US
US Lays Claim to $700M of Assets Linked to Bankman-Fried, FTX
The U.S. and is now seeking their forfeiture.
What's Next for Genesis Creditors? It Depends on What's in the Bankruptcy Filing
It may “take a long time” to figure out Genesis' assets and liabilities, Eric Snyder, partner at Wilk Auslander, told CoinDesk TV.
Sullivan & Cromwell Gets Go-Ahead to Represent FTX in Bankruptcy Proceedings, Despite Controversy
James Bromley, a partner at Sullivan & Cromwell, said former CEO Sam Bankman-Fried has been stirring the pot by “lashing out” on Twitter.
Genesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing
Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday.
Genesis Owes Over $3.5B to Top 50 Creditors
Genesis has over 100,000 creditors among the three of its companies that declared bankruptcy.
Genesis' Crypto Lending Businesses File for Bankruptcy Protection
The collapse of FTX in late 2022 was 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.
Bitcoin Miner CleanSpark Builds 50MW Additional Mining Capacity at Georgia Site
The mining firm will increase its computing power by 25% to 34% after the U.S. site goes online.
Digital Dollar Project Warns on US Cautious Approach to CBDCs
The DDP's white paper called the U.S, approach to CBDCs an "unsustainable position."
Crypto Observers Maintain Risk-On Bias as US Debt Ceiling Nears
Observers said the "extraordinary measures" the U.S. Treasury Dept. has promised to implement after the limit is reached will likely ease financial conditions and keep risk assets steady. The government is set to hit the debt limit on Thursday.
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.
