the FTX platform after it finishes its Chapter 11 bankruptcy proceedings.

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FTX Wins Auction For Voyager Digital Assets, Valued Over $1B

Voyager Digital has officially completed it’s auction for acquisition, with powerhouse exchange FTX securing the winning bid, according to emerging reports (and confirmed via press release) in recent hours.

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FTX, Binance and CrossTower are competing to buy Voyager Digital assets — Source

FTX and Binance reportedly seek to transition existing Voyager customers to their platforms whereas CrossTower has proposed to keep the existing Voyager platform and app.

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Bankrupt lender Voyager gets top bids by these heavyweights

According to those with knowledge of the situation, FTX and Binance have offered the highest offers for the assets of defunct cryptocurrency lender Voyager Digital Ltd., VYGVQ -5.89%, but neither offeThe post Bankrupt lender Voyager gets top bids by these heavyweights appeared first on AMBCrypto.

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Binance and FTX Bids Highest on Acquisition of Bankrupt Voyager Digital’s Assets

Binance, the leading digital currency exchange, went on a bidding battle against Billionaire Sam Bankman-Fried’s FTX crypto exchange to acquire a bankrupt crypto lending platform Voyager Digital’s frozen assets.

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