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Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured … Read more
The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final. Go to Source Powered by WPeMatico
As it stands today, BUSD’s market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022. Go to Source Powered by WPeMatico
Crypto-friendly bank Silvergate has delayed its 10-K filing, which reveals the financial health of the company. The news has sent its stock price down 31%. Go to Source Powered by WPeMatico
The plaintiffs claim the Dolic and Ebel began to conduct unauthorized business activities when the corporate governance of its parent company, Enigma, collapsed. Go to Source Powered by WPeMatico
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York. Go to Source Powered by WPeMatico
Despite dismissing the case, the judge acknowledged the lawsuit reflects a potentially dangerous trend of fraudulent-like promotional schemes. Go to Source Powered by WPeMatico
The lending firm claims it’s having “constructive conversations with creditors” and plans to resolve the situation without the need for a bankruptcy filing. Go to Source Powered by WPeMatico
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX. Go to Source Powered by WPeMatico
According to a recent filing, Blackrock, the multi-national investment company based in New York City and the world’s largest asset manager, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The fund — dubbed the Ishares Future Metaverse Tech and Communications ETF — will track metaverse firms with exposure to virtual … Read more
