Bankruptcy
Bitcoin Slips Below $21K After Surging to Four-Month High
Just hours after surging to a four-month high, bitcoin (BTC) is back below the $21,000 threshold. This comes as Genesis Global Capital is laying the groundwork for a bankruptcy filing, according to multiple reports. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day. DCG is the parent company of CoinDesk and Genesis.
Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports
The collapse of FTX in late 2022 may have been the final straw for Genesis, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
FTX Debtors Give Details on Digital Assets Identified So Far
The FTX Debtors group has identified $1.6 billion of digital assets associated with FTX.com and $181 million connected to FTX US.
DOJ Objects to FTX’s Choice of Lawyers, Citing Conflict of Interest
The US Trustee joins Sam Bankman-Fried and Senators in voicing concern over Sullivan and Cromwell’s previous relations with the crypto exchange
Crypto Bankruptcies Are Very Complicated
The FTX, Voyager, Celsius and BlockFi bankruptcy proceedings are proving how complicated they really are.
Hodlnaut Creditors Seek Liquidation, Reject Restructuring Plan: Bloomberg
The restructuring plan would have allowed Hodlnaut directors who were at the helm during its collapse to continue managing the company.
Sam Bankman-Fried Blogs Like a Crypto Robin Hood, but in Court He's Not So Charitable
The FTX founder’s claimed largesse about giving his funds away contrasts with a legal battle to keep control of $450 million in shares – that were paid for a loan from Bankman-Fried’s Alameda Research
FTX Loan Wiped Out $800M in BlockFi Executives’ Equity, Court Filing Reveals
The crypto lender released extensive details of financial transactions in the run-up to its own collapse in November.
Judge Allows FTX Creditor Names to Remain Sealed for Now
Wilk Auslander LLP Partner Eric Snyder joins "All About Bitcoin" to discuss the latest developments of FTX's bankruptcy hearings, with a focus on the crypto exchange recovering assets worth more than $5 billion and a bipartisan letter written by U.S. senators sent a letter to the judge in the FTX bankruptcy case calling for an independent examiner to be appointed. Plus, Snyder shares his thoughts about the judge allowing a list of creditors for FTX to remain sealed for at least another three months.
FTX Bankruptcy Judge Not Swayed by Letter From US Senators
A bipartisan group of four U.S. senators sent a letter to the judge in the FTX bankruptcy case calling for an independent examiner to be appointed. The judge added that the letter “will have no impact whatsoever on my decisions in this case which will only be based upon the facts and law presented by the parties." "The Hash" team weighs in on the latest bankruptcy developments for FTX.
