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Bankruptcy
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The agency has reportedly confronted difficulties elevating cash for its lending unit and informed traders it must file for chapter, in accordance with a 21 Bloomberg report citing folks acquainted with the spokesperson for Genesis informed Cointelegraph that…
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Altcoin NewsNews
Celsius chapter victims get proof-of-claim deadline from US court docket
by Jeremyby JeremyIn line with an official doc, a deadline has been set for these submitting any claims in opposition to the previous digital belongings Any individual or entity – which covers people, partnerships, companies, joint ventures and trusts – who…
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Bitcoin NewsNews
FTX owes over $3 billion to its 50 greatest collectors: Chapter submitting
by Jeremyby JeremyFTX discloses its high 50 collectors are owed The biggest creditor is owed $226 names had been Tom Dunleavy (@dunleavy89) November 20, 2022 “The High 50 Record is predicated on the Debtors’ at present accessible…
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Bitcoin NewsNews
FTX chapter submitting particulars, Binance’s crypto trade fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19
by Jeremyby JeremyPrime Tales This Week SBF obtained $1B in private loans from Alameda: FTX chapter submitting Binance creates trade restoration fund to assist tasks battling liquidity Options Options NY Fed launches 12-week CBDC pilot program with main banks The FTX contagion:…
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Altcoin NewsNews
FTX names Kroll as claims agent, to replace customers on chapter developments
by Jeremyby JeremyOften called the “claims and noticing agent,” Kroll was appointed to the position on 12 with the information made public on 17, and goals to compile a database of all claims in opposition to FTX Buying and selling…
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Altcoin NewsNews
New FTX CEO John Ray’s assertion on chapter case tells story of an unmitigated catastrophe
by Jeremyby JeremyOn asserting the information, Sam Bankman-Fried resigned from his place as John Ray, who oversaw Enron following its accounting scandal in 2007, took cost following SBF’s on the chapter, Ray stated the Chapter 11 submitting would offer aid…
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Altcoin NewsNews
FTX chapter courtroom submitting reveals Alameda gave $1.6B in loans to SBF, others
by Jeremyby JeremyThe restructuring categorized all of the affected firms within the chapter into 5 The Alameda Silo gave a number of firm executives over billion in private submitting revealed that Alameda gave a $543 million mortgage to FTX…